SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Fort Reno Mineral Leasing Act''.

SEC. 2. DEFINITIONS.

    In this Act:
            (1) Board of regents.--The term ``Board of Regents'' means 
        the Board of Regents of the University of Oklahoma.
            (2) Fort reno historic district.--The term ``Fort Reno 
        Historic District'' means the former military installation at 
        El Reno, Oklahoma, as depicted on the map, that--
                    (A) includes land and facilities listed on the 
                National Register of Historic Places in June 1970; and
                    (B) is administered by the Secretary as part of the 
                Fort Reno Management Area.
            (3) Fort reno management area.--The term ``Fort Reno 
        Management Area'' means the approximately 6,737 acres of 
        Federal land, including Fort Reno and the Park, as depicted on 
        the map.
            (4) Fund.--The term ``Fund'' means the Fort Reno Management 
        Fund established by section 4(a).
            (5) Map.--The term ``map'' means the map entitled ``Fort 
        Reno Management Area'' and dated September 2005.
            (6) Park.--The term ``Park'' means the approximately 24.3 
        acres of land in the State of Oklahoma known as the ``Fort Reno 
        Science Park'', as generally depicted on the map.
            (7) Park instrument.--
                    (A) In general.--The term ``Park instrument'' means 
                an instrument covering an agreement between the 
                Department of Agriculture and the Board of Regents 
                relating to the use of the Park.
                    (B) Inclusions.--The term ``Park instrument'' 
                includes--
                            (i) the master memorandum of understanding, 
                        dated August 19, 1998;
                            (ii) the supplements numbered 1 and 2, 
                        dated January 19, 1999;
                            (iii) the easement, dated January 19, 1999;
                            (iv) the amended easement deed, dated 
                        February 24, 2004;
                            (v) a special warranty deed, dated May 29, 
                        2001; and
                            (vi) a memorandum of agreement, dated 
                        February 24, 2004.
            (8) Secretary.--The term ``Secretary'' means the Secretary 
        of the Interior.

SEC. 3. FORT RENO MANAGEMENT AREA.

    (a) Authorization by Congress Required for Declaration as Excess or 
Surplus Property or Conveyance.--Notwithstanding any other provision of 
law, the Fort Reno Management Area, without specific authorization by 
Congress, shall not, in whole or part--
            (1) be declared to be excess or surplus Federal property 
        under subtitle I of title 40, United States Code;
            (2) be conveyed; or
            (3) be transferred to the administrative jurisdiction of 
        any other Federal agency.
    (b) Mineral Leasing.--
            (1) In general.--Notwithstanding the provisions of the 
        first section of the Mineral Leasing Act of 1920 (30 U.S.C. 
        181) excluding Federal land in incorporated cities from mineral 
        leasing, the Secretary may provide for mineral leasing at the 
        Fort Reno Management Area in accordance with that Act, subject 
        to such terms and conditions as the Secretary of Agriculture 
        determines to be appropriate to preserve and protect historic 
        properties and ongoing and prospective research activities.
            (2) Environmental analyses.--After the date of enactment of 
        this Act, no further administrative or environmental analyses 
        shall be required for the leasing and development of minerals 
        at the Fort Reno Management Area.
    (c) Availability of Map.--The map shall be on file and available 
for public inspection in--
            (1) the office of the Administrator of the Agricultural 
        Research Center; and
            (2) the office of the Director of the Grazinglands Research 
        Laboratory in El Reno, Oklahoma.
    (d) Effect.--Nothing in this section precludes the Secretary of 
Agriculture from granting utilities or access easements for, or issuing 
temporary permits for the use of, the Fort Reno Management Area.

SEC. 4. FORT RENO MANAGEMENT FUND.

