A bill to authorize the exchange of existing Federal oil and gas leases in the State of Montana, located in the Lewis and Clark National Forest and the Flathead National Forest, for credits in future Federal oil and gas lease sales in the Gulf of Mexico, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

5 February 1998

Last action

6 February 1998 · Referred

Status

Referred to Subcommittee on Forests and Public Lands.

Summary

Authorizes the Secretary of the Interior to exchange certain Federal oil and gas leases in a specified exchange area in the State of Montana for credits that may be used for: (1) bids in Federal oil and gas lease sales, or for royalty and rentals due under Federal leases in the central and western planning areas of the Gulf of Mexico for leases outside a specified zone; and (2) bid, royalty or rental payments due under Federal oil and gas leases on Federal land in the State of Montana. Provides that the amount of such credits shall be based on investments made in lease acquisition and development before the date of enactment of this Act and agreed to by the Secretary and the leaseholder. Withdraws such exchange area from: (1) location and entry under the mining laws; and (2) leasing under the mineral leasing laws. Directs the Secretary to pay to the State of Montana the amount it would have received in cash but for the leaseholder's use of such credit to pay rentals or royalties on a Federal oil or gas lease on Federal land in Montana.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

5 February 1998
Introduced
Read twice and referred to the Committee on Energy and Natural Resources.
Source: IntroReferral
5 February 1998
Introduced
Sponsor introductory remarks on measure. (CR S455-456)
Source: IntroReferral
5 February 1998
Introduced
Introduced in Senate
Source: IntroReferral
6 February 1998
Referred
Referred to Subcommittee on Forests and Public Lands.
Source: Committee

Votes

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Versions

Introduced in Senate · 5 February 1998 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 5 February 1998
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Introduced in Senate (PDF)
Introduced in Senate · EN · 5 February 1998
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Introduced in Senate
summary · EN · 5 February 1998
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

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Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/105th-congress/senate-bill/1616
Open data entity: https://api.congress.gov/v3/bill/105/s/1616
us · 105-s-1616 · source updated 24 March 2026