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RED-75-272 1 (1974-09-19)

handle is hein.gao/gaobaaavt0001 and id is 1 raw text is: House of Representatives LM06732o Dear Mr. Vanik: In response to your letter of March 27, 1974, and agreements with your office, we are furnishing you with certain information 1relating to the Department of the interior's leasing oft min-rals ' 9. n pubi I ds Teiform-tion pertains to (1) whether there are statutory guidelines to force the DepartMent to tighten up on the prelIPse evaluation process and (2) noniccmpetitive leasing of minerais on public lands. In an August 12, 1974, letter (B-164613), w'e ansiered your -usion en tre advantages and disadvantages of arending the Rene- gotiation Board's authority to require reexamination of sales and leases of public lands after the fact. PRELEASE EVALUATION PROCESS The public land mineral leasing laws and regulations do not con- tain specific provisions requiring prelease evaluation for mineral leases. Office of k: anagzent and Budget Circular N-o. A-25, requires the Dpartment to obtain fair arket value in leasing Fed- eral resources, which is fhe reason for prelease evaluations. The Mineral Lands Leasing Act (30 U.S.C. 181) and the appli- cable regulations (43 CFR 3100 and 3500) a ethorize and govern leasing of onshore public lands for production of such inerals as coal, oil, gas, and oil shale. The Outer Continental Shelf Lands Acn (A3 U.S.C. 1331 and the (pplica-ble relulatizns (43 CFR 3300) autr,ize and govern offshore IC3sirig Of su t-, rcej lands for producton of oil, sas, sulfur, and other dainerals. tse Rene and regulatins do not require prelease evaluation of sinerals in publiT lands offered for cal petitive mineral leasins. Circular ,'o. A-25, issued in furthErance of 31 U.S.C. 483a, requires iasihe federallr tmeed resources at fair marKet valve by applrLc;, o ic s hund business mrana fenr priciples d, so far as practical .nea Lfeasible, ing ccr3ance UitC c1wP)rdte cor,,ercial practices. Circular No. A-25 is a directive to Federal agencies -' - 7 - t2 %B T bjNENT AVAILABLE

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