This bill addresses the exchange of mineral interests in Montana involving the federal government, the Crow Tribe of Montana, and a private party.
Specifically, the bill requires
the Department of the Interior to accept the relinquishment of a specified federal coal lease associated with the Bull Mountains Mine near Roundup, Montana (the current operator of the mine is Signal Peak Energy);
the Joe and Barbara Hope Mineral Trust (Hope Family Trust) to convey approximately 4,660 acres of subsurface mineral interests located within the boundaries of the Crow Indian Reservation in Big Horn County, Montana, to the tribe; and
Interior to convey approximately 4,530 acres of subsurface mineral interests and 940 acres of surface interests located in Musselshell County, Montana, to the Hope Family Trust.
Prior to these conveyances, the tribe must notify Interior that the tribe and the Hope Family Trust have agreed on a revenue-sharing formula for the development of the mineral and surface interests in Musselshell County, Montana.
The mineral interests conveyed by the Hope Family Trust to the tribe shall be held in trust by the United States for the benefit of the tribe, upon the tribe's request. These mineral interests shall not be subject to state or local taxation.
