In Situ Oil Shale Technology Act

In Situ Oil Shale Technology Act - Establishes the In Situ Oil Shale Technology Corporation.

States that it shall be the function of the Corporation to select the best technically, environmentally, and economically feasible nonnuclear in situ methods for producing a syncrude from oil shale.

Authorizes the Corporation to design, construct, operate, and maintain demonstration-type facilities for such methods selected in order to determine the technical, environmental, and economical feasibility thereof.

Authorizes the Corporation to design, construct, operate, and maintain, for such methods demonstrated, a full-scale, commercial-size facility to produce a syncrude from oil shale by such method.

Requires all research, development, demonstration, or projects contracted for, sponsored, or cosponsored by the Corporation pursuant to this Act, to require as a condition of Federal participation that all information resulting in whole or in part from federally assisted research shall be made available at the earliest possible date to the general public.

Directs that on or before the expiration of ten years following the date of the enactment of this section, the Board of Directors of the Corporation shall take such action as may be necessary to dissolve the Corporation.

Directs the Secretary of the Interior to make available to the Corporation established by this Act Federal lands under his jurisdiction for the purposes of the Corporation.

Authorizes appropriation to the Corporation of such sums as may be necessary to carry out the purposes of the Corporation.