A credit is owed to anyone who paid advance royalties at the old rate
What the document says“the Secretary of the Interior shall provide to the lessee a credit for the difference between the amount paid by the lessee in advance royalties for the lease before the date of the enactment of this Act”
The section requires the Secretary to give a lessee who paid advance royalties under section 7(b) of the Mineral Leasing Act (30 U.S.C. 207(b)) a credit for the difference between what was paid before enactment and what would have been owed had the new cap already been in place.
What the document actually says“the Secretary of the Interior shall provide to the lessee a credit for the difference between the amount paid by the lessee in advance royalties for the lease before the date of the enactment of this Act”
The Interior Secretary must give the lease holder a credit. It covers the gap between what was paid and what is now owed.
Advance royalties are paid before the coal is mined. Some were paid at the old higher rate. The credit makes up the difference.
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