Sec. 204. Disposition of revenues
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/bill/113/s/279/is/section-204A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Of the amounts collected as bonus bids, royalties, rentals, fees, or other payments under a right-of-way, permit, lease, or other authorization for the development of wind or solar energy on covered land— 25 percent shall be paid by the Secretary of the Treasury to the State within the boundaries of which the income is derived; 25 percent shall be paid by the Secretary of the Treasury to the 1 or more counties within the boundaries of which the income is derived; 15 percent shall— for the period beginning on the date of enactment of this Act and ending on date the date that is 15 years after the date of enactment of this Act, be deposited in the Treasury of the United States to help facilitate the processing of renewable energy permits by the Bureau of Land Management, including the transfer of the funds by the Bureau of Land Management to other Federal agencies and State agencies to facilitate the processing of renewable energy permits on Federal land; and beginning on the date that is 15 years after the date of enactment of this Act, be deposited in the Fund; and 35 percent shall be deposited in the Renewable Energy Resource Conservation Fund established by subsection (c).
Except as provided in paragraph (2), amounts paid to States and counties under subsection
(a)shall be used consistent with section 35 of the Mineral Leasing Act ( 30 U.S.C. 191 ). Not less than 33 percent of the amount paid to a State shall be used on an annual basis for the purposes described in subsection (c)(2)(A). There is established in the Treasury a fund, to be known as the Renewable Energy Resource Conservation Fund , to be administered by the Secretary for use in regions impacted by the development of wind or solar energy. Amounts in the Fund shall be available to the Secretary, who may make amounts available to the Secretary of Agriculture and to other Federal or State agencies, as appropriate, for the purposes of— addressing and offsetting the impacts of wind or solar development on Federal land, including restoring and protecting— fish and wildlife habitat for affected species; fish and wildlife corridors for affected species; and water resources in areas impacted by wind or solar energy development; securing recreational access to Federal land through an easement, right-of-way, or fee title acquisition from willing sellers for the purpose of providing enhanced public access to existing Federal land that is inaccessible or significantly restricted; and carrying out activities authorized under the Land and Water Conservation Fund Act of 1965 ( 16 U.S.C. 460 ) in the State. l –4 et seq. The Secretary shall establish an independent advisory board composed of key stakeholders and technical experts to provide recommendations and guidance on the disposition of any amounts expended from the Fund. The expenditure of funds under this subsection shall be in addition to any mitigation requirements imposed pursuant to any law, regulation, or term or condition of any lease, right-of-way, or other authorization. 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.
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