30 U.S.C. § 360 : US Code - Section 360: Authority to manage certain mineral leases

Search 30 U.S.C. § 360 : US Code - Section 360: Authority to manage certain mineral leases

Each department, agency and instrumentality of the United States
which administers lands acquired by the United States with one or
more existing mineral lease shall transfer to the Secretary of the
Interior the authority to administer such lease and to collect all
receipts due and payable to the United States under the lease. In
the case of lands acquired on or before October 24, 1992, the
authority to administer the leases and collect receipts shall be
transferred to the Secretary of the Interior as expeditiously as
practicable after October 24, 1992. In the case of lands acquired
after October 24, 1992, such authority shall be vested with the
Secretary at the time of acquisition. The provisions of section 355
of this title shall apply to all receipts derived from such leases
where such receipts are due and payable to the United States under
the lease in the same manner as such provisions apply to receipts
derived from leases issued under the authority of this chapter. For
purposes of this section, the term "existing mineral lease" means
any lease in existence at the time land is acquired by the United
States. Nothing in this section shall be construed to affect the
existing surface management authority of any Federal agency.