Summary: H.R.2116 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for H.R.2116. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/26/1989)

Consumer Coal Royalty Rate Amendment Act of 1989 - Amends the Mineral Leasing Act to reduce the statutory minimum ad valorem royalty rate on coal purchase contracts entered into prior to March 1, 1989, from 12 1/2 percent to six percent of the value of coal. Exempts coal leases of Indian tribal or allotted lands from such royalty reduction. Permits the Secretary of the Interior to determine a lesser rate for coal from underground mining operations.