Sec. 202. Disposition of qualified revenues in Alaska
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Notwithstanding section 9 of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1338 ) and subject to the other provisions of this section, for fiscal year 2021 and each fiscal year thereafter, the Secretary of the Treasury shall deposit— 50 percent of qualified revenues in the general fund of the Treasury; 42.5 percent of qualified revenues in a special account in the Treasury, to be distributed by the Secretary to the State; and 7.5 percent of qualified revenues in a special account in the Treasury, to be distributed by the Secretary to coastal political subdivisions.
Of the amount paid by the Secretary to coastal political subdivisions under subsection (a)(3)— 90 percent shall be allocated among costal political subdivisions described in section 201(1)(A) in amounts (based on a formula established by the Secretary by regulation) that are inversely proportional to the respective distances between the point in each coastal political subdivision that is closest to the geographic center of the applicable leased tract and not more than 200 miles from the geographic center of the leased tract; and 10 percent shall be divided equally among each coastal political subdivision described in section 201(1)(B).
The amounts required to be deposited under subsection
(a)for the applicable fiscal year shall be made available in accordance with that subsection during the fiscal year immediately following the applicable fiscal year. Subject to paragraph (2), the State shall use all amounts received under subsection (a)(2) in accordance with all applicable Federal and State laws, for 1 or more of the following purposes: Projects and activities for the purposes of coastal protection, conservation, and restoration, including onshore infrastructure and relocation of communities directly affected by coastal erosion, melting permafrost, or climate change-related losses. Mitigation of damage to fish, wildlife, or natural resources. Mitigation of the impact of outer Continental Shelf activities through the funding of onshore infrastructure projects and related rights-of-way. Adaptation planning, vulnerability assessments, and emergency preparedness assistance to build healthy and resilient communities. Installation and operation of energy systems to reduce energy costs and greenhouse gas emissions compared to systems in use as of the date of enactment of this Act. Programs at institutions of higher education in the State. Other purposes, as determined by the Governor of the State, with approval from the State legislature. Planning assistance and the administrative costs of complying with this section. Not more than 3 percent of amounts received by the State under subsection (a)(2) may be used for the purposes described in paragraph (1)(H). Amounts made available under paragraphs
(2)and
(3)of subsection
(a)shall— be made available, without further appropriation, in accordance with this section; remain available until expended; and be in addition to any amounts appropriated under any other provision of law.
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Sec. 202
Disposition of qualified revenues in Alaska
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