Ute Economic Opportunity Act of 1999

[AI summary unavailable — showing source text] Ute Economic Opportunity Act of 1999 - Amends the Strom Thurmond National Defense Authorization Act for Fiscal Year 1999 to direct the Secretary of Energy to administer Oil Share Reserve Number 2. Requires the Secretary to enter into: (1) a cooperative management and resource assessment agreement with the Ute Indian Tribe of the Uintah and Ouray Reservation for the management, administration, and development of the Reserve; and (2) an oil and gas lease with such Tribe to explore, prospect, conserve, develop, use, operate, market, and sell the petroleum of such Reserve. Allows the Secretary to enter into agreements with such Tribe with respect to minerals other than petroleum and other commodities. Provides funding. Waives requirements of presidential and congressional approval and consultation prior to contracting for an oil shale reserve with respect to the agreement, assessment, or administration required under this Act.…