Sec. 102. Lease sales
223 words·~1 min read·
/bill/113/hr/787/ih/section-102A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as provided in paragraph (2), not later than 30 days after the date of enactment of this Act and every 270 days thereafter, the Secretary of the Interior (referred to in this section as the Secretary ) shall conduct a lease sale in each outer Continental Shelf planning area for which the Secretary determines that there is a commercial interest in purchasing Federal oil and gas leases for production on the outer Continental Shelf. If the Secretary determines that there is not a commercial interest in purchasing Federal oil and gas leases for production on the outer Continental Shelf in a planning area under this subsection, not later than 2 years after the date of enactment of the determination and every 2 years thereafter, the Secretary shall— determine whether there is a commercial interest in purchasing Federal oil and gas leases for production on the outer Continental Shelf in the planning area; and if the Secretary determines that there is a commercial interest described in subparagraph (A), conduct a lease sale in the planning area.
The Secretary may conduct commercial lease sales of resources owned by the United States— to produce renewable energy (as defined in section 203(b) of the Energy Policy Act of 2005 ( 42 U.S.C. 15852(b) )); or to cultivate marine organisms in the natural habitat of the organisms.
Connectionstraces to 1
Traces to 1 document
U.S. Code