Federal Oil and Gas Lease Management Improvement Act of 1999

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: State Option to Regulate Oil and Gas Lease Operations on Federal Land Title II: Use of Cost Savings From State Regulation Title III: Streamlining and Cost Reduction Title IV: Federal Royalty Certainty Title V: Royalty Reinvestment in America Federal Oil and Gas Lease Management Improvement Act of 1999 - Title I: State Option to Regulate Oil and Gas Lease Operations on Federal Lands - Authorizes a State to notify the Secretary of the Interior of its intent to accept authority for oil and gas lease operations on Federal lands within such State. Transfers such authority by operation of law from the Bureau of Land Management (BLM) to a State six months after the Secretary receives the State's notice. Title II: Use of Cost Savings from State Regulation - Instructs the Secretary to compensate any State for costs incurred to implement the transferred authorities. (Sec. 202) Amends the Mineral Leasing Act to direct the Secretary to exclude from the 50 percent deduction from oil, gas, and geothermal revenues, with respect to calculation of specified Federal payments to States, the costs of preparing resource management planning documents and analyses for areas in…