H.R.905 - Coal Leasing Amendments Act of 2005109th Congress (2005-2006)
|Sponsor:||Rep. Cubin, Barbara [R-WY-At Large] (Introduced 02/17/2005)|
|Committees:||House - Resources|
|Latest Action:||House - 03/02/2005 Referred to the Subcommittee on Energy and Mineral Resources. (All Actions)|
This bill has the status Introduced
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Summary: H.R.905 — 109th Congress (2005-2006)All Information (Except Text)
Coal Leasing Amendments Act of 2005 - Amends the Mineral Leasing Act to repeal the 160-acre limitation placed upon coal leases.
Introduced in House (02/17/2005)
Authorizes the Secretary of the Interior to establish a mining plan period of more than 40 years upon a determination that the longer period: (1) will ensure the maximum economic recovery of a coal deposit; or (2) the longer period is in the interest of the orderly, efficient, or economic development of a coal resource.
Revises the statutory formula for the payment of advance royalties. Extends from ten years to twenty years the lease term for which advance royalties may be accepted in lieu of the condition of continued operation.
Eliminates the deadline for submission of a coal lease operation and reclamation plan.
Prohibits the Secretary from requiring a surety bond or any other financial assurance to guarantee payment of deferred bonus bid installments with respect to any coal lease issued based upon a cash bonus bid.
Requires the Secretary to review and identify for Congress coal assessments on public lands and the restrictions or impediments to development of those resources.