Sec. 5. Disposition of outer Continental Shelf revenues to Gulf producing States
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Section 102 of the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 note; Public Law 109–432 ) is amended— by striking paragraph
(7)and inserting the following: The term Gulf producing State means— each of the States of Alabama, Louisiana, Mississippi, and Texas; and effective beginning in fiscal year 2017, the State of Florida. ; and in paragraph (9)(A)— in clause (i)(II), by striking and at the end; and by striking clause
(ii)and inserting the following: with respect to the Gulf producing States described in paragraph (7)(A), in the case of fiscal year 2017 and each fiscal year thereafter, all rentals, royalties, bonus bids, and other sums due and payable to the United States received on or after October 1, 2016, from leases entered into on or after December 20, 2006; and with respect to the State of Florida, all eligible rentals, royalties, bonus bids, and other sums due and payable to the United States from leases entered into in the Eastern Planning Area on or after October 1, 2016. . Section 105(a) of the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 note; Public Law 109–432 ) is amended by striking paragraph
(2)and inserting the following: in the case of qualified outer Continental Shelf revenues generated from outer Continental Shelf areas adjacent to Gulf producing States, 50 percent in a special account in the Treasury from which the Secretary shall disburse— 75 percent to Gulf producing States in accordance with subsection (b); and 25 percent to provide financial assistance to States in accordance with section 200305 of title 54, United States Code, which shall be considered income to the Land and Water Conservation Fund for purposes of section 200302 of that title. . Section 105(f) of the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 note; Public Law 109–432 ) is amended by striking paragraph
(1)and inserting the following: Subject to paragraph (2), the total amount of qualified outer Continental Shelf revenues described in section 102(9)(A)(ii) that are made available under subsection (a)(2)(A) shall not exceed— for fiscal year 2017, $500,000,000; for each of fiscal years 2018 through 2025, $699,000,000; and for each of fiscal years 2026 through 2055, $999,000,000. .
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- Pub. L. 109-432
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Sec. 5
Disposition of outer Continental Shelf revenues to Gulf producing States
Pub. L.Pub. L. 109-432
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