S. 2225Senate108th Congress (2003-2005)In Committee

Montana Mineral Exchange Act

Introduced March 23, 2004

Legislative Activity

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SenateIntro Referral Latest Action

Read twice and referred to the Committee on Energy and Natural Resources.

March 23, 2004

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SenateIntro Referral

Introduced in Senate

March 23, 2004

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S3001)

March 23, 2004

SenateIntro Referral

Read twice and referred to the Committee on Energy and Natural Resources.

March 23, 2004

Floor Debate

6 members

What members said about S. 2225 on the floor

2 Republicans4 Democrats
Sam Brownback
Sen. Sam BrownbackR-KS · Mar 23, 2004

Mr. President, the great story of Kansas can be summed up in the State motto, ``Ad Astra per Aspera,'' to the stars through difficulties. Though only a short phrase comprised of four words, the…

Joseph R. Biden Jr.
Sen. Joseph R. Biden Jr.D-DE · Mar 23, 2004

Mr. President, I rise today to introduce the Anticounterfeiting Act of 2004, along with Senators Murray, Hollings, Smith, and Allen. Two years ago, I held a hearing entitled, ``Theft of American…

Pat Roberts
Sen. Pat RobertsR-KS · Mar 23, 2004

Mr. President, I am pleased to introduce, along with my distinguished colleague Senator Brownback, a bill designating the Bleeding Kansas and the Enduring Struggle for Freedom National Heritage Area.…

Jon S. Corzine
Sen. Jon S. CorzineD-NJ · Mar 23, 2004

Mr. President, I rise today to introduce legislation to ensure that displaced workers whose jobs have moved overseas have access to affordable health care coverage. Under the Trade Assistance…

Max Baucus
Sen. Max BaucusD-MT · Mar 23, 2004

Mr. President, I am pleased to introduce today the Montana Mineral Exchange Act with Senators Burns and Campbell. This bill will enable the Northern Cheyenne Tribe and eastern Montana to create jobs…

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Max Baucus
Sen. Max BaucusD-MT · Mar 23, 2004

Mr. President, I am pleased to introduce today the Montana Mineral Exchange Act with Senators Burns and Campbell. This bill will enable the Northern Cheyenne Tribe and eastern Montana to create jobs…

Thomas A. Daschle
Sen. Thomas A. DaschleD-SD · Mar 23, 2004

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

Latest available legislative text

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Introduced in SenateIssued March 23, 2004
        [Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 2225 Introduced in Senate (IS)]

108th CONGRESS
2d Session
S. 2225

To authorize an exchange of mineral rights by the Secretary of the
Interior in the State of Montana.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

March 23, 2004

Mr. Burns (for himself, Mr. Baucus, and Mr. Campbell) introduced the
following bill; which was read twice and referred to the Committee on
Energy and Natural Resources

_______________________________________________________________________

A BILL

To authorize an exchange of mineral rights by the Secretary of the
Interior in the State of Montana.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Montana Mineral Exchange Act''.

SEC. 2. DEFINITIONS.

