Geothermal Cost-Recovery Authority Act of 2024
What changed between versions
A sunset provision was added limiting the cost-recovery authority to the period from enactment through September 30, 2031. The original version had no expiration date.
New paragraph (3) allows the Secretary to reduce the reimbursement amount if full reimbursement would impose an economic hardship on the applicant or if less than full reimbursement is necessary to promote the greatest use of geothermal resources.
New paragraph (4) requires that reimbursed amounts be credited as discretionary offsetting collections and made available only for processing geothermal lease applications and inspecting/monitoring geothermal activities, subject to appropriations Acts.
A new Section 3 requires the Secretary of the Interior to submit a report to Congress within 5 years of enactment assessing how the cost-recovery amendments affected BLM's geothermal program, with recommendations for reauthorization and updates. The report must be made publicly available on the DOI website.