Page:United States Statutes at Large Volume 96 Part 2.djvu/46

 96 STAT. 1408

PUBLIC LAW 97-302—OCT. 13, 1982

Commission may apply to the Secretary of the Interior seeking to acquire all the undivided mineral interests of the United States in the lands to which such release applied, and the Secretary of the Interior shall, subject to valid existing rights and subject to subsection (b), convey such mineral interests as requested. (b) The Secretary of the Interior shall not convey the undivided mineral interests of the United States in any lands as requested in an application filed by the Commission under subsection (a) unless— (1) such application is accompanied by a sum of money which the Secretary of the Interior determines is necessary to pay the administrative costs involved in conveying such mineral interests to the Commission, including the costs of determining the mineral character of such lands and the costs of establishing the fair market value of such mineral interests, and (2) the Commission, in consideration of such conveyance, pays to the Secretary of the Interior— (A) $1, in the case of any such lands determined by the Secretary of the Interior to have no mineral value and to be under no active mineral development or leasing, or (B) the fair market value of such mineral interests (as determined by the Secretary of the Interior), in the case of any such lands not subject to subparagraph (A). Approved October 18, 1982.

LEGISLATIVE HISTORY—H.R. 3881: HOUSE REPORTS: No. 97-447 Pt. I (Comm. on Agriculture), Pt. II (Comm. on Interior and Insular Affairs). SENATE REPORT No. 97-570 (Comm. on Agriculture, Nutrition, and Forestry). CONGRESSIONAL RECORD, Vol. 128 (1982): May 17, considered and passed House. Sept. 29, considered and passed Senate. WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 18, No. 41 (1982): Oct. 14, Presidential statement.

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