Sec. 113. Adjustments and refunds
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Section 111A of the Federal Oil and Gas Royalty Management Act of 1982 ( 30 U.S.C. 1721a ) is amended— in subsection (a)(3), by inserting
(A)after
(3), and by striking the last sentence and inserting the following: Except as provided in subparagraph (C), no adjustment may be made with respect to an obligation that is the subject of an audit or compliance review after completion of the audit or compliance review, respectively, unless such adjustment is approved by the Secretary or the applicable delegated State, as appropriate. If an overpayment is identified during an audit, the Secretary shall allow a credit in the amount of the overpayment. ; in subsection (a)(4)— by striking six-year and inserting four-year ; and by striking shall the first time such term appears and inserting may ; and in subsection (b)(1) by striking and after the semicolon at the end of subparagraph (C), by striking the period at the end of subparagraph
(D)and inserting ; and , and by adding at the end the following: is made within the adjustment period for that obligation. .
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Sec. 113
Adjustments and refunds
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