Sec. 7. Disposition of revenues
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Beginning on January 1, 2017, without further appropriation or 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 one 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 6, 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 expediting the issuance of permits required for the development of renewable energy projects in the States from which the revenues are derived— 25 percent for each of fiscal years 2016 through 2025; 20 percent for each of fiscal years 2026 through 2030; 15 percent for each of fiscal years 2031 through 2035; and 10 percent for fiscal year 2036 and each fiscal year thereafter; and to be deposited in the Renewable Energy Resource Conservation Fund established by subsection (c)— 25 percent for each of fiscal years 2016 through 2025; 30 percent for each of fiscal years 2026 through 2030; 35 percent for each of fiscal years 2031 through 2035; and 40 percent for fiscal year 2036 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. The Secretary may make funds in the Fund available to Federal, State, and tribal agencies to be distributed in regions in which renewable energy projects are located on Federal land, for the purposes of— 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 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 subparagraphs
(A)and
(B)of 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 revenues deposited and used in the Fund shall supplement (and not supplant) annual appropriations for activities described in subparagraphs
(A)and
(B)of paragraph (2).
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