Page:United States Statutes at Large Volume 94 Part 2.djvu/425

 PUBLIC LAW 96-401—OCT. 9, 1980

94 STAT. 1703

(b) A determination by the Secretary under subsection (a)(1) of this section shall be final. (c) Any noncompetitive lease issued under subsection (a)(1) of this section shall be valued at a sum equal to fair market value, as determined by the Secretary. Any bonus due may be reduced by an amount equal to so much of the investment and 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 this section as the Secretary may consider appropriate. (d) Any lease issued under subsection (a)(1) of this section shall, except as provided in this Act, be issued under, and be subject to the provisions of the Mineral Leasing Act of 1920, as amended (30 U.S.C. 181 et seq.), and the Surface Mining Control and Reclamation Act of 1977 (30 U.S.C. 1201 etseq.). SEC. 4. (a) With respect to any lease referred to in section 2 of this Act, any cancellation agreement entered into pursuant to section 3 of this Act shall be valid only if executed in writing, before November 1, 1980, by the Secretary, the Northern Cheyenne Tribe, and the party holding the lease. If such cancellation agreement is not so executed, such lease shall be canceled on November 1, 1980. (b) With respect to any permit or right to a lease referred to in section 2 of this Act, any cancellation agreement entered into pursuant to section 3 of this Act shall be valid only if executed in writing, on or before January 1, 1982, by the Secretary, the Northern Cheyenne Tribe, and the party holding the permit or right to a lease. If such cancellation agreement is not so executed, such permit or right to a lease shall be canceled upon the expiration of a period ending ninety days after any date on which the Secretary, the Northern Cheyenne Tribe, and such party agree in writing that negotiations under section 2 of this Act are at an impasse, or on January 1, 1982, whichever occurs first. (c) If any lease, permit, or right to a lease is canceled under subsection (a) or (b) of this section, the United States Court of Claims shall have jurisdiction to render judgment on any claim against the United States arising out of such cancellation. SEC. 5. (a) Execution of any cancellation agreement under section 3 of this Act shall extinguish any claim or liability that may otherwise arise in connection with the lease, permit, or right to a lease canceled under such agreement.

Final determination. Fair market value. Bonus.

Deadlines.

U.S. Court of Claims, jurisdiction. Extinguished claim or liability.

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