In this Act:
(1) Ancillary fund.--The term ``Ancillary Fund'' means the
Northern Cheyenne Ancillary Fund established by section
5(a)(1).
(2) Annual 6 percent amount.--The term ``annual 6 percent
amount'' means the amount from the Permanent Fund that becomes
available each Permanent Fund fiscal year for expenditure or
obligation, as provided in section 5(d).
(3) Annual tonnage.--The term ``annual tonnage'' means the
total tonnage of merchantable coal mined during a fiscal year
from any mine established after the date of enactment this Act
in an approved mine plan area that includes land all or a
portion of which is located not more than 25 miles from the
boundary of the Northern Cheyenne Reservation, as the boundary
exists on the date of enactment of this Act.
(4) Base sum.--The term ``base sum'' means the amount equal
to the annual tonnage multiplied by 50 cents per ton.
(5) Cheyenne tracts.--The term ``Cheyenne tracts'' means
the tracts of land located in the eastern portion of the State
within the boundaries of the Northern Cheyenne Reservation,
totaling approximately 5,000 acres, as generally depicted on
the map entitled ``Cheyenne Coal Land Exchange'' and dated
January 9, 2004, and that have the following legal
descriptions:
(A) T. 2 S., R. 44 E., sec. 17.
(B) T. 2 S., R. 44 E., sec. 19.
(C) T. 3 S., R. 44 E., sec. 5.
(D) T. 3 S., R. 44 E., sec. 7.
(E) T. 3 S., R. 44 E., sec. 9.
(F) T. 3 S., R. 44 E., sec. 17.
(G) T. 3 S., R. 44 E., sec. 19.
(H) T. 3 S., R. 44 E., sec. 21, N\1/2\SW\1/4\, and
S\1/2\SE\1/4\.
(6) Exchange.--The term ``exchange'' means the exchange of
mineral rights described in section 3(a).
(7) Federal tracts.--The term ``Federal tracts'' the
unleased tracts of land located in the State of Montana,
consisting of approximately 5,000 acres, as generally depicted
on the map entitled ``Cheyenne Coal Land Exchange'' and dated
January 9, 2004, and that have the following legal description:
(A) T. 11 N., R. 49 E., sec. 8, S\1/2\.
(B) T. 11 N., R. 49 E., sec. 21.
(C) T. 11 N., R. 49 E., sec. 27, W\1/2\NW\1/4\.
(D) T. 11 N., R. 49 E., sec. 28, NE\1/4\, N\1/
2\SE\1/4\, and N\1/2\NW\1/4\.
(E) T. 9 S., R. 40 E., sec. 3, SW\1/4\SE\1/4\SE\1/
4\, and SW\1/4\SE\1/4\.
(F) T. 9 S., R. 40 E., sec. 4, SW\1/4\NW\1/4\.
(G) T. 9 S., R. 40 E., sec. 5, S\1/2\NE\1/4\ and
SE\1/4\.
(H) T. 9 S., R. 40 E., sec. 8, NW\1/4\NE\1/4\NE\1/
4\ and NW\1/4\NE\1/4\.
(I) T. 9 S., R. 38 E., sec. 24, lot 16 and SE\1/
4\SE\1/4\.
(J) T. 9 S., R. 38 E., sec. 25, lots 9, 12, 13, 16,
and E\1/2\E\1/2\.
(K) T. 9 S., R. 38 E., sec. 36, E\1/2\SE\1/4\.
(L) T. 9 S., R. 39 E., sec. 20, lots 1, 2, 3, and
4, E\1/2\NW\1/4\, E\1/2\NE\1/4\, SW\1/4\NE\1/4\, E\1/
2\SW\1/4\, and SE\1/4\.
(M) T. 9 S., R. 39 E., sec. 21, SW\1/4\SW\1/4\.
(N) T. 9 S., R. 39 E., sec. 28, W\1/2\NW\1/4\,
SW\1/4\, W\1/2\SE\1/4\, and NE\1/4\SE\1/4\.
(O) T. 9 S., R. 39 E., sec. 29.
(P) T. 9 S., R. 39 E., sec. 32, lots 1, 3, 4, 5, 6,
and 7, NE\1/4\NW\1/4\, N\1/2\NE\1/4\, SE\1/4\NE\1/4\,
NE\1/4\SW\1/4\, and N\1/2\SE\1/4\.
(Q) T. 9 S., R. 39 E., sec. 33, lots 1, 2, 3, and
4, NW\1/4\, S\1/2\NE\1/4\, N\1/2\SW\1/4\, and N\1/
2\SE\1/4\.
(R) T. 9 S., R. 39 E., sec. 34, lots 1, 2, 3, and
4, N\1/2\SW\1/4\, and N\1/2\SE\1/4\.
(8) Great northern properties.--The term ``Great Northern
Properties'' means Great Northern Properties Limited
Partnership, a Delaware limited partnership, and any successor
to the ownership interest of Great Northern Properties in the
minerals underlying the Cheyenne tracts.
(9) Immediately preceding permanent fund years.--The term
``immediately preceding Permanent Fund years'' means the 3
Permanent Fund fiscal years immediately preceding the current
Permanent Fund fiscal year, except that--
(A) for the second Permanent Fund fiscal year, the
term means the first Permanent Fund fiscal year; and
(B) for the third Permanent Fund fiscal year, the
term means the first and second Permanent Fund fiscal
years.
(10) Income.--The term ``income'' means the total net
return from the investment of the Permanent Fund or Ancillary
Fund, consisting of--
(A) all interest, dividends, realized and
unrealized gains and losses and other earnings, plus
all income resulting from the investment of the income;
less
(B) any costs and fees for private investment
management, investment consulting, and custodianship
and any other reasonably necessary transactional
services or matters.
(11) Permanent fund.--The term ``Permanent Fund'' means the
Northern Cheyenne Permanent Fund established by section
5(a)(2).
(12) Permanent fund fiscal year.--The term ``Permanent Fund
fiscal year'' means a fiscal year of the Permanent Fund as
defined in the Permanent Fund plan.
(13) Permanent fund plan.--The term ``Permanent Fund plan''
means the plan established under section 5(g).
(14) Secretary.--The term ``Secretary'' means the Secretary
of the Interior.
(15) Trailing average permanent fund value.--The term
``trailing average Permanent Fund value'' means the average
quarterly market value of the Permanent Fund during the
immediately preceding Permanent Fund years.
(16) Tribe.--The term ``Tribe'' means the Northern Cheyenne
Tribe.

