Consumer Coal Royalty Rate Amendment Act of 1989 - Amends the Mineral Leasing Act to reduce the statutory minimum ad valorem royalty rate on coal purchase contracts entered into prior to March 1, 1989, from 12 1/2 percent to six percent of the value of coal. Exempts coal leases of Indian tribal or allotted lands from such royalty reduction. Permits the Secretary of the Interior to determine a lesser rate for coal from underground mining operations.
Introduced in House
Introduced in House
Referred to the House Committee on Interior and Insular Affairs.
Referred to the Subcommittee on Mining and Natural Resources.
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