Page:United States Statutes at Large Volume 94 Part 2.djvu/424

 94 STAT. 1702

PUBLIC LAW 96-401—OCT. 9, 1980 Name of companies

Leases Peabody Coal Company....

Permits Peabody Coal Company Bruce L. Ennis (now assigned to Chevron Oil). Bruce L. Ennis Norsworthy and Reger, Incorporated Consolidation Coal Company Meadowlark Farms, Incorporated (subsidiary of AMAX, Incorporated).

Document numbers

14-20-0257-897 14-20-0257-899 14-20-0257-900 14-20-0257-901 14-20-0257-902 14-20-0257-903 C-57-P-30 C-57-P-31 C-57-P-32 C-57-P-42

Bidding rights certificate.

November 17, 1970 November November November November November

17, 17, 17, 17, 17,

1970 1970 1970 1970 1970

August 18, 1969 August 18, 1969 August 18, 1969 May 21. 1971

C-57-P-45 June 14, 1971 C-57-P-4G June 14, 1971 C-57-P-47 June 14. 1971 C-57-P-43 May 21, 1971 C-57-P-40 May 21, 1971 C-57-P-41 C-57-P-44

Federal coal leases.

Document dates

May 21, 1971 May 21, 1971

SEC. 3. (a) With respect to any lease, permit, or right to a lease referred to in section 2 of this Act, the Secretary is authorized to execute a cancellation agreement under which the Secretary, the Northern Cheyenne Tribe, and the party holding such lease, permit, or right to a lease agree in writing that such lease, permit, or right to a lease is canceled and under which such party shall be issued: (1) a noncompetitive lease or leases for such federally owned coal deposits which for the foreseeable future are unlikely to be separately mined efficiently or economically except by incorporation into an existing mining unit controlled by such party, and for the surface of public lands containing such deposits, as may be agreed upon by the Secretary and such party. Such lease or leases shall be issued at the fair market value provided for in subsection (c) of this section only after a determination by the Secretary that such deposits and lands are acceptable for further consideration for coal leasing: Provided, That such cancellation agreement shall also provide that if, after further consideration, the Secretary determines that all or any part of such deposits or lands are not acceptable for coal leasing, such party shall be issued a certificate of bidding rights that may be used to acquire Federal coal leases at competitive sales. Such bidding rights shall have a value equal to the amount of the actual cash investment, plus interest on such investment compounded at a rate not to exceed 7 per centum per annum, made by the party involved in connection with the lease, permit, or right to a lease to be canceled under such cancellation agreement, multiplied by the percentage of the otherwise recoverable tonnage of any coal deposits for which the party does not, by reason of such determination by the Secretary, receive a lease under this subsection; or, (2) a certificate of bidding rights that may be used to acquire Federal coal leases at competitive sales. Such bidding rights shall have a value equal to the amount of the actual cash investment, plus interest on such investment compounded at a rate not to exceed 7 per centum per annum, made by the party involved in connection with the lease, permit, or right to a lease to be canceled under such cancellation agreement.

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