Code · BILL · 113th Congress · S. 2409 (Introduced in Senate) — To authorize the exploration, leasing, development, production, and economically feasible and prudent transportation... · Sec. 8

Sec. 8. Federal and State distribution of revenues

65 words·~1 min read·/bill/113/s/2409/is/section-8

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

Notwithstanding any other provision of law, of the amount of bonus, rental, and royalty revenues from oil and gas leasing and operations authorized under this Act— 50 percent shall be paid to the State of Alaska; and the balance shall be deposited in the Treasury of the United States. Payments to the State of Alaska under this section shall be made on a monthly basis.