H.R.4463 - Railroad Land Grant Development Act of 198197th Congress (1981-1982)
|Sponsor:||Rep. Williams, Pat [D-MT-1] (Introduced 09/10/1981)|
|Committees:||House - Energy and Commerce; Interior and Insular Affairs|
|Latest Action:||10/05/1981 Referred to Subcommittee on Energy and the Environment. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4463 — 97th Congress (1981-1982)All Bill Information (Except Text)
Introduced in House (09/10/1981)
Railroad Land Grant Development Act of 1981 - Amends the Mineral Leasing Act of 1920 to repeal the limitation on the acquisition of a coal lease or permit by a railroad.
Requires a railroad leasing public lands adjacent to grant lands held by the railroad to annually determine its net revenues from resource development and to use at least 33 1/3 percent of such revenues for the operation and maintenance of the railroad, and of that 33 1/3 percent at least 33 1/3 percent must be used to operate and maintain railroad branchlines.