; 94 Stat. 2390) is amended— (i) in clause (iii), by striking and at the end; (ii) in clause (iv), by striking the period at the end and inserting ; and ; and (iii) by adding at the end the following: (v) to provide for an oil and gas program on the Coastal Plain. . (3) Management Except as otherwise provided in this section, the Secretary shall manage the oil and gas program on the Coastal Plain in accordance with the Naval Petroleum Reserves Production Act of 1976 ( 42 U.S.C. 6501 et seq.) (including regulations). (4) Royalties Notwithstanding the Mineral Leasing Act ( 30 U.S.C. 181 et seq.), the royalty rate for leases issued pursuant to this section shall be 16.67 percent. (5) Receipts Notwithstanding the Mineral Leasing Act ( 30 U.S.C. 181 et seq.), of the amount of adjusted bonus, rental, and royalty receipts derived from the oil and gas program and operations on Federal land authorized under this section— (A) 50 percent shall be paid to the State of Alaska; and (B) the balance shall be deposited into the Treasury as miscellaneous receipts. (c) 2 lease sales within 10 years (1) Requirement (A) In general Subject to subparagraph (B), the Secretary shall conduct not fewer than 2 lease sales area-wide under the oil and gas program under this section by not later than 10 years after the date of enactment of this Act. (B) Sale acreages; schedule (i) Acreages The Secretary shall offer for lease under the oil and gas program under this section— (I) not fewer than 400,000 acres area-wide in each lease sale; and (II) those areas that have the highest potential for the discovery of hydrocarbons. (ii) Schedule The Secretary shall offer— (I) the initial lease sale under the oil and gas program under this section not later than 4 years after the date of enactment of this Act