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Code · BILL · 113th Congress · H.R. 2674 (Introduced in House) — To encourage job creation, and for other purposes. · Sec. 409

Sec. 409. Federal and State distribution of revenues

74 words·~1 min read·/bill/113/hr/2674/ih/section-409

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Notwithstanding any other provision of law, of the amount of adjusted bonus, rental, and royalty revenues from Federal oil and gas leasing and operations authorized under this title— 50 percent shall be paid to the State of Alaska; and except as provided in section 412(d), the balance shall be transferred to the ANWR Alternative Energy Trust Fund established by this title. Payments to the State of Alaska under this section shall be made semiannually.
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