sited or designed so as to avoid unnecessary duplication 
of roads and pipelines. 
(c) REGULATIONS.—The Secretary shall include in 
regulations under section 2(g) provisions granting rights- 
of-way and easements described in subsection (a) of this 
section. 
SEC. 230. CONVEYANCE. 
In order to maximize Federal revenues by removing 
clouds on title to lands and clarifying land ownership pat-
terns within the Coastal Plain, the Secretary, notwith-
standing section 1302(h)(2) of the Alaska National Inter-
est Lands Conservation Act (16 U.S.C. 3192(h)(2)), shall 
convey— 
(1) to the Kaktovik Inupiat Corporation the 
surface estate of the lands described in paragraph 1 
of Public Land Order 6959, to the extent necessary 
to fulfill the Corporation’s entitlement under sec-
tions 12 and 14 of the Alaska Native Claims Settle-
ment Act (43 U.S.C. 1611 and 1613) in accordance 
with the terms and conditions of the Agreement be-
tween the Department of the Interior, the United 
States Fish and Wildlife Service, the Bureau of 
Land Management, and the Kaktovik Inupiat Cor-
poration effective January 22, 1993; and 
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(2) to the Arctic Slope Regional Corporation 
the remaining subsurface estate to which it is enti-
tled pursuant to the August 9, 1983, agreement be-
tween the Arctic Slope Regional Corporation and the 
United States of America. 
SEC. 231. LOCAL GOVERNMENT IMPACT AID AND COMMU-
NITY SERVICE ASSISTANCE. 
(a) FINANCIAL ASSISTANCE AUTHORIZED.— 
(1) IN
GENERAL.—The Secretary may use 
amounts available from the Coastal Plain Local Gov-
ernment Impact Aid Assistance Fund established by 
subsection (d) to provide timely financial assistance 
to entities that are eligible under paragraph (2) and 
that are directly impacted by the exploration for or 
production of oil and gas on the Coastal Plain under 
this subtitle. 
(2) ELIGIBLE
ENTITIES.—The North Slope 
Borough, the City of Kaktovik, and any other bor-
ough, municipal subdivision, village, or other com-
munity in the State of Alaska that is directly im-
pacted by exploration for, or the production of, oil 
or gas on the Coastal Plain under this Act, as deter-
mined by the Secretary, shall be eligible for financial 
assistance under this section. 
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(b) USE
OF
ASSISTANCE.—Financial assistance 
under this section may be used only for— 
(1) planning for mitigation of the potential ef-
fects of oil and gas exploration and development on 
environmental, social, cultural, recreational, and sub-
sistence values; 
(2) implementing mitigation plans and main-
taining mitigation projects; 
(3) developing, carrying out, and maintaining 
projects and programs that provide new or expanded 
public facilities and services to address needs and 
problems associated with such effects, including fire- 
fighting, police, water, waste treatment, medivac, 
and medical services; and 
(4) establishment of a coordination office, by 
the North Slope Borough, in the City of Kaktovik, 
which shall— 
(A) coordinate with and advise developers 
on local conditions, impact, and history of the 
areas utilized for development; and 
(B) provide to the Committee on Natural 
Resources of the House of Representatives and 
the Committee on Energy and Natural Re-
sources of the Senate an annual report on the 
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status of coordination between developers and 
the communities affected by development. 
(c) APPLICATION.— 
(1) IN GENERAL.—Any community that is eligi-
ble for assistance under this section may submit an 
application for such assistance to the Secretary, in 
such form and under such procedures as the Sec-
retary may prescribe by regulation. 
(2) NORTH SLOPE BOROUGH COMMUNITIES.—A 
community located in the North Slope Borough may 
apply for assistance under this section either directly 
to the Secretary or through the North Slope Bor-
ough 
(3) APPLICATION ASSISTANCE.—The Secretary 
shall work closely with and assist the North Slope 
Borough and other communities eligible for assist-
ance under this section in developing and submitting 
applications for assistance under this section. 
