Volume 62
Public Law 80–356
To amend the Act entitled “An Act to promote the mining of potash on the public domain”, approved February 7, 1927, so as to provide for the disposition of the rentals and royalties from leases issued or renewed under the Act entitled “An Act to authorize exploration for and disposition of potassium”, approved October 2, 1917.
Approved June 1, 1948
Statutory text
AN ACT
To amend the Act entitled “An Act to promote the mining of potash on the public domain”, approved February 7, 1927, so as to provide for the disposition of the rentals and royalties from leases issued or renewed under the Act entitled “An Act to authorize exploration for and disposition of potassium”, approved October 2, 1917.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That section 6 of the Act entitled “An Act to promote the mining of potash on the public domain”, approved February 7, 1927, is amended by adding at the
end thereof the following new sentence:
“All money received from royalties and rentals from any lease issued
Royalties and rentals.
or renewed under the provisions of the Act entitled ‘An Act to authorize exploration for and disposition of potassium’, approved October 2, 1917, shall be paid into, reserved, and appropriated as follows:
52½ per centum to the Reclamation Fund, 10 per centum to the Treasury of the United States as miscellaneous receipts, and 37½ per centum shall be paid by the Secretary of the Treasury, after the expiration of each fiscal year, to the State within the boundaries of which the leased lands or deposits are or were located, such money to be used by such State or subdivision thereof for the construction and maintenance of public roads or for the support of schools or other public educational institutions, as the legislature of the State may direct.”
Approved June 1, 1948.