Royalty In-Kind for Energy Assistance Improvement Act of 2007
Last action on Mar 5, 2007Referred to the Subcommittee on Energy and Mineral Resour...
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Summary
Royalty In-Kind for Energy Assistance Improvement Act of 2007 - Amends the Energy Policy Act of 2005, with respect to federal low-income energy assistance programs, to authorize the Secretary of Energy to sell at a discounted price any royalty oil or gas taken in-kind.
Requires the discounted price to be at least 50% of the fair market value of the oil or gas.
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