    (a) Establishment.--There is established in the Treasury of the 
United States a revolving fund, to be known as the ``Fort Reno 
Management Fund'', consisting of--
            (1) such amounts as are appropriated to the Fund under 
        subsection (b);
            (2) such amounts as are deposited under section 6(b)(1)(B); 
        and
            (3) any interest earned on investment of amounts in the 
        Fund under subsection (d).
    (b) Transfers to Fund.--Notwithstanding section 35 of the Mineral 
Leasing Act (30 U.S.C. 191), there are appropriated to the Fund amounts 
equivalent to amounts received in the Treasury as proceeds from the 
leasing of mineral resources at the Fort Reno Management Area under 
section 3(b).
    (c) Expenditures From Fund.--
            (1) In general.--On request by the Secretary of 
        Agriculture, the Secretary of the Treasury shall transfer from 
        the Fund to the Administrator of the Agricultural Research 
        Service--
                    (A) such amounts as the Administrator determines 
                are necessary, but not more than a total of 
                $22,000,000, to provide, with respect to the Fort Reno 
                Historic District--
                            (i) the restoration, maintenance, and 
                        management of historic buildings and 
                        facilities;
                            (ii) the interpretation, education, and 
                        visitor services and related activities in 
                        connection with historic buildings and 
                        facilities;
                            (iii) the provision and maintenance of 
                        facilities for utilities, waste management, 
                        streets, visitor parking, and other 
                        improvements necessary or desirable for 
                        providing public and administrative services; 
                        and
                            (iv) to reimburse the Secretary for the 
                        costs of administering a mineral leasing 
                        program for the Fort Reno Management Area under 
                        section 3(b).
                    (B) not more than $250,000 for each fiscal year, as 
                adjusted under paragraph (4), to be deposited in a 
                repair and maintenance fund established by the 
                Secretary of Agriculture for the Fort Reno Historic 
                District.
            (2) Reduction of national debt.--Any amounts remaining in 
        the Fund after the transfers are made under subparagraphs (A) 
        and (B) of paragraph (1) shall be used to reduce the debt of 
        the United States.
            (3) Consultation.--In making expenditures from the Fund 
        under clauses (i), (ii), and (iii) of paragraph (1)(A), the 
        Administrator of the Agricultural Research Service shall 
        consult with--
                    (A) Historic Fort Reno, Inc., (or any successors or 
                assigns); and
                    (B) the Oklahoma State Historic Preservation 
                Officer.
            (4) Inflation adjustment.--For each fiscal year, the amount 
        specified in paragraph (1)(B) shall be increased by 4 percent.
    (d) Investment of Amounts.--
            (1) In general.--The Secretary of the Treasury shall invest 
        such portion of the Fund as is not, in the judgment of the 
        Secretary of the Treasury, required to meet current 
        withdrawals.
            (2) Interest-bearing obligations.--Investments may be made 
        only in interest-bearing obligations of the United States.
            (3) Acquisition of obligations.--For the purpose of 
        investments under paragraph (1), obligations may be acquired--
                    (A) on original issue at the issue price; or
                    (B) by purchase of outstanding obligations at the 
                market price.
            (4) Sale of obligations.--Any obligation acquired by the 
        Fund may be sold by the Secretary of the Treasury at the market 
        price.
            (5) Credits to fund.--The interest on, and the proceeds 
        from the sale or redemption of, any obligations held in the 
        Fund shall be credited to and form a part of the Fund.
    (e) Transfers of Amounts.--
            (1) In general.--The amounts required to be transferred to 
        the Fund under this section shall be transferred at least 
        monthly from the general fund of the Treasury to the Fund on 
        the basis of estimates made by the Secretary of the Treasury.
            (2) Adjustments.--Proper adjustment shall be made in 
        amounts subsequently transferred to the extent prior estimates 
        were in excess of or less than the amounts required to be 
        transferred.

SEC. 5. RATIFICATION OF FORT RENO SCIENCE PARK INSTRUMENT.

    (a) In General.--The Park instrument is ratified.
    (b) Amendments.--The Park instrument may only be amended or revoked 
if the parties to the Park instrument agree to the amendment or 
revocation.

