Marine Mineral Resources Research Act of 1996 - Amends the Mining and Minerals Policy Act of 1970 to direct the Secretary of the Interior to: (1) establish and implement a marine mineral resources research program; (2) award grants and contracts and enter into cooperative agreements for the attendant research and development undertaken by industry, government, and academic sectors; and (3) establish terms and conditions under which Federal funding will be provided consistent with the Agreement on Subsidies and Countervailing Measures referred to in the Uruguay Round Agreement Act. Prescribes guidelines for competitive review of such Federal grants, contracts, and cooperative agreements.
Directs the Secretary to designate three marine mineral research centers, one in the continental shelf regions of the United States, the second in deep seabed and near-shore environments of islands, and the third in arctic and cold water regions.
Restricts administrative expenses to not more than five percent during a fiscal year.
Authorizes appropriations.