To amend the Mineral Leasing Act to provide for the payment of bonus payments of certain coal leases issued under that Act.

This legislative proposal seeks to modify the existing Mineral Leasing Act by introducing a specific payment schedule for bonus payments associated with certain coal leases. The amendment, targeting Section 2(a) of the Act, establishes a system for deferred bonus payments. Under this new provision, bonus payments for applicable coal leases will be divided into 10 equal annual installments . A crucial requirement is that the initial installment must accompany the bid submitted for the lease. This change aims to standardize and structure the payment process for these particular coal lease bonuses.