Sec. 104. Disposition of proceeds
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/bill/115/s/414/is/section-104A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Of the proceeds from the sale of land under section 103 or 201— 5 percent shall be disbursed to the State for use in the general education program of the State; 10 percent shall be disbursed to the County for use as determined through normal County budgeting procedures; and the remainder shall be deposited in a special account in the Treasury of the United States, to be known as the Pershing County Special Account , which shall be available to the Secretary, in consultation with the County, for— the reimbursement of costs incurred by the Department of the Interior in preparing for the sale or exchange of the eligible land, including— the costs of surveys and appraisals; and the costs of compliance with the National Environmental Policy Act of 1969 ( 42 U.S.C. 4321 et seq.) and sections 202 and 203 of the Federal Land Policy and Management Act of 1976 ( 43 U.S.C. 1712 , 1713); the conduct of wildlife habitat conservation and restoration projects, including projects that benefit the greater sage-grouse in the County; a project or activity carried out in the County to address drought conditions; the implementation of wildfire presuppression and restoration projects in the County; the acquisition of environmentally sensitive land or interests in environmentally sensitive land in the County; projects that secure public access to Federal land for hunting, fishing, and other recreational purposes through easements or rights-of-way in the County; and the conduct of any surveys related to the designation of the wilderness areas under title III.
Any amounts deposited in the special account established under subsection (a)(3)— shall earn interest in an amount determined by the Secretary of the Treasury, based on the current average market yield on outstanding marketable obligations of the United States of comparable maturities; and may be expended by the Secretary in accordance with this section. Beginning with fiscal year 2020, and once every 5 fiscal years thereafter, not later than 60 days after the last day of the preceding fiscal year, the Secretary shall submit to the State, the County, and the appropriate committees of Congress a report on the operation of the special account established under subsection (a)(3) for the preceding 5 fiscal years.
Each report submitted under paragraph
(1)shall include, for the fiscal year covered by the report— a statement of the amounts deposited into the special account; a description of the expenditures made from the special account for the fiscal year, including the purpose of the expenditures; recommendations for additional authorities to fulfill the purpose of the special account; and a statement of the balance remaining in the special account at the end of the fiscal year.
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