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The NewsRoom
Release: 4035
Date: September 10, 2009
MMS State Contract Reviews on Track
State of Montana Eighth to Be Examined in 2009
DENVER
– The Minerals Management Service’s (MMS) Minerals
Revenue Management (MRM) program is completing its eighth review of
a state cooperative agreement with an examination of the state of
Montana’s Department of Revenue, National Resources & Corporate Tax
Division.
The state of Montana is one of 11 states with which MMS contracts to
perform audits and compliance work on companies producing energy
that occurs on Federal lands located within the state’s borders. MMS provides funding for the state to hire staff, procure office
space, and conduct audits to ensure companies are properly reporting
production and paying the correct amount in royalties.
The reviews include an examination of the state’s
management of records, transfer of records to Federal Archives as
appropriate, contract costs and the state’s progress in implementing
its annual work plan, which details the state’s annual compliance
and audit objectives.
To date
this year, MMS has completed reviews for the states of Alaska,
Colorado, Louisiana, New Mexico, Oklahoma, Texas and Utah. In
addition to Montana, MMS will complete reviews of California, North
Dakota and Wyoming before the end of the year.
Contact:
Patrick Etchart
(303) 231-3162
MMS: Securing Ocean Energy & Economic Value for America
U.S. Department of the Interior
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Last Updated:
09/11/2009,
01:09 PM
Central Time
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