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B-211306 1 (1984-04-09)

handle is hein.gao/gaobadlqh0001 and id is 1 raw text is: THE COMPTROLLER GENERAL t~ DECISION .-OP THE UNITEO STATES Z~II~WASHINGTON. O.C. 2048 NLE: B-211306 DATE: April 9, 1984 MATTER OF: Monetary credits under the Cranberry Wilderness Act DIGEST: 1. Monetary credits issued pursuant to section 4(c)(2)(B) of the Cranberry Wilderness Act, Public Law 97-466, are not restricted to use in West Virginia. 2. Monetary credits issued pursuant to section 4(c)(2)(B) of the Cranberry Wilderness Act are not limited to use against payments on mineral, oil, or gas leases. 3. There is no indication in the Cranberry Wilderness Act or its legislative history- that Congress intended to limit the use of monetary credits to payments into the Treasury on behalf of the Department of the Interior. 4. Monetary credits issued under the Cranberry Wilderness Act are to be applied against the Federal Government's share of payments made pursuant to section 35 of the Mineral Lands Leasing Act of 1920, as amended, 30 U.S.C. S 191. Congress did not intend to reduce the States' share of section 35 payments. 5. Monetary credits issued under the Cranberry Wilderness Act are not limited to transfer in total from one party to another. 6. The Cranberry Wilderness Act does not authorize the Bureau of Land Management to increase the value of monetary credits which cannot be used until several years after their issuance through: (a) the payment of interest, (b) the discounting of the debt liquidated with the monetary credits, or (c) the payment of a premium to compensate for inflation between the date the credit is issued and the date on which it is redeemed.

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