H.R.5887 - Soledad Canyon Mine Act

To provide to the Secretary of Interior a mechanism to cancel contracts for the sale of materials CA-20139 and CA-22901, and for other purposes. view all titles (2)

All Bill Titles

  • Short: Soledad Canyon Mine Act as introduced.
  • Official: To provide to the Secretary of Interior a mechanism to cancel contracts for the sale of materials CA-20139 and CA-22901, and for other purposes. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
04/24/08
 
 
 
 
 
 
 

Official Summary

Soledad Canyon Mine Act - Instructs the Secretary of the Interior to cancel Bureau of Land Management mineral contracts CA-20139 and CA-22901 and withdraw from further mineral entry the areas subject to them, which are located in Soledad Canyon adjacent to Santa Clarita, California.Requires

Official Summary

Soledad Canyon Mine Act - Instructs the Secretary of the Interior to cancel Bureau of Land Management mineral contracts CA-20139 and CA-22901 and withdraw from further mineral entry the areas subject to them, which are located in Soledad Canyon adjacent to Santa Clarita, California.Requires Transit Mixed Concrete Corporation to receive, as compensation for cancellation of the contracts, their fair market value and its expenditures and covered liabilities in trying to bring the contracts into commercial production.Increases the adjusted basis of the contracts upon cancellation for federal tax purposes.Directs the Secretary, before any disposition of land, mineral or surface estate for any area located in the city of Victorville, California, to:
(1) consult with the city and surface owners; and
(2) prohibit mining in such area.

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