Sec. 3. Disposition of revenues with respect to territories of the United States
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Section 9 of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1338 ) is amended— by striking All rentals and inserting the following: Except as otherwise provided in law, all rentals ; and by adding at the end the following: Of the rentals, royalties, and other sums paid to the Secretary under this Act from a lease for an area of land on the outer Continental Shelf adjacent to a territory and lying within the exclusive economic zone of the United States pertaining to such territory, and not otherwise obligated or appropriated— 50 percent shall be deposited in the Treasury and credited to miscellaneous receipts; 12.5 percent shall be deposited in the Coral Reef Conservation Fund established under section 211 of the Coral Reef Conservation Act of 2000; and 37.5 percent shall be disbursed to territories of the United States in an amount for each territory (based on a formula established by the Secretary by regulation) that is inversely proportional to the respective distance between the point on the coastline of the territory that is closest to the geographic center of the applicable leased tract and the geographic center of the leased tract. .
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Sec. 3
Disposition of revenues with respect to territories of the United States
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