Sec. 3. Reconstitution of the royalty policy
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Not later than 90 days after the date of enactment of this Act, the Secretary shall reestablish the Royalty Policy Committee in accordance with the charter of the Secretary dated March 26, 2010, except as otherwise provided in this Act. In reestablishing the Committee, the Secretary shall make appropriate technical corrections and updates to the charter of the Committee, including by revising— all references to the Minerals Management Service or the Minerals Revenue Management so as to refer to the Office of Natural Resources Revenue; the estimated number and frequency of meetings of the Committee so that the Committee shall meet not less frequently than once each year; and the non-Federal membership of the Committee to include— not fewer than 5 members representing Governors of States that 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.
The Secretary shall establish a subcommittee of the Committee, to be known as the State and Tribal Resources Board . The Board shall be comprised of the non-Federal members of the Committee described in subsection (b)(3).
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