Royalties under Mineral Leasing Act

(a) Coal leases Section 7(a) of the Mineral Leasing Act (30 U.S.C. 207(a)) is amended in the fourth sentence by striking 12 1/2 per centum and inserting 18 3/4 percent. (b) Leases on land on which oil or natural gas is discovered Section 14 of the Mineral Leasing Act (30 U.S.C. 223) is amended in the fourth sentence by striking 12 1/2 per centum and inserting 18 3/4 percent. (c) Leases on land known or believed To contain oil or natural gas Section 17 of the Mineral Leasing Act (30 U.S.C. 226) is amended— (1) in subsection (b)— (A) in paragraph (1)(A), in the fifth sentence, by striking 16 2/3 percent each place it appears and inserting 18 3/4 percent; and (B) in paragraph (2)(A)(ii), by striking 16 2/3 per centum and inserting not less than 18 3/4 percent; (2) in subsection (l), by striking 16 2/3 per centum each place it appears and inserting 18 3/4 percent; and (3) in subsection (n)(1)(C), by striking 16 2/3 per centum and inserting not less than 18 3/4 percent.