WASHINGTON -- Environmental groups and mining interests are awaiting a House vote, which could come as early as today, on a budget reconciliation bill that would allow the sale of federal land for mining claims.
Environmentalists are yelling "land grab" over the plan, which would lift an 11-year-old ban on sales of federal land with mineral deposits. The House Resources Committee insists it is just a long overdue update of an 1872 mining law that will help taxpayers get a better return on land bought by mining companies.
The proposal requires mining-land buyers to pay $1,000 or fair market value, which ever is greater, for patenting and purchasing land with mining claims. The 1872 rates of $2.50 to $5 an acre are still in place, along with the 1994 ban. The proposal lifts that ban and changes the selling price.
Rep. Jim Gibbons, R-Nev., who supports the proposal, successfully added the fair market value or whichever is greater element to the proposal to ensure that sales do not cheat taxpayers out of land-sale money for acres valued above $1,000.
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