Subtitle C—Nuclear Energy 
SEC. 241. SHORT TITLE. 
This subtitle may be cited as the ‘‘Declaring a 
Change in our Operating System for the Promotion of Nu-
clear Energy Act’’. 
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SEC. 242. HEARINGS UNDER ATOMIC ENERGY ACT OF 1954. 
(a) Section 189 a.(1)(A) of the Atomic Energy Act 
of 1954 (42 U.S.C. 2239(a)(1)(A)) is amended by— 
(1) in the second sentence— 
(A) deleting that portion of the sentence 
that begins with ‘‘The Commission’’ and ends 
with ‘‘Federal Register, on’’ and inserting 
‘‘On’’; 
(B) inserting ‘‘or an operating license’’ 
after ‘‘construction permit’’ each time ‘‘con-
struction permit’’ is used in the sentence; and 
(C) deleting the period at the end of the 
sentence; and 
(2) in the third sentence— 
(A) deleting that portion of the sentence 
that beings with ‘‘In cases’’ and ends with 
‘‘such a hearing’’; 
(B) deleting ‘‘therefor’’ and inserting ‘‘for 
a hearing’’; and 
(C) deleting ‘‘issue an operating license’’ 
and inserting ‘‘issue a construction permit, an 
operating license,’’. 
(b) Section 189 of the Atomic Energy Act of 1954 
(42 U.S.C. 2239) is further amended by— 
(1) in the second sentence of subsection 
a.(2)(A) (42 U.S.C. 2239(a)(2)(A)), deleting ‘‘re-
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quired hearing’’ and inserting ‘‘hearing held by the 
Commission under this section’’; and 
(2) in subsection b. (42 U.S.C. 2239(b)), revis-
ing paragraph (2) by deleting ‘‘to begin operating’’ 
and inserting ‘‘to operate’’. 
(c) The first sentence of subsection b. of section 185 
of the Atomic Energy Act of 1954 (42 U.S.C. 2235(b)) 
is amended by deleting ‘‘After holding a public hearing 
under section 189 a.(1)(A),’’ and inserting ‘‘After holding 
a hearing under section 189 a.(1)(A), or if the Commis-
sion has determined that no hearing is required to be held 
under section 189 a.(1)(A),’’. 
(d) Section 193(b) of the Atomic Energy Act of 1954 
(42 U.S.C. 2243(b)) is amended by— 
(1) in paragraph (1), deleting ‘‘on the record 
with regard to the licensing of the construction and 
operation of a uranium enrichment facility under 
sections 53 and 63’’ and inserting ‘‘, if a person 
whose interest may be affected by the construction 
and operation of a uranium enrichment facility 
under sections 53 and 63 has requested a hearing 
regarding the licensing of the construction and oper-
ation of the facility’’; and 
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‘‘(i) a commercial-scale project that 
converts coal to one or more liquid or gas-
eous transportation fuels; or 
‘‘(ii) not more than one project at a 
facility that converts petroleum refinery 
waste products, including petroleum coke, 
into one or more liquids or gaseous trans-
portation fuels, 
that demonstrates the capture, and sequestra-
tion or disposal or use of, the carbon dioxide 
produced in the conversion process, and that, 
on the basis of a carbon dioxide sequestration 
plan prepared by the applicant, is certified by 
the Administrator of the Environmental Protec-
tion Agency, in consultation with the Secretary, 
as producing fuel with life cycle carbon dioxide 
emissions at or below the average life cycle car-
bon dioxide emissions for the same type of fuel 
produced at traditional petroleum based facili-
ties with similar annual capacities. 
‘‘(H) STANDBY
LOAN
AGREEMENT.—The 
term ‘standby loan agreement’ means a loan 
agreement entered into under paragraph (2). 
