Sec. 205. Disposition of revenues from covered land
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Subject to paragraph (2), for fiscal year 2027 and each fiscal year thereafter, without further appropriation and without fiscal year limitation, of the amounts collected as bonus bids, rentals, fees, or other payments under a right-of-way, permit, lease, or other authorization (other than under section 504(g) of the Federal Land Policy and Management Act of 1976 ( 43 U.S.C. 1764(g) )) 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 the covered land from which the revenue is derived in each county; 15 percent shall be deposited in the Treasury and be made available to the Secretary to carry out the program established under section 204(a), including the transfer of the funds by the Director of the Bureau of Land Management to other Federal agencies and State agencies to facilitate the processing of renewable energy permits on covered land, with priority given to using the amounts, to the maximum extent practicable, to expedite the issuance of permits required for the development of renewable energy projects in the States from which the revenues are derived; 25 percent shall be deposited in the Fund; and 10 percent shall be deposited in the general fund of the Treasury.
The total amount made available under subparagraphs (A), (B), (C), and
(D)of paragraph
(1)shall not exceed for any fiscal year $40,000,000. Amounts paid to States and counties under subsection (a)(1) 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 a 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 (referred to in this subsection as the Fund ), to be administered by the Secretary, in consultation with the Secretary of Agriculture, for distribution in regions in which a renewable energy project is located on covered land. Amounts in the Fund shall be available to the Secretary and the Secretary of Agriculture, who may make amounts available from the Fund to other Federal, tribal, or State agencies for distribution in regions in which renewable energy projects are located on covered land, for the purposes described in subparagraph (B). The purposes referred to in subparagraph
(A)are— restoring and protecting— fish and wildlife habitat for affected species; fish and wildlife corridors for affected species; and water resources in areas affected by wind, geothermal, or solar energy development; and preserving and improving recreational access to Federal land and water in an affected region through an easement, right-of-way, or other instrument acquired from willing landowners for the purpose of enhancing public access to existing Federal land and water that is inaccessible or significantly restricted. The Secretary may enter into cooperative agreements with State and tribal agencies, nonprofit organizations, and other appropriate entities to carry out the activities described in paragraph (2). 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 amounts made available from the Fund shall supplement and not supplant annual appropriations for activities described in paragraph (2).
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