76
STAT.]
943
PUBLIC LAW 87-822-OCT. 15, 1962
SEC. 2. (a) All laws or parts of laws in conflict with any provision of this Act are hereby repealed. (b) The amendments made to the Act of August 3, 1956 (70 Stat. 1028; D.C. Code, secs. 21-214 et seq.), by the first section of this Act shall not affect any right or liability under such Act of August 3, 1956, existing on December 31, 1962. (c) Nothing herein shall be deemed to repeal or modify the Internal Revenue Code of 1954, as amended, and the District of Columbia Income and Franchise Tax Act of 1947, as amended. SEC. 3. This Act shall take effect January 1, 1963. Approved October 15, 1962.
Repeal.
26 USC 1 et seq. 61 Stat. 328. D. C. Code 1-1 to 1-4.
Public Law 87-822 AN ACT To amend the Mineral Leasing Act of February 25, 1920.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 31 of the Mineral Leasing Act of February 25, 1920 (41 Stat. 450), as amended (30 U.S.C. 188), is further amended by designating the first paragraph thereof as subsection " (a) ", the second paragraph as subsection " (b) ", and adding two new subsections to read as follows: "(c) Where any lease has been terminated automatically by operation of law under this section for failure to pay rental timely and it is shown to the satisfaction of the Secretary of the Interior that the failure to pay timely the lease rental was justifiable or not due to a lack of reasonable diligence, he in his judgment may reinstate the lease subject to the following conditions: "(1) A petition for reinstatement, together with the required rental, for any lease (a) terminated prior to the effective date of this Act must be filed with the Secretary of the Interior within one hundred and eighty days after the effective date of this Act; "(2) No valid lease has been issued affecting any of the lands in the terminated lease prior to the filing of the petition for reinstatement. " (d) Where, in the judgment of the Secretary of the Interior, drilling operations were being diligently conducted on the last day of the {)rimary term of the lease, and, except for nonpayment of rental, the essee would have been entitled to extension of his lease, pursuant to section 4(d) of the Act of September 2, 1960 (74 Stat. 790), the Secretary of the Interior may reinstate such lease notwithstanding the failure of the lessee to have made payment of the next year's rental, provided the conditions of subparagraphs (1) and (2) of section (c) are satisfied." SEC. 2. Nothing in this Act shall be construed as limiting the authority of the Secretary of the Interior to issue, during the periods in which petitions for reinstatement may be filed, oil and gas leases for any of the lands affected. Approved October 15, 1962.
October 15, 1962 [H. R. 11049]
Mineral Leasing Act, amendment. 60 Stat. 956.
Oil and gas l e a s e s, reinstatement.
30 USC 226-1.
�
