Mineral rights to be taken into trust

(a) Completion of mineral conveyances Not later than 60 days after the date of enactment of this Act, in a single transaction— (1) notwithstanding any other provision of law, including sections 3480.0–6(d)(8) and 3452.1 through 3452.1–3 of title 43, Code of Federal Regulations (or successor regulations), if the Lessee offers to relinquish the Bull Mountains Lease, the Secretary shall accept the relinquishment; (2) the Hope Family Trust shall convey to the Tribe all right, title, and interest in and to the mineral interests in the Hope Family Tracts; and (3) subject to valid existing rights, and on relinquishment of the Bull Mountains Lease, the Secretary shall convey to the Hope Family Trust all right, title, and interest of the United States in and to the mineral interests and surface land in the Bull Mountains Tracts. (b) Trust status On the request of the Tribe, the mineral interests conveyed to the Tribe under subsection (a)(2) shall be held in trust by the United States for the benefit of the Tribe. (c) No State taxation The mineral interests conveyed to the Tribe under subsection (a)(2) shall not be subject to taxation by the State (including any political subdivision of the State). (d) Revenue sharing agreement Before the conveyances under subsection (a), the Tribe shall notify the Secretary, in writing, that the Tribe and the Hope Family Trust have agreed on a formula for sharing revenue from development of the mineral and surface interests described in subsection (a)(3) if those mineral or surface interests are developed at a later date. (e) Withdrawal prior to exchange Subject to valid existing rights, pending the conveyances under paragraphs (2) and (3) of subsection (a), the tracts conveyed under those paragraphs shall be withdrawn from— (1) all forms of entry, appropriation, and disposal under the public land laws; (2) location, entry, and patent under the mining laws; and (3) operation of the mineral leasing, mineral materials, and geothermal leasing laws.

(a) Completion of mineral conveyances Not later than 60 days after the date of enactment of this Act, in a single transaction— (1) notwithstanding any other provision of law, including sections 3480.0–6(d)(8) and 3452.1 through 3452.1–3 of title 43, Code of Federal Regulations (or successor regulations), if the Lessee offers to relinquish the Bull Mountains Lease, the Secretary shall accept the relinquishment; (2) the Hope Family Trust shall convey to the Tribe all right, title, and interest in and to the mineral interests in the Hope Family Tracts; and (3) subject to valid existing rights, and on relinquishment of the Bull Mountains Lease, the Secretary shall convey to the Hope Family Trust all right, title, and interest of the United States in and to the mineral interests in the Bull Mountains Mineral Tracts. (b) Trust status On the request of the Tribe, the mineral interests conveyed to the Tribe under subsection (a)(2) shall be held in trust by the United States for the benefit of the Tribe. (c) No State taxation The mineral interests conveyed to the Tribe under subsection (a)(2) shall not be subject to taxation by the State (including any political subdivision of the State). (d) Revenue sharing agreement Before the conveyances under subsection (a), the Tribe shall notify the Secretary, in writing, that the Tribe and the Hope Family Trust have agreed on a formula for sharing revenue from development of the mineral interests described in subsection (a)(3) if those mineral interests are developed at a later date. (e) Withdrawal prior to exchange Subject to valid existing rights, pending the conveyances under paragraphs (2) and (3) of subsection (a), the tracts conveyed under those paragraphs shall be withdrawn from— (1) all forms of entry, appropriation, and disposal under the public land laws; (2) location, entry, and patent under the mining laws; and (3) operation of the mineral leasing, mineral materials, and geothermal leasing laws.