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SEC. 5509. REPEALS.
(a) FOGRMA.—Section 307 of the Federal Oil and
Gas Royalty Management Act of 1982 (30 U.S.C. 1755),
is repealed. Section 1 of such Act (relating to the table of
contents) is amended by striking out the item relating to
section 307.
(b) OCSLA.—Effective on the date of the enactment
of this Act, section 10 of the Outer Continental Shelf Lands
Act (43 U.S.C. 1339) is repealed.
SEC. 5510. PERFORMANCE STANDARD.
Section 109 of the Federal Oil and Gas Royalty Man-
agement Act of 1982 (30 U.S.C. 1719) is amended in sub-
sections (c) and (d), by striking ‘‘knowingly or willfully’’
and inserting ‘‘by willful misconduct or gross negligence’’
each place it appears.
SEC. 5511. INDIAN LANDS.
The amendments made by this subtitle shall not apply
with respect to Indian lands, and the provisions of the Fed-
eral Oil and Gas Royalty Management Act of 1982 as in
effect on the day before the date of enactment of this Act
shall continue to apply after such date with respect to In-
dian lands. The provisions of the Federal Oil and Gas Roy-
alty Management Act of 1982, as amended by this subtitle,
shall apply as of the date of enactment with respect to Fed-
eral lands and the Outer Continental Shelf.
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SEC. 5512. PRIVATE LANDS.
This subtitle shall not apply to any privately owned
minerals.
SEC. 5513. EFFECTIVE DATE.
Except as provided by section 115(e), section 111(h),
section 111(k)(5), and section 116 of the Federal Oil and
Gas Royalty Management Act of 1982 (as added by this
subtitle), this subtitle, and the amendments made by this
subtitle, shall apply with respect to the production of oil
and gas after the first day of the month following the date
of the enactment of this Act.
Subtitle G—Department of Energy
SEC. 5600. SALE OF DOE ASSETS.
(a) IN GENERAL.—
(1) In order to maximize the use of Department
of Energy assets and to reduce overhead and other
costs related to asset management at the Department’s
facilities and laboratories, the Secretary of Energy
shall conduct an asset management and disposition
program that will result in no less than $225 million
in receipts and savings by October 1, 2000.
(2) The program shall include an inventory of
assets in the care of the Department and its contrac-
tors; the recovery, reuse, and stewardship of assets;
and disposition of a minimum of 1,139,000,000
pounds of fuel, 136,000 tons of chemicals and indus-
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trial gases, 557,000 tons of scrap metal, 14,000 radi-
ation sources, 17,000 pieces of major equipment,
11,000 pounds of precious metals (not including the
Research 
Materials 
Collection), 
and 
91,000,000
pounds of base metals.
(b) EXEMPTIONS.—The disposition of assets under this
section is not subject to sections 202 and 203 of the Federal
Property and Administrative Services Act of 1949 (40
U.S.C. secs. 483 and 484) or section 13 of the Surplus Prop-
erty Act of 1944 (50 U.S.C. App. sec. 1622). In order to
avoid market disruptions, the Secretary shall consult with
appropriate executive agencies with respect to dispositions
under this section.
(c) DISPOSITION OF PROCEEDS.—After deduction of
administrative costs of disposition under this section not
to exceed $7 million per year, the remainder of the proceeds
from dispositions under this section shall be returned to the
Treasury as miscellaneous receipts. There shall be estab-
lished a new receipt account in the Treasury for proceeds
of asset sales under this section.
SEC. 5651. WEEKS ISLAND.
Notwithstanding section 161 of the Energy Policy and
Conservation Act, the Secretary of Energy shall draw down
and sell 32 million barrels of oil contained in the Weeks
Island Strategic Petroleum Reserve Facility.
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SEC. 5652. LEASE OF EXCESS SPRO CAPACITY.
The Energy Policy and Conservation Act (42 U.S.C.
6201 to 6422) is amended by adding the following new sec-
tion after section 167:
‘‘SEC. 168. USE OF UNDERUTILIZED FACILITIES.
