Sec. 350. COMBINED HYDROCARBON LEASING
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## SEC. 350 COMBINED HYDROCARBON LEASING ###
(a)Special Provisions Regarding Leasing Section 17(b)(2) of the Mineral Leasing Act (30 U.S.C. 226(b)(2)) is amended— ####
(1)by inserting “(A)” after “(2)”; and ####
(2)by adding at the end the following: > > ##### “(B) > > For any area that contains any combination of tar sand and oil or gas (or both), the Secretary may issue under this Act, separately— > > > ###### “(i) > > a lease for exploration for and extraction of tar sand; and > > > ###### “(ii) > > a lease for exploration for and development of oil and gas. > > > ##### “(C) > > A lease issued for tar sand shall be issued using the same bidding process, annual rental, and posting period as a lease issued for oil and gas, except that the minimum acceptable bid required for a lease issued for tar sand shall be $2 per acre. > > > ##### “(D) > > The Secretary may waive, suspend, or alter any requirement under section 26 that a permittee under a permit authorizing prospecting for tar sand must exercise due diligence, to promote any resource covered by a combined hydrocarbon lease.” > . ###
(b)Conforming Amendment Section 17(b)(1)(B) of the Mineral Leasing Act (30 U.S.C. 226(b)(1)(B)) is amended in the second sentence by inserting “, subject to paragraph (2)(B),” after “Secretary”. ###
(c)Regulations Not later than 45 days after the date of enactment of this Act, the Secretary shall issue final regulations to implement this section.
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Sec. 350
COMBINED HYDROCARBON LEASING
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