IIB
112th CONGRESS
2d Session
H. R. 4027
IN THE SENATE OF THE UNITED STATES
June 19, 2012
Received; read twice and referred to the Committee on Energy and Natural Resources
AN ACT
To clarify authority granted under the Act
entitled An Act to define the exterior boundary of the Uintah and Ouray
Indian Reservation in the State of Utah, and for other
purposes
.
Clarification of authority
The Act entitled
An Act to define the exterior boundary of the Uintah and Ouray Indian
Reservation in the State of Utah, and for other purposes
, approved
March 11, 1948 (62 Stat. 72), as amended by the Act entitled An Act to
amend the Act extending the exterior boundary of the Uintah and Ouray Indian
Reservation in the State of Utah so as to authorize such State to exchange
certain mineral lands for other lands mineral in character
approved
August 9, 1955, (69 Stat. 544), is further amended by adding at the end the
following:
In order to further clarify authorizations under this Act, the State of Utah is hereby authorized to relinquish to the United States, for the benefit of the Ute Indian Tribe of the Uintah and Ouray Reservation, State school trust or other State-owned subsurface mineral lands located beneath the surface estate delineated in Public Law 440 (approved March 11, 1948) and south of the border between Grand County, Utah, and Uintah County, Utah, and select in lieu of such relinquished lands, on an acre-for-acre basis, any subsurface mineral lands of the United States located beneath the surface estate delineated in Public Law 440 (approved March 11, 1948) and north of the border between Grand County, Utah, and Uintah County, Utah, subject to the following conditions:
Reservation by united states
The Secretary of the Interior shall reserve an overriding interest in that portion of the mineral estate comprised of minerals subject to leasing under the Mineral Leasing Act (30 U.S.C. 171 et seq.) in any mineral lands conveyed to the State.
Extent of overriding interest
The overriding interest reserved by the United States under paragraph (1) shall consist of—
50 percent of any bonus bid or other payment received by the State as consideration for securing any lease or authorization to develop such mineral resources;
50 percent of any rental or other payments received by the State as consideration for the lease or authorization to develop such mineral resources;
a 6.25 percent overriding royalty on the gross proceeds of oil and gas production under any lease or authorization to develop such oil and gas resources; and
an overriding royalty on the gross proceeds of production of such minerals other than oil and gas, equal to 50 percent of the royalty rate established by the Secretary of the Interior by regulation as of October 1, 2011.
Reservation by state of Utah
The State of Utah shall reserve, for the benefit of its State school trust, an overriding interest in that portion of the mineral estate comprised of minerals subject to leasing under the Mineral Leasing Act (30 U.S.C. 181 et seq.) in any mineral lands relinquished by the State to the United States.
Extent of overriding interest
The overriding interest reserved by the State under paragraph (3) shall consist of—
50 percent of any bonus bid or other payment received by the United States as consideration for securing any lease or authorization to develop such mineral resources on the relinquished lands;
50 percent of any rental or other payments received by the United States as consideration for the lease or authorization to develop such mineral resources;
a 6.25 percent overriding royalty on the gross proceeds of oil and gas production under any lease or authorization to develop such oil and gas resources; and
an overriding royalty on the gross proceeds of production of such minerals other than oil and gas, equal to 50 percent of the royalty rate established by the Secretary of the Interior by regulation as of October 1, 2011.
No obligation to lease
Neither the United States nor the State shall be obligated to lease or otherwise develop oil and gas resources in which the other party retains an overriding interest under this section.
Cooperative agreements
The Secretary of the Interior is authorized to enter into cooperative agreements with the State and the Ute Indian Tribe of the Uintah and Ouray Reservation to facilitate the relinquishment and selection of lands to be conveyed under this section, and the administration of the overriding interests reserved hereunder.
Termination
The overriding interest reserved by the Secretary of the Interior under paragraph (1), and the overriding interest reserved by the State under paragraph (3), shall automatically terminate 30 years after the date of enactment of this section.
.
Passed the House of Representatives June 18, 2012.
Karen L. Haas,
Clerk