An amendment to incorporate language into the bill providing additional guidance to the Mineral Management Service (MMS) in conducting the case-by-case reviews required under the bill by directing the MMS to value gas by using a "highest reasonable value" standard as well as certain criteria derived from existing MMS regulations, which require consideration of factors such as average market prices, posted prices, and the actual sale price.

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Amendment Number
480
Description
An amendment to incorporate language into the bill providing additional guidance to the Mineral Management Service (MMS) in conducting the case-by-case reviews required under the bill by directing the MMS to value gas by using a "highest reasonable value" standard as well as certain criteria derived from existing MMS regulations, which require consideration of factors such as average market prices, posted prices, and the actual sale price.
Congress
100
Type
HAMDT
Latest Action Date
Nov 3, 1987
Latest Action Text
Amendment Passed in Committee of the Whole by Voice Vote.
Submitted Date
Nov 3, 1987
Chamber
House of Representatives
Update Date
Aug 14, 2021
Amendment 480 — Informed