Mineral Materials Contracts Termination Act

Bill: 114-s-154
Sponsor: full_name: Sen. Heinrich, Martin [D-NM]
Introduced: 2015-01-13
Policy area: Public Lands and Natural Resources
Subjects: Mining

Public contracts and procurement
Latest action: action_date: 2015-01-13
text: Read twice and referred to the Committee on Energy and Natural Resources.

Summaries:
action_date: 2015-01-13
action_desc: Introduced in Senate
text: <p><b>Mineral Materials Contracts Termination Act </b></p> <p> Amends the Materials Act of 1947 to authorize the Secretary of the Interior to terminate a mineral materials contract and to return to the contract holder any bid deposit and performance bond paid to the Bureau of Land Management if the contract holder submits a request to terminate the contract before production is initiated and before any surface disturbance has occurred.</p> <p>States that the contract holder's acceptance of the amount returned by the Secretary to terminate the contract constitutes: (1) full and final settlement of the contract, and (2) an agreement not to bring a civil action against the United States with respect to it.</p>

tv_txt: II 114th CONGRESS 1st Session S. 154 IN THE SENATE OF THE UNITED STATES January 13, 2015 Mr. Heinrich introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To amend the Act of July 31, 1947, to provide for the termination of certain mineral materials contracts.

1. Short title This Act may be cited as the Mineral Materials Contracts Termination Act . 2. Termination of certain mineral contracts Section 2 of the Act of July 31, 1947 (commonly known as the Materials Act of 1947 ) ( 30 U.S.C. 602 ) is amended by adding at the end the following: (b) Termination of contract (1) In general If the holder of a valid mineral materials contract entered into under this Act (referred to in this subsection as the contract ) submits to the Secretary a request to terminate the contract before production is initiated under the contract and before any surface disturbance has occurred under the contract, the Secretary may— (A) terminate the contract; and (B) return to the contract holder any bid deposit and performance bond paid by the contract holder to the Bureau of Land Management under the contract. (2) Acceptance of payment Acceptance of an amount returned under paragraph (1)(B) by the contract holder shall constitute— (A) a full and final settlement of the contract; and (B) an agreement on the part of the contract holder not to bring a civil action against the United States with respect to the contract. .