[Federal Register: April 16, 1999 (Volume 64, Number 73)]
[Notices]               
[Page 18934]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr16ap99-108]

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DEPARTMENT OF THE INTERIOR

Minerals Management Service

 
Royalty Computation of Phosphate Production on Western Public 
Lands; Correction

AGENCY: Minerals Management Service, Interior.

ACTION: Notice; correction.

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SUMMARY: The Minerals Management Service is making two corrections to a 
final notice published in the Federal Register on March 26, 1999. The 
final notice provides a new method of determining the value of 
production used to compute royalties on phosphate ore produced from 
Federal leases on western public lands. The corrections to this final 
notice are to add a table that was omitted and to clarify the 
implementation date of this notice.

FOR FURTHER INFORMATION CONTACT: Herbert B. Wincentsen, Chief, Solid 
Minerals Valuation and Reporting Branch, Minerals Management Service, 
PO Box 25165, MS 3153, Denver, Colorado 80225-0165, telephone (303) 
275-7210.

SUPPLEMENTARY INFORMATION: MMS published a notice in the Federal 
Register on March 26, 1999 (64 FR 14751), in which Table 2 was 
inadvertently omitted. This document adds Table 2 to the notice.
    For further clarity, this document also changes the implementation 
date to the first full month following the effective date of this final 
notice.

Correction

    In FR Doc. 99-7394 published March 26, 1999, on page 14753, in 
third column, insert the following table after the words ``Table 2 
shows the new weighted composite index methodology and the computation 
of the index unit value:''

                      Table 2.--Composite Index Methodology for Federal Phosphate Valuation
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                                                    Phosphatic
              Year                   Minerals       fertilizer       USGS rock       Composite      Index unit
                                   mining index        index        price index        index           value
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Weight Factor (percent).........           50              25              25     ..............  ..............
Base Year 1987..................           96.40          110.90           75.96           94.92          0.5038
1997............................          107.60          140.60           92.94          112.39  ..............
1998............................  ..............  ..............  ..............  ..............          0.5965
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    In FR Doc. 99-7394 published March 26, 1999, on page 14753, in 
second column, correct the title and paragraph beginning with 
``Phosphate Unit Value from April 26, 1999'' to read:

Phosphate Unit Value From May 1, 1999

    Use the new methodology Unit Value ($0.5965/Unit) for production 
occurring on or after May 1, 1999, until August 1, 1999. No production 
month will have more than one Unit Value under this implementation 
strategy.

    Dated: April 9, 1999.
R. Dale Fazio,
Acting Associate Director for Royalty Management.
[FR Doc. 99-9507 Filed 4-15-99; 8:45 am]
BILLING CODE 4310-MR-P