Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

Code · BILL · 113th Congress · S. 17 (Introduced in Senate) — To stimulate the economy, produce domestic energy, and create jobs at no cost to the taxpayers, and without borrowing... · Sec. 105

Sec. 105. Disposition of revenues

781 words·~4 min read·/bill/113/s/17/is/section-105

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 102 of the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 note; Public Law 109–432 ) is amended— by redesignating paragraphs
(5)through
(11)as paragraphs
(6)through (12), respectively; by inserting after paragraph
(4)the following: The term coastal State means a State with a coastal seaward boundary within 200 nautical miles distance of the geographical center of a leased tract in— an outer Continental Shelf area in the Gulf of Mexico OCS Region State Adjacent Zones and OCS Planning Areas; and effective for fiscal year 2024 and each fiscal year thereafter, an outer Continental Shelf area in any OCS Region State Adjacent Zones and OCS Planning Areas. ; in paragraph
(10)(as so redesignated), by striking subparagraph
(A)and inserting the following: The term qualified outer Continental Shelf revenues means all rentals, royalties, bonus bids, and other sums due and payable to the United States from leases entered into on or after— December 20, 2006, with respect to coastal States located in the Gulf of Mexico OCS Region; or October 1, 2023, with respect to coastal States located in— the Atlantic OCS Region; the Pacific OCS Region; or the Alaska OCS Region. ; and in paragraph
(11)(as so redesignated), by striking Gulf producing State each place it appears and inserting coastal State . Section 105 of the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 note; Public Law 109–432 ) is amended— in the section heading, by striking ; from 181 Area, 181 South Area, and 2002-2007 planning areas of gulf of mexico by striking Gulf producing State each place it appears (other than subsection (b)(1)) and inserting coastal State ; in subsection (a)(2), by striking subparagraph
(B)and inserting the following: 25 percent— of the qualified outer Continental Shelf revenues described in section 102(10)(A)(i)— to provide financial assistance to States in accordance with section 6 of the Land and Water Conservation Fund Act of 1965 ( 16 U.S.C. 460 ), which shall be considered to be income to the Land and Water Conservation Fund for purposes of section 2 of that Act ( l –8 16 U.S.C. 460 ), to a maximum amount of $125,000,000; and l –5 for any amounts in excess of the amount described in subclause (I), to the Highway Trust Fund (other than the Mass Transit Account); and beginning in fiscal year 2024, of the qualified outer Continental Shelf revenues described in section 102(10)(A)(ii), to the Highway Trust Fund (other than the Mass Transit Account). ; in subsection (b)— in the subsection heading, by striking and inserting Gulf producing States ; and coastal States in paragraph (2)— in the paragraph heading, by striking and inserting fiscal year 2017 and thereafter ; and fiscal years 2017 through 2023 in subparagraph (A), in the matter preceding clause (i), by striking fiscal year 2017 and each fiscal year thereafter and inserting each of fiscal years 2017 through 2023 ; by redesignating paragraph
(3)as paragraph (4); by inserting after paragraph
(2)the following: Subject to subparagraph (B), effective for fiscal years 2024 and each fiscal year thereafter, the amount made available under subsection (a)(2)(A) shall be allocated to each coastal State in amounts (based on a formula established by the Secretary by regulation) that are inversely proportional to the respective distances between the point on the coastline of each coastal State that is closest to the geographic center of the applicable leased tract and the geographic center of the leased tract. The amount allocated to a coastal State each fiscal year under subparagraph
(A)shall be at least 10 percent of the amounts available under subsection (a)(2)(A). ; and in paragraph
(4)(as redesignated by subparagraph (C)), by striking paragraphs
(1)and
(2)and inserting paragraphs (1), (2), and
(3); and in subsection (f), by striking paragraph
(1)and inserting the following: Subject to paragraph (2), the total amount of qualified outer Continental Shelf revenues made available under subsection (a)(2) shall not exceed— in the case of an outer Continental Shelf area in the Gulf of Mexico OCS Region State Adjacent Zones and OCS Planning Areas— $1,000,000,000 for each of fiscal years 2017 through 2024; and $2,000,000,000 for each of fiscal years 2025 through 2055; and in the case of an outer Continental Shelf area in OCS Region State Adjacent Zones and OCS Planning Areas other than the Zones and Areas described in subparagraph (A), for each of fiscal years 2024 through 2055, $500,000,000 for each such area located in— the Atlantic OCS Region; the Pacific OCS Region; or the Alaska OCS Region. . The amendments made by this section take effect on October 1, 2013.
Connectionstraces to 2
Traces to 2 documents
1 reference not yet in our index
  • Pub. L. 109-432
Citation graph
cites case law
Sec. 105
Disposition of revenues
Pub. L.Pub. L. 109-432
Cites 3Cited by 0 across 0 sources
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.