This part caps the coal royalty rate at 7 percent. The cap runs from the day this law passed to September 30, 2034. It reaches leases already in force. Anyone who paid more up front gets a credit.
The document says “is amended”Who acts: Secretary of the InteriorHow: statuteSec. 50202 in the PDF
What the document says
“except such amount shall be not more than 7 percent during the period that begins on the date of enactment of the Act entitled `An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14' (119th Congress) and ends September 30, 2034,”
The section amends the fourth sentence of section 7(a) of the Mineral Leasing Act (30 U.S.C. 207(a)) to insert a cap of 7 percent on the royalty rate, running from enactment of this Act to September 30, 2034.
What the document actually says
“except such amount shall be not more than 7 percent during the period that begins on the date of enactment of the Act entitled `An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14' (119th Congress) and ends September 30, 2034,”
That sentence, in plain words
The rate may not go above 7 percent. That cap starts the day this law passed. It ends on September 30, 2034.
What this is about
A royalty is a share of the value of the coal mined. The cap is a ceiling, not a floor. After 2034 the older rule comes back.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
The document says “shall apply”Who acts: Secretary of the InteriorHow: statuteSec. 50202 in the PDF
What the document says
“The amendment made by subsection (a) shall apply to a coal lease--”
The section applies the new cap to any coal lease issued under section 2 of the Mineral Leasing Act (30 U.S.C. 201) before, on or after enactment, so long as the lease has not been terminated.
What the document actually says
“The amendment made by subsection (a) shall apply to a coal lease--”
That sentence, in plain words
The change reaches coal leases. The two tests that follow say which ones.
What this is about
It covers leases issued before this law and after it. The lease must still be live. A lease that has ended is not touched.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
The document says “shall”Who acts: Secretary of the InteriorHow: statuteSec. 50202 in the PDF
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”
That sentence, in plain words
The Interior Secretary must give the lease holder a credit. It covers the gap between what was paid and what is now owed.
What this is about
Advance royalties are paid before the coal is mined. Some were paid at the old higher rate. The credit makes up the difference.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Each distinct thing the section does: the new cap on the royalty rate, the rule making it apply to existing leases, and the credit for advance royalties already paid.
Nothing in the section is left out. It has three subsections and each is recorded.
The section works by amending section 7(a) of the Mineral Leasing Act and refers to sections 2 and 7(b) of that Act, none of which is indexed here, so the rest of the royalty rules cannot be checked against anything on this site.
