Sec. 28. Revenues for just transition assistance
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/bill/117/hr/2021/ih/section-28A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this section: The term nonproducing lease means any Federal onshore or offshore oil or natural gas lease under which oil or natural gas is produced for fewer than 90 days in an applicable calendar year. The term Secretary means the Secretary of the Interior. Section 7(a) of the Mineral Leasing Act ( 30 U.S.C. 207(a) ) is amended, in the fourth sentence, by striking 12 and inserting 1/2 per centum 18.75 percent . Section 17 of the Mineral Leasing Act ( 30 U.S.C. 226 ) is amended— in subsection (b)— in paragraph (1)(A)— in the fourth sentence, by striking shall be held and all that follows through are necessary and inserting may be held in each State not more than once each year ; and in the fifth sentence, by striking 12.5 percent and inserting 18.75 percent ; and in paragraph (2)(A)(ii), by striking 12 and inserting 1/2 per centum 18.75 percent ; in subsection (c)(1), in the second sentence, by striking 12.5 percent and inserting 18.75 percent ; in subsection (l), by striking 12 each place it appears and inserting 1/2 per centum 18.75 percent ; and in subsection (n)(1)(C), by striking 12 and inserting 1/2 per centum 18.75 percent .
Section 31(e)(3) of the Mineral Leasing Act ( 30 U.S.C. 188(e)(3) ) is amended by striking 16 each place it appears and inserting 2/3 25 . Section 35 of the Mineral Leasing Act ( 30 U.S.C. 191 ) is amended— in subsection (a), in the first sentence, by striking All and inserting Except as provided in subsection (e), all ; and by adding at the end the following: Notwithstanding paragraph (1), the amount of any increase in revenues collected as a result of the amendments made by subsection
(b)of section 28 of the Environmental Justice For All Act shall be deposited and distributed in accordance with subsection
(d)of that section. . There is established a fee of $4 per acre per year on producing Federal onshore and offshore oil and gas leases. There is established a fee of $6 per acre per year on nonproducing leases. All amounts collected under paragraphs
(1)and
(2)of subsection
(c)shall be deposited in the Federal Energy Transition Economic Development Assistance Fund established by section 29(c). Notwithstanding any other provision of law, of the amount of any increase in revenue collected as a result of the amendments made by subsection (b)— 50 percent shall be deposited in the Federal Energy Transition Economic Development Assistance Fund established by section 29(c); and 50 percent shall be distributed to the State in which the production occurred. The Secretary shall, by regulation at least once every 4 years, adjust each fee established by subsection
(c)to reflect any change in the Consumer Price Index (all items, United States city average) as prepared by the Department of Labor.
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