Page:United States Statutes at Large Volume 98 Part 2.djvu/570

 98 STAT. 1730

PUBLIC LAW 98-452—OCT. 4, 1984

Public Law 98-452 98th Congress An Act Oct. 4, 1984 [S. 1770]

To extend the lease terms of Federal oil and gas lease numbered U-39711.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That, notwithstanding any decision to the contrary heretofore made by the Secretary of the Interior of the United States or his authorized agents or representatives, United States oil and gas lease numbered U-39711 shall be held not to have terminated by operation of law or otherwise on January 30, 1980, but shall be deemed to be in full force and effect as having been capable of producing oil or gas prior to the expiration date of the lease and the term of said lease shall be extended from that date forward for so long after the date of enactment of this Act as oil or gas is produced in paying quantities. The lessee shall be granted six months to install production equipment and facilities on said lease: Provided, That within thirty days jafter the receipt of written notice from the Secretary of the Interior the lessee shall tender payment of back rentals at the rate of not less than $5 per acre per year. Notice shall be given by the Secretary within thirty days after the effective date of this Act. The Secretary shall include in the reinstated lease a future rental requirement of not less than $5 per acre per year and a future royalty rate requirement of not less than 16% per centum: Provided, however. That except as specifically modified herein as to such lease, all other provisions of the 30 USC 181 note. Mineral Lands Leasing Act of 1920, as amended, shall be applicable as to such lease. Approved October 4, 1984.

LEGISLATIVE HISTORY—S. 1770: SENATE REPORT No. 98-540 (Comm. on Energy and Natural Resources). CONGRESSIONAL RECORD, Vol. 130 (1984): Aug. 9, considered and passed Senate. Sept. 24, considered and passed House.

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