Sec. 403. Hardrock mineral licensing
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/bill/118/s/879/is/section-403·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Outer Continental Shelf Lands Act ( 43 U.S.C. 1331 et seq. ) is amended by adding at the end the following: The Secretary may grant noncompetitive licenses for the exploration and mining of hardrock minerals on the outer Continental Shelf. The royalty rate for hardrock minerals extracted pursuant to a license under subsection
(a)shall be a royalty rate determined by the Secretary through regulations issued not more than 2 years after the date of enactment of the Energy Freedom Act , which may include a royalty rate of 0 percent if the Secretary finds that such a royalty rate is necessary to ensure competition. . Section 2 of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1331 ) is amended in the second subsection
(r)(relating to the term “State”) by striking “(r) The term ‘State’” and inserting the following: The term State .
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Sec. 403
Hardrock mineral licensing
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