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Code · BILL · 115th Congress · H.R. 4426 (Introduced in House) — To reform Federal onshore and offshore fossil fuel leasing, exploration, and development; promote renewable energy on... · Sec. 514

Sec. 514. Funding

322 words·~1 min read·/bill/115/hr/4426/ih/section-514

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Section 9 of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1338 ) is amended to read as follows: Except as provided in subsections (b), (c), and (d), all rentals, royalties, and other sums paid to the Secretary or the Secretary of the Navy under any lease on the outer Continental Shelf for the period from June 5, 1950, to date, and thereafter shall be deposited in the Treasury of the United States and credited to miscellaneous receipts. Effective for fiscal year 2018 and each fiscal year thereafter, $900,000,000 of the amounts referred to in subsection
(a)shall be deposited in the Treasury of the United States and credited to the Land and Water Conservation Fund. These sums shall be available to the Secretary, without further appropriation or fiscal year limitation, for carrying out the purposes of chapter 2003 of title 54, United States Code. Effective for fiscal year 2018 and each fiscal year thereafter, $150,000,000 of the amounts referred to in subsection
(a)shall be deposited in the Treasury of the United States and credited to the Historic Preservation Fund. These sums shall be available to the Secretary, without further appropriation or fiscal year limitation, for carrying out the purposes of chapters 3021 through 3039 of title 54, United States Code. Effective for each fiscal year 2018 and thereafter, 10 percent of the amounts referred to in subsection
(a)shall be deposited in the Treasury of the United States and credited to the Ocean Resources Conservation and Assistance Fund established by section 506 of the Sustainable Energy Development Reform Act . These sums shall be available to the Secretary, without further appropriation or fiscal year limitation, for carrying out the purposes of such section. Nothing in this section shall decrease the amount any State shall receive pursuant to section 8(g) of this Act or section 105 of the Gulf of Mexico Energy Security Act ( 43 U.S.C. 1331 note). .
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Sec. 514
Funding
U.S.C.§ 1338
U.S.C.§ 1331
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