PUEBLO OF ACOMA; LAND AND MINERAL CONSOLIDATION.

SEC. 123. PUEBLO OF ACOMA; LAND AND MINERAL CONSOLIDATION.(a) Definition of Bidding or Royalty Credit.—The term “bidding or royalty credit” means a legal instrument or other written documentation, or an entry in an account managed by the Secretary, that may be used in lieu of any other monetary payment for—(1) a bonus bid for a lease sale on the outer Continental Shelf; or (2) a royalty due on oil or gas production;for any lease located on the outer Continental Shelf outside the zone defined and governed by section 8(g)(2) of the Outer Continental Shelf Lands Act (43 U.S.C. 1337(g)(2)).(b) Authority.—Notwithstanding any other provision of law, the Secretary may acquire any nontribal interest in or to land (including an interest in mineral or other surface or subsurface rights) within the boundaries of the Acoma Indian Reservation for the purpose of carrying out Public Law 107–138 (116 Stat. 6) by issuing bidding or royalty credits under this section in an amount equal to the value of the interest acquired by the Secretary, as determined under section 1(a) of Public Law 107–138 (116 Stat. 6).(c) Use of Bidding and Royalty Credits.—On issuance by the Secretary of a bidding or royalty credit under subsection (b), the bidding or royalty credit—(1) may be freely transferred to any other person (except that, before any such transfer, the transferor shall notify the Secretary of the transfer by such method as the Secretary may specify); and118 STAT. 546(2) shall remain available for use by any person during the 5-year period beginning on the date of issuance by the Secretary of the bidding or royalty credit.