Amending the Outer Continental Shelf Lands Act with repect to procedures for the cancellation of leases.
Offshore Lease Buyback Act of 1990 - Amends the Outer Continental Shelf Lands Act to provide that compensation a lessee is entitled to receive as a result of a lease cancellation may be made in the form of a credit bonus, rent, royalty, or permit fee payments.
Introduced in House
Introduced in House
Referred to the House Committee on Interior and Insular Affairs.
Referred to the Subcommittee on Water, Power and Offshore Energy Resources.
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