SEC. 6. LEASING AUTHORITY.

    (a) In General.--The Secretary of Agriculture may--
            (1) lease to any person or entity any property at the Fort 
        Reno Management Area, subject to any terms and conditions that 
        the Secretary of Agriculture determines to be in the public 
        interest;
            (2)(A) if the Board of Regents agrees to the conversion, 
        convert to a lease, for no additional consideration, the 
        easements to the Park referred to in section 2(5)(B); and
            (B) extend the lease converted under subparagraph (A), 
        subject to any terms and conditions that the Secretary of 
        Agriculture and the Board of Regents agree to, including terms 
        and conditions that provide that--
                    (i) the initial term of the lease shall expire on 
                February 3, 2049; and
                    (ii) the lease may be renewable for additional 20-
                year terms.
    (b) Special Terms and Conditions.--
            (1) Consideration.--
                    (A) In general.--Subject to any terms and 
                conditions that the parties to the lease agree to, 
                consideration for a lease under subsection (a)(1) may 
                be in the form of--
                            (i) conveyance to the Secretary of 
                        Agriculture of title to any non-Federal 
                        structures of, or improvements to, the Fort 
                        Reno Management Area;
                            (ii) repairs or renovations to structures 
                        of, or improvements to, the Fort Reno 
                        Management Area, that are conducted before or 
                        after the lease is entered into;
                            (iii) cash; or
                            (iv) a combination of any of the forms of 
                        consideration described in clauses (i) through 
                        (iii).
                    (B) Disposition in fund.--Any amount received as 
                consideration for a lease under subparagraph (A) shall 
                be deposited in the Fund.
            (2) Term.--
                    (A) In general.--Except as provided in subsection 
                (a)(2)(B) and subparagraph (B), the term of any lease 
                shall be for not more than 20 years.
                    (B) Renewal.--Notwithstanding subparagraph (A), a 
                lease may be renewed at the option of the parties, 
                subject to any terms and conditions that--
                            (i) the Secretary of Agriculture determines 
                        to be in the public interest; and
                            (ii) are agreed to by the parties to the 
                        lease.

SEC. 7. EFFECT.

    (a) In General.--Nothing in this Act limits or modifies the 
authority of the Secretary of Agriculture--
            (1) to conduct research activities at the Fort Reno 
        Management Area; or
            (2) to manage the Federal land under the jurisdiction of 
        the Secretary of Agriculture for research purposes.
    (b) Grazinglands Research Laboratory.--Designation of the Federal 
land at El Reno, Oklahoma, as the Fort Reno Management Area does not 
affect the name or operations of the Grazinglands Research Laboratory.
Fort Reno Mineral Leasing Act - Requires a specific authorization by Congress as prerequisite to the Fort Reno Management Area being: (1) declared to be excess or surplus federal property; (2) conveyed; or (3) transferred to the administrative jurisdiction of any other federal agency.

Authorizes the Secretary of the Interior to provide for mineral leasing at the Fort Reno Management Area.

States that no further administrative or environmental analyses shall be required for the leasing and development of minerals at the Fort Reno Management Area after enactment of this Act.

Establishes the Fort Reno Management Fund as a revolving fund in the Treasury. Transfers to it proceeds received in the Treasury from the leasing of mineral resources at the Fort Reno Management Area.

Requires the Administrator of the Agricultural Research Service, when making expenditures from the Fund, to consult with the Historic Fort Reno, Inc., and the Oklahoma State Historic Preservation Officer.

 Ratifies the Fort Reno Science Park Instrument.

Sets forth the leasing authority of the Secretary of Agriculture with regard to the Area, including lease conversion and extension.
A bill to authorize the Secretary of the Interior to lease oil and gas resources underlying Fort Reno, Oklahoma, to establish the Fort Reno Management Fund, and for other purposes.