Sec. 5. Renewable Energy Reserve
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For budgetary purposes, there is established a separate account in the Treasury to be known as the Renewable Energy Reserve . The Renewable Energy Reserve shall consist of amounts deposited into it under subparagraphs
(A)and
(B)of paragraph
(6)of section 8(g) of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1337(g) ), as amended by this Act. The Renewable Energy Reserve shall be available to offset the cost of legislation enacted after the date of the enactment of this Act— to accelerate the use of cleaner domestic energy resources and alternative fuels; to promote the utilization of energy-efficient products and practices; and to increase research, development, and deployment of clean renewable energy and efficiency technologies and job training programs for those purposes. After the reporting of a bill or joint resolution, or the offering of an amendment thereto or the submission of a conference report thereon, providing funding for the purposes set forth in subsection
(c)in excess of the amounts provided for those purposes for fiscal year 2013, the chairman of the Committee on the Budget of the applicable House of Congress shall make the adjustments set forth in paragraph
(2)for the amount of new budget authority and outlays in that measure and the outlays flowing from that budget authority. The adjustments referred to in paragraph
(1)are to be made to— the discretionary spending limits, if any, set forth in the appropriate concurrent resolution on the budget; the allocations made pursuant to the appropriate concurrent resolution on the budget pursuant to section 302(a) of Congressional Budget Act of 1974; and the budget aggregates contained in the appropriate concurrent resolution on the budget as required by section 301(a) of Congressional Budget Act of 1974. The adjustments referred to in paragraphs
(1)and
(2)shall not exceed the total of the receipts over a 10-year period, as estimated by the Congressional Budget Office upon the enactment of this Act.
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Sec. 5
Renewable Energy Reserve
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