Sec. 204. Disposition of royalty revenue
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Effective beginning on the date of the enactment of this Act, all amounts collected by the Secretary concerned as royalties or bonuses under subsection (a)(5) or (c)(6) of section 202, shall be distributed as follows: Twenty-five percent shall be paid by the Secretary of the Treasury to States within the boundaries of which the royalties or bonuses are derived, to be allocated among such States based on the percentage of covered land from which such royalties or bonuses are derived in each State.
Twenty-five percent shall be paid by the Secretary of the Treasury to the counties within the boundaries of which the royalties or bonuses are derived, to be allocated among such counties based on the percentage of covered land from which such royalties or bonuses are derived in each county. Twenty-five percent shall be deposited in the Fund (established by subsection (b)). For the period that begins on the date of the enactment of this Act and ending on the date that is 15 years after the date of the enactment of this Act, 15 percent shall be paid by the Secretary of the Treasury directly to the State offices of the Bureau of Land Management and the regional office of the Forest Service with jurisdiction over the areas of which the royalties or bonuses are derived for purposes of reducing the number of renewable energy permits that have not been processed before the date of the enactment of this Act, to be allocated among such offices based on the percentage of covered land from which the royalties or bonuses are derived in each State.
The remainder shall be deposited into the general fund of the Treasury for purposes of reducing the annual Federal budget deficit. There is established in the Treasury of the United States a Renewable Energy Resource Conservation Fund to be administered by the Secretary of the Interior, in consultation with the Secretary of Agriculture, for use in regions impacted by the development of wind or solar energy on public land. The Secretary shall use amounts in the Fund to take actions and to make payments to State agencies, Federal agencies, or other interested persons in such regions for— protecting and restoring important fish and wildlife habitat in such regions, including corridors, water resources, and other sensitive land; and assuring and improving access to Federal lands and waters in such regions for hunting, fishing, and other forms of outdoor recreation in a manner consistent with the conservation of fish and wildlife habitat.
Amounts in the Fund shall be available for expenditure, in accordance with this subsection, without further appropriation and without fiscal year limitation. Any amounts deposited in the Fund shall earn interest in an amount determined by the Secretary of the Treasury on the basis of the current average market yield on outstanding marketable obligations of the United States of comparable maturities. Any interest earned under subparagraph
(A)may be expended in accordance with this subsection. The expenditure of funds under this subsection shall be separate and distinct from any mitigation requirements imposed pursuant to any law, regulation, or term or condition of any lease, right-of-way, or other authorization. At the end of the 15-year period described in subsection (a)(4), the Secretary shall certify whether the State offices referred to in such subsection have adequately reduced the renewable energy permitting backlog referred to in such subsection. If the Secretary certifies under paragraph
(1)that— the State offices referred to in such paragraph have not adequately reduced the backlog referred to in such paragraph— the 15-year period described in subsection (a)(4) shall be extended by an additional 15-year period; and payments shall continue to be made during that period as described in such subsection; or the State offices referred to in such paragraph have adequately reduced such backlog— two-thirds of the amount otherwise required to be paid under subsection (a)(4) shall be added to the amount deposited in the Fund established under subsection (b); and one-third of such amount shall be deposited into the general fund of the Treasury for purposes of reducing the annual Federal budget deficit. Amounts paid to States and counties under subsection
(a)shall be used in a manner that is consistent with section 35 of the Mineral Leasing Act ( 30 U.S.C. 191 ). Not less than 35 percent of the amount paid to a State each fiscal year shall be used for the purposes described in subsection (b)(2).
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Sec. 204
Disposition of royalty revenue
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