Sec. 114. noncompetitive oil and gas lease royalty rates
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## Sec. 114 noncompetitive oil and gas lease royalty rates The Secretary is directed to conduct a thorough study of the effects of a change in the royalty rate under section 17(c) of the Mineral Leasing Act of 1920 on:
(a)the exploration, development, or production of oil or gas; and
(b)the overall revenues generated by such change. Such study shall be completed and submitted to Congress within six months after the date of enactment of this Act.