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Wyoming sponsor tells panel 10-year bonus payment would spur coal leasing and steady school funding
Summary
Representative Hageman and Wyoming officials said H.R. 7872, which would stretch federal coal bonus-bid payments from five years to ten, would lower upfront capital barriers for coal projects, encourage competitive bidding and stabilize state school-construction revenues.
Representative Hageman and Wyoming energy officials told the House Subcommittee that updating the federal coal bonus-bid payment schedule would make new federal coal leasing more attractive to bidders and stabilize state revenue streams that support K–12 capital projects.
Hageman, sponsor of H.R. 7872, said the current five-year installment structure forces companies to pay large upfront sums well before a mine produces revenue, a mismatch that can deter bidders given…
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