Sec. 10. Local government impact aid and community service assistance
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There is established in the Treasury a fund to be known as the Coastal Plain Local Government Impact Aid Assistance Fund (referred to in this section as the Fund ). Amounts in the Fund may be used only to provide financial assistance in accordance with subsection (b). Subject to paragraph (4), of amounts of revenues payable to the State of Alaska under section 35 of the Mineral Leasing Act ( 30 U.S.C. 191 ) that are derived from rents, bonuses, and royalties from Federal leases and lease sales authorized under this Act— $28,000,000 shall be deposited in the Fund for the first fiscal year for which amounts are received by the United States from Federal leases and lease sales authorized under this Act; and $7,000,000 shall be deposited in the Fund for each fiscal year thereafter.
The total amount in the Fund may not exceed $28,000,000. The Secretary of the Treasury shall invest amounts in the Fund in interest-bearing securities of the United States. The Secretary may use amounts available from the Fund to provide timely financial assistance to North Slope Borough, Alaska, the City of Kaktovik, Alaska, and any other borough, municipal subdivision, village, or other community in the State of Alaska that is directly impacted by exploration for, or the production of, oil or gas on the Coastal Plain under this Act, as determined by the Secretary.
Financial assistance provided under this subsection may be used only for— planning for mitigation of the potential effects of oil and gas exploration and development on environmental, social, cultural, recreational, and subsistence values; implementing mitigation plans and maintaining mitigation projects; developing, carrying out, and maintaining projects and programs that provide new or expanded public facilities and services to address needs and problems associated with the effects described in subparagraph (A), including firefighting, police, water, waste treatment, medivac, and medical services; and the establishment by North Slope Borough, Alaska, of a coordination office in the City of Kaktovik, Alaska— to coordinate with and advise developers on local conditions of, impacts on, and the history of the areas utilized for development under this Act; and to provide to the Committee on Natural Resources of the House of Representatives and the Committee on Energy and Natural Resources of the Senate an annual report that describes the status of coordination between developers and the communities affected by development under this Act.
To receive assistance under subsection (b), a community described in subsection (b)(1) shall submit to the Secretary an application for assistance, in such form and under such procedures as the Secretary may prescribe by regulation. A community located in North Slope Borough, Alaska, may apply for assistance under this section either directly with the Secretary or through the North Slope Borough. The Secretary shall work closely with and assist North Slope Borough, Alaska, and other communities eligible for assistance under this section in developing and submitting applications under this subsection.
There is authorized to be appropriated to the Secretary from the Fund $7,000,000 for each fiscal year to provide financial assistance under this section.
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Sec. 10
Local government impact aid and community service assistance
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