SEC. 3. MINERAL RIGHTS EXCHANGE.

(a) In General.--Notwithstanding any other provision of Federal
law, concurrent with the conveyance from Great Northern Properties to
the United States of all of its mineral interests underlying the
Cheyenne tract, the Secretary shall convey to Great Northern Properties
all mineral interests in the Federal tracts.
(b) Trust.--On conveyance of the mineral interests underlying the
Cheyenne tracts to the United States, the Secretary shall take the
mineral interests into trust for the benefit of the Tribe.

SEC. 4. TERMS AND CONDITIONS OF EXCHANGE.

(a) Waiver of Legal Claims.--In return for the exchange, the Tribe
shall waive any and all claims relating to the failure of the United
States to previously acquire in trust for the Tribe as part of the
Northern Cheyenne Reservation the private mineral interests underlying
the Cheyenne tracts.
(b) Condition.--As a condition precedent of the exchange, the Tribe
and Great Northern Properties shall jointly notify the Secretary in
writing that they have agreed on a formula for the sharing of revenue
from coal produced from any portion of the Federal tracts.
(c) Completion of Exchange.--Notwithstanding any other provision of
law, after satisfaction of the condition precedent specified in
subsection (b), the exchange shall be completed in a single transaction
not later than 90 days after the date on which the Secretary receives
notice under subsection (b).
(d) Rescission of Exchange.--If a portion of the completed exchange
is invalidated by a court of competent jurisdiction and the judgment of
the court is no longer subject to appellate review, the Secretary or
Great Northern Properties may rescind the entire exchange.

SEC. 5. NORTHERN CHEYENNE PERMANENT FUND AND NORTHERN CHEYENNE
ANCILLARY FUND.

