Assessment [Mineral Lands] Law and Legal Definition

According to 30 USCS § 1702 (Title 30; Mineral Lands and Mining; Chapter 29; Oil and Gas Royalty Management), the term "assessment" means “any fee or charge levied or imposed by the Secretary or a delegated State other than--

(A) the principal amount of any royalty, minimum royalty, rental bonus, net profit share or proceed of sale;

(B) any interest; or

(C) any civil or criminal penalty.”