A bill to amend section 317(c)(1) of the Federal Land Policy and Management Act of 1976 to conform the interest rate therein to the yield on certain tax exempt bonds, and for other purposes.

Changes the interest rate of loans made to States and localities to alleviate the economic and social impacts of mineral development and leasing activities under the Federal Land Policy and Management Act of 1976 from three percent to a rate comparable to that paid by State and local governments on their tax-exempt bonds.