‘‘(a) Notwithstanding any other provision of this title,
the Secretary, by lease or otherwise, for any term and under
such other conditions as the Secretary considers necessary
or appropriate, may store in underutilized Strategic Petro-
leum Reserve facilities petroleum product owned by a for-
eign government or its representative.
‘‘(b) Petroleum product stored under this section is not
part of the Reserve and may be exported from the United
States.’’.
‘‘(c) Beginning in fiscal year 2001 and in each fiscal
year thereafter, except for fiscal years 2003 and 2004, 50
percent of the funds resulting from the leasing of Strategic
Petroleum Reserve facilities authorized by subsection (a)
shall be available to the Secretary of Energy without further
appropriation for the purchase of oil for the Strategic Pe-
troleum Reserve.’’.
Subtitle H—Mining
SEC. 5700. SHORT TITLE.
This subtitle may be cited as ‘‘The Mining Law Reve-
nue Act of 1995’’.
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SEC. 5701. DEFINITIONS.
When used in this subtitle:
(1) ‘‘Assessment year’’ means the annual period
commencing at 12 o’clock noon on the 1st day of Sep-
tember and ending at 12 o’clock noon on the 1st day
of September of the following year.
(2) ‘‘Federal lands’’ means lands and interests in
lands owned by the United States that are open to
mineral location, or that were open to mineral loca-
tion when a mining claim or site was located and
which have not been patented under the general min-
ing laws.
(3) ‘‘General mining laws’’ means those Acts
which generally comprise chapters 2, 11, 12, 12A, 15,
and 16, and sections 161 and 162, of Title 30 of the
United States Code, all Acts heretofore enacted which
are amendatory of or supplementary to any of the
foregoing Acts, and the judicial and administrative
decisions interpreting such Acts.
(4) ‘‘Locatable minerals’’ means those minerals
owned by the United States and subject to location
and disposition under the general mining laws on or
after the effective date of this Subtitle, but not includ-
ing any mineral held in trust by the United States
for any Indian or Indian tribe, as defined in section
2 of the Indian Mineral Development Act of 1982 (25
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U.S.C. 2101), or any mineral owned by any Indian
or Indian tribe, as defined in that section, that is
subject to a restriction against alienation imposed by
the United States, or any mineral owned by any in-
corporated Native group, village corporation, or re-
gional corporation and acquired by the group or cor-
poration under the provisions of the Alaska Native
Claims Settlement Act (43 U.S.C. 1601 et seq.).
(5) ‘‘Mineral activities’’ means any activity on
Federal lands related to, or incidental to, exploration
for or development, mining, production, beneficiation,
or processing of any locatable mineral, or reclamation
of the impacts of such activities.
(6) ‘‘Mining claim or site’’, except where pro-
vided otherwise, means a lode mining claim, placer
mining claim, mill site or tunnel site.
(7) ‘‘Operator’’ means any person conducting
mineral activities subject to this Subtitle.
(8) ‘‘Person’’ means an individual, Indian tribe,
partnership, association, society, joint venture, joint
stock company, firm, company, limited liability com-
pany, corporation, cooperative or other organization,
and any instrumentality of State or local govern-
ment, including any publicly owned utility or pub-
licly owned corporation of State or local government.
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consider royalty reduction effective during the
phase-in periods under paragraph (8). For pur-
poses of this initial application, ‘‘Projected Reve-
nues’’ shall be calculated using the operator’s
current and projected rates of production at the
average price for the preceding 12 months.
(B) DEFINITION.—For purposes of an ap-
plication under subparagraph (A)—
(i) ‘‘Projected Revenues’’ shall be the
net present value of the expected revenues
for the remaining reasonable life of the op-
eration calculated using the average min-
eral price received for the preceding 12
month calendar year.
(ii) ‘‘Costs of Production’’ shall mean
the net present value of the following costs
based on the expected rate of production for
the remaining reasonable life of the oper-
ation—
(I) the projected cost of extracting
the locatable mineral;
(II) the projected cost of trans-
porting the locatable mineral to the
place 
or 
places 
of 
reduction,
beneficiation, refining and sale;