Summary: H.R.3962 — 105th Congress (1997-1998)All Information (Except Text)

There is one summary for H.R.3962. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/22/1998)

States that certain amounts for Federal royalty oil purchases invoiced by the Secretary of the Interior and paid in full before the date of enactment of this Act are ratified and deemed to be the purchaser's total obligation to the United States, subject to adjustment to reconcile billed volumes with delivered volumes (provided that all purchased royalty oil volumes were processed or used, or exchanged for other crude oil on a volume or equivalent basis that was processed or used, in the refiner's domestic refineries).