Sec. 212. Disposition of revenues
608 words·~3 min read·
/bill/114/s/1407/is/section-212·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Without further appropriation or fiscal year limitation, 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 revenue 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 revenue is derived, to be allocated among the counties based on the percentage of land from which the revenue is derived; to be deposited in the Treasury and be made available to the Secretary to carry out the program established by section 204, 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, with priority given to using the amounts, to the maximum extent practicable, to reducing the backlog of renewable energy permits that have not been processed in the State from which the revenues are derived— 15 percent for each of fiscal years 2015 through 2030; 14 percent for fiscal year 2031; 13 percent for fiscal year 2032; 12 percent for fiscal year 2033; 11 percent for fiscal year 2034; and 10 percent for fiscal year 2035 and each fiscal year thereafter; and to be deposited in the Renewable Energy Resource Conservation Fund established by subsection (c)— 35 percent for each of fiscal years 2015 through 2030; 36 percent for fiscal year 2031; 37 percent for fiscal year 2032; 38 percent for fiscal year 2033; 39 percent for fiscal year 2034; and 40 percent for fiscal year 2035 and each fiscal year thereafter.
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 ). A payment to a county under paragraph
(1)shall be in addition to a payment in lieu of taxes received by the county under chapter 69 of title 31, United States Code. There is established in the Treasury a fund, to be known as the Renewable Energy Resource Conservation Fund , to be administered by the Secretary, in consultation with the Secretary of Agriculture, for use in regions affected by the development of wind or solar energy on Federal land. Amounts in the Fund shall be available to the Secretary, who may make amounts available to the Secretary of Agriculture, to other Federal or State agencies, and other interested persons in an impacted region, as appropriate, for the purposes of— protecting and restoring important fish and wildlife habitat on Federal land in the impacted region; and ensuring and improving right-of-way access to Federal land and water in the impacted region for fishing, hunting, and other forms of outdoor recreation in a manner consistent with the conservation of fish and wildlife habitat. The Secretaries 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. 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. It is the intent of Congress that the revenues deposited and used in the Fund shall supplement and not supplant annual appropriations for conservation activities described in paragraph (2)(A).
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 212
Disposition of revenues
Cites 1Cited by 0 across 0 sources