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A. The Osage Nation Congress finds that this Act will promote self-determination, encourage economic self-sufficiency, and increase and expedite business activity and employment on Osage Nation lands by specifying the authority of the Osage Nation to approve leases and to establish procedures for environmental review, approval, management, and enforcement of such leases.

B. The purpose of this Act is to implement the authority granted to the Osage Nation under the HEARTH Act, to approve the lease of lands owned by the Osage Nation in restricted status or held in trust by the United States for the benefit of the Osage Nation and to develop and streamline procedures for lease management.

C. This Act:

1. Applies only to leases and subleases of Osage Nation tribal land for business purposes as described in Sections 4-103(D)(1) and (D)(2) of this Title and to all leasing documents, actions, and leasing decisions relating to such leases and subleases;

2. Shall not be construed to affect valid existing rights under leases and subleases approved prior to the effective date of this Act; and

3. Does not apply to residential leases, leases of unrestricted fee lands, or any lands owned by individuals.

D. Except where otherwise required by agreement or applicable law, the Osage Nation shall manage all leases pursuant to this Act. Laws that will apply to leases authorized under this Act will be, in the following order: federal law, the laws of the Osage Nation, and other laws that may be applicable. ONCA 17-01, eff. Dec. 9, 2016.