A bill to amend the act of February 25, 1920.

Summary

Amends the Mineral Lands Leasing Act to reduce the portion of income from Federal mineral lands which is to be paid into the reclamation fund created by the Reclamation Act. Directs that an additional percentage of such revenues be paid by the Secretary of the Treasury to the States from within which such receipts were derived, with priority in spending such funds to be given to those areas socially or economically impacted by the development of mineral lands. Directs that income received by the United States under the Geothermal Steam Act be disposed of in the same manner as income received under the Mineral Lands Leasing Act. Authorizes the Secretary of the Treasury to make loans to States and localities in order to relieve social or economic impacts occassioned by the development of mineral lands leased pursuant to the Mineral Lands Leasing Act.

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Documents

2 official files

• Passed House amended

  summary · EN · 30 September 1976

  Open at official source

• Introduced in Senate

  summary · EN · 24 September 1976

  Open at official source

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