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Code · BILL · 114th Congress · H.R. 1663 (Introduced in House) — To greatly enhance America’s path toward energy independence and economic and national security, to rebuild our Natio... · Sec. 107

Sec. 107. Sharing of revenues

1,320 words·~6 min read·/bill/114/hr/1663/ih/section-107

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Section 8(g) of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1337(g) ) is amended— in paragraph
(2)by striking Notwithstanding and inserting Except as provided in paragraph (6), and notwithstanding ; by redesignating paragraphs
(6)and
(7)as paragraphs
(8)and (9); and by inserting after paragraph
(5)the following: Of amounts received by the United States as bonus bids, royalties, rentals, and other sums collected under any new qualified lease on submerged lands made available for leasing under this Act by the enactment of the Infrastructure Jobs and Energy Independence Act — 30 percent shall be paid to the States that are producing States with respect to those submerged lands that are located within the seaward boundaries of such a State established under section 4(a)(2)(A); 10 percent shall be deposited in the general fund of the Treasury used solely for paying off the national debt; and 60 percent shall be deposited in the Infrastructure Renewal Reserve established by paragraph (7). In the case of a leased tract that lies partially within the seaward boundaries of a State, the amounts of bonus bids and royalties from such tract that are subject to subparagraph (A)(ii) with respect to such State shall be a percentage of the total amounts of bonus bids and royalties from such tract that is equivalent to the total percentage of surface acreage of the tract that lies within such seaward boundaries. Amounts paid to a State under subparagraph (A)(ii) shall be used by the State for one or more of the following: Education. Transportation. Coastal restoration, environmental restoration, and beach replenishment. Energy infrastructure. Renewable energy development. Energy efficiency and conservation. Any other purpose determined by State law. In this paragraph: The term Adjacent State means, with respect to any program, plan, lease sale, leased tract or other activity, proposed, conducted, or approved pursuant to the provisions of this Act, any State the laws of which are declared, pursuant to section 4(a)(2), to be the law of the United States for the portion of the outer Continental Shelf on which such program, plan, lease sale, leased tract, or activity appertains or is, or is proposed to be, conducted. The term Adjacent Zone means, with respect to any program, plan, lease sale, leased tract, or other activity, proposed, conducted, or approved pursuant to the provisions of this Act, the portion of the outer Continental Shelf for which the laws of a particular Adjacent State are declared, pursuant to section 4(a)(2), to be the law of the United States. The term producing State means an Adjacent State having an Adjacent Zone containing leased tracts from which are derived bonus bids and royalties under a lease under this Act. The term State includes Puerto Rico and the other territories of the United States. The term qualified lease means a natural gas or oil lease made available under this Act granted after the date of the enactment of the Infrastructure Jobs and Energy Independence Act , for an area that is available for leasing as a result of enactment of section 101 of that Act. This paragraph shall apply to bonus bids and royalties received by the United States under qualified leases after implementation of sections 105 and 106 of the Infrastructure Jobs and Energy Independence Act . All revenues including revenues, including bonus bids, royalties, rentals, and other sums, collected from leases issued under this Act prior to the enactment Infrastructure Jobs and Energy Independence Act , shall not be affected by the provisions of that Act. For budgetary purposes, there is established as a separate account to receive deposits under paragraph (6)(A)— the Infrastructure Renewal Reserve, which shall be applied to offset the costs of— Federal-aid highway and highway safety construction programs carried out by the Secretary of Transportation; public transportation programs carried out by the Secretary of Transportation; water resources development construction projects carried out by the Secretary of the Army (acting through the Chief of Engineers); and legislation enacted after the date of the enactment of the Infrastructure Jobs and Energy Independence Act for purposes of investment in transportation infrastructure; and the Clean Water Reserve, which shall be applied to offset the costs of programs under the Federal Water Pollution Control Act, the Safe Drinking Water Act, and the Safe Drinking Water Act Amendments of 1996 that provide assistance, such as grants, matching grants, and no- and low-interest loans, to States and municipalities, including construction programs to rebuild and modernize clean water and sewage infrastructure. In addition to deposits under paragraph (6)(A), the Secretary shall transfer to the Infrastructure Renewal Reserve the balance of funds in the SPR Petroleum Account on the date of enactment of this Act in excess of $10,000,000. After the reporting of a bill or joint resolution, or the offering of an amendment thereto or the submission of a conference report thereon, providing funding for the purposes set forth in clause
(i)or
(ii)of subparagraph
(A)in excess of the sum of amount of the deposits under paragraph (6)(A) for those purposes for fiscal year 2016 and funds deposited under subparagraph
(B)of this paragraph, the chairman of the Committee on the Budget of the applicable House of Congress shall make the adjustments set forth in clause
(ii)for the amount of new budget authority and outlays in that measure and the outlays flowing from that budget authority. The adjustments referred to in clause
(i)are to be made to— the discretionary spending limits, if any, set forth in the appropriate concurrent resolution on the budget; the allocations made pursuant to the appropriate concurrent resolution on the budget pursuant to section 302(a) of the Congressional Budget Act of 1974; and the budget aggregates contained in the appropriate concurrent resolution on the budget as required by section 301(a) of the Congressional Budget Act of 1974. The adjustments referred to in clauses
(i)and
(ii)shall not exceed the receipts estimated by the Congressional Budget Office that are attributable to this Act for the fiscal year in which the adjustments are made. The Secretary of the Interior, the Secretary of Health and Human Services, the Secretary of Energy, and any other Federal official with authority to implement legislation referred to in paragraph (6)(A) shall ensure that financial assistance provided to a State under that legislation for any purpose with amounts made available under this subsection or in any legislation with respect to which paragraph
(7)applies supplement, and do not replace, the amounts expended by the State for that purpose before the date of the enactment of the Infrastructure Jobs and Energy Independence Act . To the extent practicable, amounts made available for a Federal-aid highway or highway safety construction program, the costs of which are offset by application of the Infrastructure Renewal Reserve, shall be distributed using the apportionment formula that applies to that program. . Section 4(a)(2)(A) of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1333(a)(2)(A) ) is amended in the first sentence by striking , and the President and all that follows through the end of the sentence and inserting the following: . Such extended lines are deemed to be as indicated on the maps for each Outer Continental Shelf region entitled . Alaska OCS Region State Adjacent Zone and OCS Planning Areas , Pacific OCS Region State Adjacent Zones and OCS Planning Areas , Gulf of Mexico OCS Region State Adjacent Zones and OCS Planning Areas , and Atlantic OCS Region State Adjacent Zones and OCS Planning Areas , all of which are dated September 2005 and on file in the Office of the Director, Minerals Management Service. The preceding sentence shall not apply with respect to the treatment under section 105 of the Gulf of Mexico Energy Security Act of 2006 (title I of division C of Public Law 109–432 ) of qualified outer Continental Shelf revenues deposited and disbursed under subsection (a)(2) of that section.
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  • Pub. L. 109-432
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Sec. 107
Sharing of revenues
Pub. L.Pub. L. 109-432
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