To provide for the ratification of payments made under preexisting onshore and offshore royalty-in-kind programs.

Summary

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).

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 May 1998

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• Introduced in House (PDF)

  Introduced in House · EN · 22 May 1998

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• Introduced in House

  summary · EN · 22 May 1998

  Open at official source

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