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Code · BILL · 114th Congress · H.R. 2983 (Introduced in House) — To provide drought assistance and improved water supply reliability to the State of California, other western States,... · Sec. 325

Sec. 325. Disposition of royalty revenue

717 words·~3 min read·/bill/114/hr/2983/ih/section-325

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

All amounts collected by the Secretary as royalties or bonuses under subsection (a)(5) or (c)(6) of section 323 shall be distributed as follows: 25 percent shall be paid by the Secretary of the Treasury to States within the boundaries of which the royalties or bonuses are derived, to be allocated among such States based on the percentage of covered land from which such royalties or bonuses are derived in each State. 25 percent shall be paid by the Secretary of the Treasury to the counties within the boundaries of which the royalties or bonuses are derived, to be allocated among such counties based on the percentage of covered land from which such royalties or bonuses are derived in each county. 25 percent shall be deposited into the Fish and Wildlife Restoration Fund established by subsection
(b)and used in accordance with that subsection. For the period that begins on the date of the enactment of this Act and ending on the date that is 15 years after the date of the enactment of this Act, 15 percent shall be paid by the Secretary of the Treasury directly to the State offices of the Bureau of Reclamation with jurisdiction over the areas of which the royalties or bonuses are derived for purposes of reducing the number of renewable energy permits that have not been processed before the date of the enactment of this Act, to be allocated among such offices based on the percentage of covered land from which the royalties or bonuses are derived in each State. The remainder shall be deposited into the general fund of the Treasury for purposes of reducing the annual Federal budget deficit. There is established in the Treasury a Fish and Wildlife Restoration Fund to be administered by the Secretary of the Interior for use in regions impacted by the development of hydropower by Federal agencies, including the Bureau of Reclamation, and the development of wind or solar energy on Bureau of Reclamation land. The Secretary shall use amounts in the Fund to take actions and to make payments to State agencies, Federal agencies, or other interested persons in such regions for— protecting and restoring important fish and wildlife habitat and native populations in such regions, including corridors, water resources, and other sensitive land; and improving fish species habitat or native population within the boundaries and downstream of a Bureau of Reclamation project. Amounts in the Fund shall be available for expenditure, in accordance with this subsection, without further appropriation and without fiscal year limitation. 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)shall be deposited into the Fund. The expenditure of funds under this subsection shall be separate and distinct from any mitigation requirements imposed pursuant to any law, regulation, or term or condition of any lease, right-of-way, or other authorization. At the end of the period described in subsection (a)(4), the Secretary shall certify whether the State offices referred to in such subsection have adequately reduced the renewable energy permitting backlog referred to in such subsection. If the Secretary certifies under paragraph
(1)that— the State offices referred to in such paragraph have not adequately reduced the backlog referred to in such paragraph— the period described in subsection (a)(4) shall be extended by an additional 15-year period; and payments shall continue to be made during that period as described in such subsection; or the State offices referred to in such paragraph have adequately reduced such backlog— two-thirds of the amount otherwise required to be paid under subsection (a)(4) shall be added to the amount deposited in the Fund established under subsection (b); and one-third of such amount shall be deposited into the general fund of the Treasury for purposes of reducing the annual Federal budget deficit. Amounts paid to States and counties under subsection
(a)shall be used in a manner that is consistent with section 35 of the Mineral Leasing Act ( 30 U.S.C. 191 ). Not less than 35 percent of the amount paid to a State each fiscal year shall be used for the purposes described in subsection (b)(2).
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Sec. 325
Disposition of royalty revenue
U.S.C.§ 191
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