H.R. 1305 · 110th Congress
Royalty In-Kind for Energy Assistance Improvement Act of 2007
- Stage
- In committee
- Sponsor
- Mark Udall
- Introduced
- 2007-03-01
- Latest action
- 2007-03-05 · Referred to the Subcommittee on Energy and Mineral Resources.
Summary
Royalty In-Kind for Energy Assistance Improvement Act of 2007 - Amends the Energy Policy Act of 2005, with respect to federal low-income energy assistance programs, to authorize the Secretary of Energy to sell at a discounted price any royalty oil or gas taken in-kind.
Requires the discounted price to be at least 50% of the fair market value of the oil or gas.