Florida Statutes 253.57 – Royalties
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 253.57
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
The state’s royalties, a part of the consideration of every lease, shall be computed after deducting any oil or gas reasonably used for the production hereof.