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Code · BILL · 118th Congress · S. 373 (Introduced in Senate) — To modify the disposition of certain outer Continental Shelf revenues and to open Federal financial sharing to height... · Sec. 3

Sec. 3. Gulf of Mexico outer Continental Shelf revenues

538 words·~2 min read·/bill/118/s/373/is/section-3

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Section 105(d)(1)(D) of the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 note; Public Law 109–432 ) is amended by inserting , on the condition that the projects are not primarily for entertainment purposes after infrastructure projects . Section 105(e) of the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 note; Public Law 109–432 ) is amended, in the matter preceding paragraph (1), by striking Amounts and inserting Subject to subsection (g)(3), amounts .
Section 105(f) of the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 note; Public Law 109–432 ) is amended— in paragraph (1)— in subparagraph (A), by inserting and after the semicolon; in subparagraph (B), by striking ; and and inserting a period; and by striking subparagraph (C); and in paragraph (2), by striking 2055 and inserting 2022 . Section 105 of the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 note; Public Law 109–432 ) is amended by adding at the end the following:
Beginning with fiscal year 2023, not later than 180 days after the end of each fiscal year, each Gulf producing State that receives amounts under subsection (a)(2)(A) for the applicable fiscal year shall submit to the Secretary a report that describes the use of the amounts by the Gulf producing State during the period covered by the report. On receipt of a report under paragraph (1), the Secretary shall make the report available to the public on the website of the Department of the Interior.
If a Gulf producing State that receives amounts under subsection (a)(2)(A) for the applicable fiscal year fails to submit the report required under paragraph
(1)by the deadline specified in that paragraph, any amounts that would otherwise be provided to the Gulf producing State under subsection (a)(2)(A) for the succeeding fiscal year shall be withheld for the succeeding fiscal year until the date on which the report is submitted. Each report required under paragraph
(1)shall include, for each project funded in whole or in part using amounts received under subsection (a)(2)(A)— the name and description of the project; the amount received under subsection (a)(2)(A) that is allocated to the project; and a description of how each project is consistent with the authorized uses under subsection (d)(1). Nothing in this clause— requires or provides authority for the Secretary to delay, modify, or withhold payment under subsection (a)(2)(A), other than for failure to submit a report as required under this subsection; requires or provides authority for the Secretary to review or approve uses of funds reported under this subsection; requires or provides authority for the Secretary to approve individual projects that receive funds reported under this subsection; requires a Gulf producing State to obtain the approval of, or review by, the Secretary prior to spending funds disbursed under subsection (a)(2)(A); requires or provides authority for the Secretary to issue guidance relating to the contents of, or to determine the completeness of, the report required under this subsection; requires a Gulf producing State to obligate or expend funds by a certain date; or requires or provides authority for the Secretary to request a Gulf producing State to return unobligated funds. .
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  • Pub. L. 109-432
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Sec. 3
Gulf of Mexico outer Continental Shelf revenues
Pub. L.Pub. L. 109-432
Cites 2Cited by 0 across 0 sources
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