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121737 1 (1983-06-07)

handle is hein.gao/gaobactbw0001 and id is 1 raw text is: 
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                                           1A) 73  7

UNITED STATES GENERAL ACCOUNTING OFFICE
        WASHINGTON, D.C.  20548



                         For Release at 9:15 a.m.
                         June 7, 1983


                           STATEMENT OF                    11111 DIII H II
                    J. DEXTER  PEACH, DIRECTOR               121737
                RESOURCES, COMMUNITY  AND ECONOMIC
                      DEVELOPMENT  DIVISION
                           BEFORE THE
           SUBCOMMITTEE ON MINING,  FOREST MANAGEMENT,
              AND BONNEVILLE POWER ADMINISTRATION,
         HOUSE COMMITTEE ON INTERIOR AND  INSULAR AFFAIRS


Mr. Chairman and Members of the Subcommittee:


     We appreciate the opportunity  to be here today to discuss
the implications of our recent report entitled  Analysis of the
Powder River Basin Federal Coal Lease Sale:   Economic Valuation
Improvements and Legislative Changes Needed  (GAO/RCED-83-119).


     Our report raises--on the one hand--some  serious questions
regarding Interior actions related to the  sale and the reasoning
behind them.  On the other hand,  it recognizes that Interior
faces the very difficult task of trying to  sell--competi-
tively--leases many of which are attractive only  to adjacent
mining operations and of little interest to the  rest of the
industry.  Thus, our message is that several  features of the
Department's program need revision, but, to make  Interior's task
practicable, congressional action is also needed.


     Our objective today, rather than restating the various
specific findings in our report--which have been well publicized


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