Sec. 2. Reconstitution of the Royalty Policy Committee
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The Secretary of the Interior shall, by not later than 90 days after the date of the enactment of this Act, reconstitute the Royalty Policy Committee as last chartered on March 26, 2010, except as otherwise provided in this Act. In reconstituting the Committee, the Secretary shall make appropriate technical corrections and updates to the charter of the Committee, including the following: Revision of all references to the Minerals Management Service or Minerals Revenue Management so as to refer to the Office of Natural Resources Revenue.
Revision of the estimated number and frequency of meetings of the Committee to not less than once each year. Revision of the non-Federal members of the Committee to include— not fewer than 5 members representing Governors of States that each receive more than $10,000,000 annually in royalty revenues from Federal leases; and not more than 5 members representing Indian tribes that are mineral-producing Indian tribes under— the Act of May 11, 1938 (commonly known as the Indian Mineral Leasing Act of 1938 ) ( 25 U.S.C. 396a et seq. ); title XXVI of the Energy Policy Act of 1992 ( 25 U.S.C. 3501 et seq. ); the Indian Mineral Development Act of 1982 ( 25 U.S.C. 2101 et seq. ); or any other law relating to mineral development that is specific to one or more Indian tribes.
Creation of a subcommittee of the Committee to be known as the State and Tribal Resources Board, comprised of designees of States’ Governors and tribes participating as non-Federal members of the reconstituted Committee.
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