; and (2) produces valuable locatable minerals in commercial quantities on the date of enactment of this Act. (d) Federal Land Not Subject to Existing Operations Permit Production from any Federal land not specifically approved for mineral extraction under a plan of operations or an operations permit in existence on the date of enactment of this Act shall be subject to the royalty described in subsection (a). (e) Deposit Amounts received by the United States as royalties under this section shall be deposited in the Fund. 202. Royalty relief (a) In general Subject to subsection (b), in order to promote the greatest ultimate recovery pursuant to a mining permit or a plan of operations under which production in commercial quantities has occurred and in the interest of conservation of natural resources, the Secretary may reduce any royalty otherwise required for all or part of a mining operation, on a showing by clear and convincing evidence by the person conducting mineral activities under the operations or mining permit or plan of operations that, without the reduction in royalty, production would not occur. (b) Effective date Any reduction in a royalty provided for by this section shall not be effective until 60 days after the date on which the Secretary— (1) publishes public notice of the royalty reduction; and (2) submits to the Committee on Energy and Natural Resources of the Senate and the Committee on Natural Resources of the House of Representatives notice and a statement of the reasons for granting the royalty reduction. 203. Enforcement (a) Duties of the Secretary (1) In general The Secretary shall establish a comprehensive inspection, collection, fiscal, and production accounting and auditing system— (A) to accurately determine royalties, interest, fines, penalties, fees, deposits, and other payments owed under this title and section 403