(a) Establishment.--There are established in the Treasury of the
United States--
(1) a fund to be known as the ``Northern Cheyenne Permanent
Fund''; and
(2) a fund to be known as the ``Northern Cheyenne Ancillary
Fund''.
(b) Authorization of Appropriations to Funds.--There are authorized
to be appropriated--
(1) to the Permanent Fund $10,000,000 for each of fiscal
years 2005, 2006, and 2007; and
(2) to the Ancillary Fund $10,000,000 for each of fiscal
years 2008, 2009, 2010, and 2011.
(c) Transfers From Ancillary Fund to Permanent Fund.--
(1) In general.--Not later than 120 days after the end of
fiscal year 2008 and each subsequent fiscal year in which
amounts in the Ancillary Fund are available for transfer to the
Permanent Fund, the Secretary of the Treasury shall transfer
from the Ancillary Fund to the Permanent Fund an amount, as
determined by the Secretary, equal to--
(A) the base sum; plus or minus
(B) any accrued realized and undisbursed income or
any accrued realized loss in the Ancillary Fund as of
the end of the fiscal year, in an amount not to exceed
the base sum.
(2) Written statement.--As soon as practicable after a
transfer under paragraph (1), the Secretary of the Treasury
shall provide to the Tribe--
(A) a written statement describing--
(i) the amount transferred under paragraph
(1); and
(ii) how the amount was calculated; and
(B) copies of any written materials used to
determine the amount.
(d) Expenditures From Permanent Fund.--
(1) In general.--Beginning with the second Permanent Fund
fiscal year and during each subsequent Permanent Fund fiscal
year, the Tribe may expend or obligate not more than 6 percent
of the trailing average Permanent Fund value (plus, during each
Permanent Fund fiscal year subsequent to the second Permanent
Fund fiscal year, the amount of any unexpended and unobligated
portion of the annual 6 percent amount from any of the
immediately preceding Permanent Fund years, not including any
income that may accrue on that portion) only for the following
purposes:
(A) Education.
(B) Law enforcement.
(C) Any other tribal governmental services or
facilities.
(D) Economic development.
(E) Acquisition of land, water rights, or related
property interests.
(F) Payment of costs and fees incurred in
connection with the investment of the Permanent Fund
for private investment management, investment
consulting, custodianship, and any other reasonably
necessary transactional services or matters.
(2) No other expenditures from permanent fund.--No amounts
from the Permanent Fund may be expended or obligated--
(A) for the purpose of making per capita payments
to members of the Tribe or litigating against any
aspect of any proposed or existing off-Reservation coal
mining, oil or gas development, or electric power
generation project; or
(B) for any other purpose other than a purpose
authorized in paragraph (1).
(e) Compliance With Permanent Fund Plan.--The Tribe shall invest,
manage, disburse, and expend the amounts in the Permanent Fund for the
purposes described in subsection (d)(1) in accordance with the
Permanent Fund plan.
(f) Investment Through Secretary.--
(1) In general.--As requested by the Tribe, the Secretary
shall invest any portions of the Permanent Fund and the
Ancillary Fund in interest-bearing deposits and securities in
accordance with--
(A) the Act of April 1, 1880 (21 Stat. 70, chapter
41; 25 U.S.C. 161); and
(B) the Act of June 24, 1938 (25 U.S.C. 162a).
(2) Income.--
(A) Permanent fund.--All income earned on
investments in the Permanent Fund shall be deposited in
the Permanent Fund.
(B) Ancillary fund.--All income earned on
investments in the Ancillary Fund shall be deposited in
the Ancillary Fund.
(g) Development of Permanent Fund Plan.--
(1) In general.--The Tribe shall--
(A) develop a Permanent Fund plan, in consultation
with the Secretary, for the investment, management,
administration, and expenditure of the amounts in the
Permanent Fund; and
(B) submit the plan to the Secretary.
(2) Contents.--The Permanent Fund plan--
(A) shall set forth the manner in which amounts in
the Permanent Fund shall be managed, administered, and
expended for the purposes described in subsection
(d)(1); and
(B) may provide for investment management of all or
any portion of the Permanent Fund by qualified private
professional investment managers.
(3) Revision.--The Permanent Fund plan may be revised and
updated by the Tribe, in consultation with the Secretary.
(h) Federal Disbursements.--
(1) In general.--Notwithstanding any other provision of
Federal law, while the Permanent Fund or any portion of the
Permanent Fund is invested by the Secretary under subsection
(f), on request of the Tribe, the Secretary of the Treasury and
the Secretary shall make available to the Tribe, amounts in the
Permanent Fund to be used--
(A) for any of the purposes set forth in subsection
(d)(1); or
(B) as may be provided in the Permanent Fund plan
under subsection (g)(2)(B), to enable submission of all
or any portion of the Permanent Fund to private
professional investment management.
(2) Exception.--No amounts shall be made available to the
Tribe under paragraph (1) until the Tribe adopts the Permanent
Fund plan required by subsection (g).
(i) Enforcement.--The Secretary may take any judicial or
administrative action to enforce the provisions of the Permanent Fund
plan that is necessary to ensure that any amount withdrawn from the
Permanent Fund is used in accordance with this Act.
(j) Liability.--If the Tribe exercises the right to withdraw an
amount from the Permanent Fund, neither the Secretary nor the Secretary
of the Treasury shall retain any liability for the expenditure or
investment of the amount withdrawn.

SEC. 6. AUTHORIZATION OF APPROPRIATIONS.

In addition to the amounts authorized to be appropriated to the
Permanent Fund and Ancillary Fund under section 5(b), there are
authorized to be appropriated such sums as are necessary to carry out
this Act.
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