Sec. 71413. Severance fees
71 words·~1 min read·
/bill/117/hr/5376/eh/section-71413·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary of the Interior shall collect annual, non-refundable fees on fossil fuels produced from new leases on Federal lands and the Outer Continental Shelf and deposit the funds into the United States Treasury General Fund. Such fees shall be— $0.50 per barrel of oil equivalent on oil and natural gas produced from Federal lands and the Outer Continental Shelf; and $2 per metric ton of coal produced from Federal lands.