‘‘(2) STANDBY LOANS.— 
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‘‘(A) LOAN
AUTHORITY.—The Secretary 
may enter into standby loan agreements with 
not more than six qualifying CTL projects, at 
least one of which shall be a project jointly or 
in part owned by two or more small coal pro-
ducers. Such an agreement— 
‘‘(i) shall provide that the Secretary 
will make a direct loan (within the mean-
ing of section 502(1) of the Federal Credit 
Reform Act of 1990) to the qualifying 
CTL project; and 
‘‘(ii) shall set a cap price and a min-
imum price for the primary term of the 
agreement. 
‘‘(B) LOAN DISBURSEMENTS.—Such a loan 
shall be disbursed during the primary term of 
such agreement whenever the market price falls 
below the minimum price. The amount of such 
disbursements in any calendar quarter shall be 
equal to the excess of the minimum price over 
the market price, times the output of the 
project (but not more than a total level of dis-
bursements specified in the agreement). 
‘‘(C) LOAN REPAYMENTS.—The Secretary 
shall establish terms and conditions, including 
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interest rates and amortization schedules, for 
the repayment of such loan within the full term 
of the agreement, subject to the following limi-
tations: 
‘‘(i) If in any calendar quarter during 
the primary term of the agreement the 
market price is less than the cap price, the 
project may elect to defer some or all of its 
repayment obligations due in that quarter. 
Any unpaid obligations will continue to ac-
crue interest. 
‘‘(ii) If in any calendar quarter during 
the primary term of the agreement the 
market price is greater than the cap price, 
the project shall meet its scheduled repay-
ment obligation plus deferred repayment 
obligations, but shall not be required to 
pay in that quarter an amount that is 
more than the excess of the market price 
over the cap price, times the output of the 
project. 
‘‘(iii) At the end of the primary term 
of the agreement, the cumulative amount 
of any deferred repayment obligations, to-
gether with accrued interest, shall be am-
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ortized (with interest) over the remainder 
of the full term of the agreement. 
‘‘(3) PROFIT-SHARING.—The Secretary is au-
thorized to enter into a profit-sharing agreement 
with the project at the time the standby loan agree-
ment is executed. Under such an agreement, if the 
market price exceeds the cap price in a calendar 
quarter, a profit-sharing payment shall be made for 
that quarter, in an amount equal to— 
‘‘(A) the excess of the market price over 
the cap price, times the output of the project; 
less 
‘‘(B) any loan repayments made for the 
calendar quarter. 
‘‘(4) COMPLIANCE WITH FEDERAL CREDIT RE-
FORM ACT.— 
‘‘(A) UPFRONT
PAYMENT
OF
COST
OF 
LOAN.—No standby loan agreement may be en-
tered into under this subsection unless the 
project makes a payment to the United States 
that the Office of Management and Budget de-
termines is equal to the cost of such loan (de-
termined under 502(5)(B) of the Federal Credit 
Reform Act of 1990). Such payment shall be 
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made at the time the standby loan agreement is 
executed. 
‘‘(B) MINIMIZATION OF RISK TO THE GOV-
ERNMENT.—In making the determination of the 
cost of the loan for purposes of setting the pay-
ment for a standby loan under subparagraph 
(A), the Secretary and the Office of Manage-
ment and Budget shall take into consideration 
the extent to which the minimum price and the 
cap price reflect historical patterns of volatility 
in actual oil prices relative to projections of fu-
ture oil prices, based upon publicly available 
data from the Energy Information Administra-
tion, and employing statistical methods and 
analyses that are appropriate for the analysis of 
volatility in energy prices. 
‘‘(C) TREATMENT
OF
PAYMENTS.—The 
value to the United States of a payment under 
subparagraph (A) and any profit-sharing pay-
ments under paragraph (3) shall be taken into 
account for purposes of section 502(5)(B)(iii) of 
the Federal Credit Reform Act of 1990 in de-
termining the cost to the Federal Government 
of a standby loan made under this subsection. 
If a standby loan has no cost to the Federal 
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