Sec. 9. Allocation to States

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Of the qualified revenues deposited in the account under section 8(1), 37.5 percent shall be distributed to each State— using the formula established under subsection (b); and in amounts that are inversely proportional to the respective distances between the point on the coastline of each State that is closest to the geographic center of the applicable leased tract and the geographic center of the leased tract. The formula used to make the calculation under subsection

(a)shall be— established by the Secretary by regulation; and modeled after the final rule entitled Allocation and Disbursement of Royalties, Rentals, and Bonuses—Oil and Gas, Offshore , dated December 23, 2008 (73 Fed. Reg. 78622). Each State shall be entitled to an amount equal to not less than 10 percent of the qualified revenues allocated under subsection (a). A State receiving amounts under this section may use the amounts in accordance with State law.

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73 FR 78622

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Sec. 9

Allocation to States

Fed. Reg.73 FR 78622

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