To allow the refurbishment and operation of a small hydroelectric facility in central Montana by adjusting the amount of charges to be paid to the United States under the Federal Power Act, and for other purposes.

Instructs the Federal Energy Regulatory Commission to: (1) extend the preliminary permit for a specified small hydroelectric facility in central Montana for a period of three years from its current expiration; and (2) reinstate the preliminary permit for a period of three years at the permittee's request if such permit has expired.

Declares that any political subdivision of the State of Montana which holds a Federal Power Act license in Granite and Deer Lodge Counties, Montana, shall be required to pay the lesser of $25,000 or such annual charge for the use of its lands as any Federal department or agency may assess, as long as such political subdivision continues to hold the project license.