Page:United States Statutes at Large Volume 119.djvu/686

 119 STAT. 668

PUBLIC LAW 109–58—AUG. 8, 2005 ‘‘(2) a royalty on any byproduct that is a mineral specified in the first section of the Mineral Leasing Act (30 U.S.C. 181), and that is derived from production under the lease, at the rate of the royalty that applies under that Act to production of the mineral under a lease under that Act;’’.

SEC. 229. AUTHORITIES OF SECRETARY TO READJUST TERMS, CONDITIONS, RENTALS, AND ROYALTIES. 30 USC 1007.

Section 8(b) of the Geothermal Steam Act of 1970 (30 U.S.C. 1006) is amended in the second sentence by striking ‘‘period, and in no event’’ and all that follows through the end of the sentence and inserting ‘‘period’’. SEC. 230. CREDITING OF RENTAL TOWARD ROYALTY.

Section 5 of the Geothermal Steam Act of 1970 (30 U.S.C. 1004) (as amended by sections 223 and 224) is further amended— (1) in subsection (a)(2) by inserting ‘‘and’’ after the semicolon at the end; (2) in subsection (a)(3) by striking ‘‘; and’’ and inserting a period; (3) by striking paragraph (4) of subsection (a); and (4) by adding at the end the following: ‘‘(e) CREDITING OF RENTAL TOWARD ROYALTY.—Any annual rental under this section that is paid with respect to a lease before the first day of the year for which the annual rental is owed shall be credited to the amount of royalty that is required to be paid under the lease for that year.’’. SEC. 231. LEASE DURATION AND WORK COMMITMENT REQUIREMENTS.

Section 6 of the Geothermal Steam Act of 1970 (30 U.S.C. 1005) is amended— (1) by striking so much as precedes subsection (c), and striking subsections (e), (g), (h), (i), and (j); (2) by redesignating subsections (c), (d), and (f) in order as subsections (g), (h), and (i); and (3) by inserting before subsection (g), as so redesignated, the following: Regulations.

‘‘SEC. 6. LEASE TERM AND WORK COMMITMENT REQUIREMENTS.

‘‘(a) IN GENERAL.— ‘‘(1) PRIMARY TERM.—A geothermal lease shall be for a primary term of 10 years. ‘‘(2) INITIAL EXTENSION.—The Secretary shall extend the primary term of a geothermal lease for 5 years if, for each year after the 10th year of the lease— ‘‘(A) the Secretary determined under subsection (b) that the lessee satisfied the work commitment requirements that applied to the lease for that year; or ‘‘(B) the lessee paid in annual payments accordance with subsection (c). ‘‘(3) ADDITIONAL EXTENSION.—The Secretary shall extend the primary term of a geothermal lease (after an initial extension under paragraph (2)) for an additional 5 years if, for each year of the initial extension under paragraph (2), the Secretary determined under subsection (b) that the lessee satisfied the minimum work requirements that applied to the lease for that year.

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