boundary of the Uintah and Ouray Indian Reservation in 
the State of Utah so as to authorize such State to ex-
change certain mineral lands for other lands mineral in 
character’’ approved August 9, 1955, (69 Stat. 544), is 
further amended by adding at the end the following: 
‘‘SEC. 5. In order to further clarify authorizations 
under this Act, the State of Utah is hereby authorized to 
relinquish to the United States, for the benefit of the Ute 
Indian Tribe of the Uintah and Ouray Reservation, State 
school trust or other State-owned subsurface mineral 
lands located beneath the surface estate delineated in Pub-
lic Law 440 (approved March 11, 1948) and south of the 
border between Grand County, Utah, and Uintah County, 
Utah, and select in lieu of such relinquished lands, on an 
acre-for-acre basis, any subsurface mineral lands of the 
United States located beneath the surface estate delin-
eated in Public Law 440 (approved March 11, 1948) and 
north of the border between Grand County, Utah, and 
Uintah County, Utah, subject to the following conditions: 
‘‘(1) RESERVATION BY UNITED STATES.—The 
Secretary of the Interior shall reserve an overriding 
interest in that portion of the mineral estate com-
prised of minerals subject to leasing under the Min-
eral Leasing Act (30 U.S.C. 171 et seq) in any min-
eral lands conveyed to the State. 
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‘‘(2) EXTENT OF OVERRIDING INTEREST.—The 
overriding interest reserved by the United States 
under paragraph (1) shall consist of— 
‘‘(A) 50 percent of any bonus bid or other 
payment received by the State as consideration 
for securing any lease or authorization to de-
velop such mineral resources; 
‘‘(B) 50 percent of any rental or other 
payments received by the State as consideration 
for the lease or authorization to develop such 
mineral resources; 
‘‘(C) a 6.25 percent overriding royalty on 
the gross proceeds of oil and gas production 
under any lease or authorization to develop 
such oil and gas resources; and 
‘‘(D) an overriding royalty on the gross 
proceeds of production of such minerals other 
than oil and gas, equal to 50 percent of the roy-
alty rate established by the Secretary of the In-
terior by regulation as of October 1, 2011. 
‘‘(3) RESERVATION BY STATE OF UTAH.—The 
State of Utah shall reserve, for the benefit of its 
State school trust, an overriding interest in that por-
tion of the mineral estate comprised of minerals sub-
ject to leasing under the Mineral Leasing Act (30 
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U.S.C. 181 et seq) in any mineral lands relinquished 
by the State to the United States. 
‘‘(4) EXTENT OF OVERRIDING INTEREST.—The 
overriding interest reserved by the State under para-
graph (3) shall consist of— 
‘‘(A) 50 percent of any bonus bid or other 
payment received by the United States as con-
sideration for securing any lease or authoriza-
tion to develop such mineral resources on the 
relinquished lands; 
‘‘(B) 50 percent of any rental or other 
payments received by the United States as con-
sideration for the lease or authorization to de-
velop such mineral resources; 
‘‘(C) a 6.25 percent overriding royalty on 
the gross proceeds of oil and gas production 
under any lease or authorization to develop 
such oil and gas resources; and 
‘‘(D) an overriding royalty on the gross 
proceeds of production of such minerals other 
than oil and gas, equal to 50 percent of the roy-
alty rate established by the Secretary of the In-
terior by regulation as of October 1, 2011. 
‘‘(5) NO OBLIGATION TO LEASE.—Neither the 
United States nor the State shall be obligated to 
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lease or otherwise develop oil and gas resources in 
which the other party retains an overriding interest 
under this section. 
‘‘(6) COOPERATIVE
AGREEMENTS.—The Sec-
retary of the Interior is authorized to enter into co-
operative agreements with the State and the Ute In-
dian Tribe of the Uintah and Ouray Reservation to 
facilitate the relinquishment and selection of lands 
to be conveyed under this section, and the adminis-
tration of the overriding interests reserved here-
under. 
‘‘(7) TERMINATION.—The overriding interest 
reserved by the Secretary of the Interior under para-
graph (1), and the overriding interest reserved by 
the State under paragraph (3), shall automatically 
terminate 30 years after the date of enactment of 
this section.’’. 
Æ 
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