H.R. 1820 · 114th Congress
To authorize the Secretary of the Interior to retire coal preference right lease applications for which the…
Full title
To authorize the Secretary of the Interior to retire coal preference right lease applications for which the Secretary has made an affirmative commercial quantities determination, and for other purposes.
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
LujánSponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
The BLM is required to provide payments, equal to 50% value of any bidding credit, to any state where federal mineral rights are being acquired through the use of bidding credits. Such payments are required to be derived from revenues obtained under federal mineral leases.
What it does: CRS summary · Reported to House without amendment · Mar 10, 2016
(This measure has not been amended since it was introduced. The expanded summary of that version is repeated here.)
(Sec. 1) This bill authorizes the Bureau of Land Management (BLM) to provide bidding credits for a coal preference right lease applicant to acquire federal mineral rights if such applicant agrees to relinquish its rights to an existing coal lease on federal land. Bidding credits, which are fully transferable, are assigned a dollar value and can be used in lieu of cash to make certain payments to the federal government. The dollar value should be equal to the estimated fair market value of the existing lease being relinquished.
The BLM is required to provide payments, equal to 50% value of any bidding credit, to any state where federal mineral rights are being acquired through the use of bidding credits. Such payments are required to be derived from revenues obtained under federal mineral leases.
A bidding credit terminates five years from its date of issue, not counting any period in which exercise of the bidding credit is precluded by law or suspension of the federal coal leasing program.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To authorize the Secretary of the Interior to retire coal preference right lease applications for which the Secretary has made an affirmative commercial quantities determination, and for other purposes.
Latest action (Mar 10, 2016): Placed on the Union Calendar, Calendar No. 341.
Policy area: Energy · Origin: House · Introduced: Apr 15, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.