Sec. 102. Distribution of revenue to Alaska
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/bill/114/s/3110/pcs/section-102A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 9 of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1338 ) is amended— by striking All rentals, and inserting the following: Except as provided in subsections
(b)and (c), all rentals, ; and by adding at the end the following: In this subsection: The term coastal political subdivision means a county-equivalent or municipal subdivision of the State— all or part of which lies within the coastal zone of the State (as defined in section 304 of the Coastal Zone Management Act of 1972 ( 16 U.S.C. 1453 )); and the closest coastal point of which is not more than 200 nautical miles from the geographical center of any leased tract in the Alaska outer Continental Shelf region; or the closest point of which is more than 200 nautical miles from the geographical center of a leased tract in the Alaska outer Continental Shelf region; and that is determined by the State to be a significant staging area for oil and gas servicing, supply vessels, operations, suppliers, or workers. The term qualified revenues means all revenues derived from all rentals, royalties, bonus bids, and other sums due and payable to the United States from energy development in the Alaska outer Continental Shelf region. The term qualified revenues does not include revenues generated from leases subject to section 8(g). The term State means the State of Alaska. For fiscal year 2027 and each fiscal year thereafter, the Secretary shall deposit— 50 percent of qualified revenues in the general fund of the Treasury; 6.25 percent of qualified revenues for the payment in lieu of taxes program established by section 6902 of title 31, United States Code; 6.25 percent of qualified revenues in the Tribal Resilience Fund established by section 106(a) of the American Energy and Conservation Act of 2016 ; 28 percent of qualified revenues in a special account in the Treasury, to be distributed by the Secretary to the State; 7.5 percent of qualified revenues in a special account in the Treasury, to be distributed by the Secretary to coastal political subdivisions; and 2 percent of qualified revenues in the general account of the Denali Commission. Of the amount paid by the Secretary to coastal political subdivisions under paragraph (2)(E)— 90 percent shall be allocated in amounts (based on a formula established by the Secretary by regulation) that are inversely proportional to the respective distances between the point in each coastal political subdivision that is closest to the geographic center of the applicable leased tract and not more than 200 miles from the geographic center of the leased tract; and 10 percent shall be divided equally among each coastal political subdivision that— is more than 200 nautical miles from the geographic center of a leased tract; and the State of Alaska determines to be a significant staging area for oil and gas servicing, supply vessels, operations, suppliers, or workers. The amounts required to be deposited under paragraph
(2)for the applicable fiscal year shall be made available in accordance with that paragraph during the fiscal year immediately following the applicable fiscal year. Amounts made available under subparagraphs
(B)through
(F)of paragraph
(2)shall— be made available, without further appropriation, in accordance with this subsection; remain available until expended; and be in addition to any amounts appropriated under any other provision of law. .
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