108th CONGRESS
1st Session
H. R. 313
To modify requirements relating to allocation of interest that accrues
to the Abandoned Mine Reclamation Fund.
IN THE HOUSE OF REPRESENTATIVES
January 8, 2003
Mr. RAHALL (for himself and Mr. NEY) introduced the following bill; which
was referred to the Committee on Resources
A BILL
To modify requirements relating to allocation of interest that accrues
to the Abandoned Mine Reclamation Fund.
Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Coal Accountability and Retired Employee Act
for the 21st Century'.
SEC. 2. TREATMENT OF ABANDONED MINE RECLAMATION FUND INTEREST.
(a) IN GENERAL- Notwithstanding any other provision of law, any interest credited
to the fund established by section 401 of the Surface Mining Control and Reclamation
Act of 1977 (30 U.S.C. 1231) shall be transferred to the Combined Fund identified
in section 402(h)(2) of such Act (30 U.S.C. 1232(h)(2)), up to such amount
as is estimated by the trustees of such Combined Fund to offset the amount
of any deficit in net assets in the Combined Fund.
(b) PROHIBITION ON OTHER TRANSFERS- Except as provided in subsection (a),
no principal amounts in or credited to the fund established by section 401
of the Surface Mining Control and Reclamation Act of 1977 (30 U.S.C. 1231)
may be transferred to the Combine Fund identified in section 402(h)(2) of
such Act (30 U.S.C. 1232(h)(2)).
END
