,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #eagf  ,,in ,,the ,,house ,,of  
,,representatives  ,july #bc1 #bjad ,mr4
 ,ben ,ray ,lujn of ,new ,mexico 7for   
himself and ,mrs4 ,lummis7 introduced   
the following bill2 which was referred  
to the ,committee on ,natural ,resources
  ,a ,,bill  ,to authorize the          
,secretary of the ,interior to retire   
coal preference right lease applications
 for which the ,secretary has made an   
affirmative commercial quantities       
determination1 and for other purposes4  
#a4 ,exchange of coal preference right  
lease applications  7a7 ,in general ,the
 ,secretary of the ,interior may retire 
any coal preference right lease         
application for which the ,secretary has
 made an affirmative commercial         
quantities determination1 by issuing    
bidding rights in exchange for          
relinquishment of the coal preference   
right lease application1 including1     
notwithstanding any other provision of  
law1 payment to the relevant ,state of  

#ej percent of the dollar amount of any 
bidding right subsequently used in lieu 
of any monetary payment of a bonus in a 
coal lease sale or of rental or royalty 
under a ,federal coal lease4  7b7       
,source of payments ,the ,secretary     
shall make payments under subsection 7a7
 from monies that would otherwise be    
deposited to miscellaneous receipts     
under section #ce7;a7 of the ,mineral   
,leasing ,act 7#cj ,u4,s4,c4 #aia7;a77  
from revenues received under that       
section under ,federal mineral leases4  
7c7 ,treatment of payments ,a payment to
 a ,state under this section shall be   
treated for all purposes as if it were a
 payment under section #ce7;a7 of the   
,mineral ,leasing ,act 7#cj ,u4,s4,c4   
#aia7;a774  7d7 ,transferability2       
limitation  7#a7 ,transferability ,a    
bidding right issued under this section 
shall be fully transferable to any other
 person4  7#b7 ,notification of         
secretary ,a person who transfers such a
 bidding right shall notify the         

,secretary of the transfer by any method
 determined to be appropriate by the    
,secretary4  7#c7 ,effective period     
7,a7 ,in general ,a bidding right issued
 under this section shall terminate upon
 the expiration of the #e-year period   
beginning on the date it is issued4     
7,b7 ,tolling of period ,such #e-year   
period shall be tolled during any period
 in which exercise of the bidding right 
is precluded by temporary injunctive    
relief granted under1 or administrative1
 legislative1 or judicial suspension of1
 the ,federal coal leasing program4  7e7
 ,bidding right defined ,in this section
 the term bidding right means an        
appropriate legal instrument or other   
written documentation1 including an     
entry in an account managed by the      
,secretary1 issued or created under part
 #cdce of title #dc1 ,code of ,federal  
,regulations1 that may be used--  7#a7  
in lieu of a monetary payment for a     
bonus bid for a coal lease sale under   
the ,mineral ,leasing ,act 7#cj         

,u4,s4,c4 #aha et seq172 or  7#b7 as a  
monetary credit against any rental or   
royalty payments due under any ,federal 
coal lease4