Sec. 6. Disposition of revenues; Renewable Energy Resource Conservation Fund
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Except as provided in paragraph (3), without further appropriation or fiscal year limitation, of amounts collected from wind and solar energy projects as bonus bids, rentals, fees, or other payments under a right-of-way, permit, lease, or other authorization— for the period beginning on January 1, 2026, and ending on December 31, 2045— 25 percent shall be paid by the Secretary of the Treasury to the State within the boundaries of which the revenue is derived; 25 percent shall be paid by the Secretary of the Treasury to the 1 or more counties within the boundaries of which the revenue is derived, to be allocated among the counties based on the percentage of land from which the revenue is derived; 15 percent shall be deposited in the Treasury and credited to the Bureau of Land Management’s Renewable Energy Management account to be made available to the Secretary to carry out sections 3 and 4 (including amendments made by those sections), including the transfer of the funds by the Bureau of Land Management to other Federal agencies and State agencies to facilitate the processing of permits for renewable energy projects, with priority given to using the amounts, to the maximum extent practicable, without detrimental impacts to emerging markets, expediting the issuance of permits required for the development of wind and solar energy projects in the States from which the revenues are derived; and 35 percent shall be deposited in the Fund; and beginning on January 1, 2046— 25 percent shall be paid by the Secretary of the Treasury to the State within the boundaries of which the revenue is derived; 25 percent shall be paid by the Secretary of the Treasury to the 1 or more counties within the boundaries of which the revenue is derived, to be allocated among the counties based on the percentage of land from which the revenue is derived; 10 percent shall be deposited in the Treasury and be made available to the Secretary to carry out sections 3 and 4 (including amendments made by those sections), including the transfer of the funds by the Bureau of Land Management to other Federal agencies and State agencies to facilitate the processing of permits for wind and solar energy projects, with priority given to using the amounts, to the maximum extent practicable, without detrimental impacts to emerging markets, expediting the issuance of permits required for the development of renewable energy projects in the States from which the revenues are derived; and 40 percent shall be deposited in the Fund.
Not later than 180 days after the date of enactment of this Act, the Secretary shall issue a proposed rule establishing a formula for the disposition of revenues under subparagraphs (A)(i) and (B)(i) of paragraph
(1)in a case in which a wind and solar energy project is located in more than 1 State. With respect to wind and solar energy projects— paragraph
(1)does not apply to amounts collected from application filing fees authorized under section 304 of the Federal Land Policy and Management Act of 1976 ( 43 U.S.C. 1734 ); and such application filing fees may be retained by the applicable agency to recover costs associated with issuing the right-of-way, permit, or other authorization associated with the application. Amounts paid to States and counties under subsection (a)(1) shall be used consistent with section 35 of the Mineral Leasing Act ( 30 U.S.C. 191 ). A payment to a county under subparagraph (A)(ii) or (B)(ii) of subsection (a)(1) shall be in addition to a payment in lieu of taxes received by the county under chapter 69 of title 31, United States Code. There is established in the Treasury a fund, to be known as the Renewable Energy Resource Conservation Fund , which shall be administered by the Secretary. The Secretary may make amounts in the Fund available to Federal, State, local, and Tribal agencies for distribution in regions in which renewable energy projects are located on Federal land, for the purposes described in subparagraph (B). The purposes referred to in subparagraph
(A)are— restoring and protecting— fish and wildlife habitat for species affected by renewable energy projects; fish and wildlife corridors for species affected by renewable energy projects; and wetlands, streams, rivers, and other natural water bodies in areas affected by renewable energy projects; and preserving and improving recreational access to Federal land and water in the applicable region through an easement, right-of-way, or other instrument from willing landowners for the purpose of enhancing public access to existing Federal land and water that is inaccessible or restricted due to renewable energy projects. The Secretary may enter into cooperative agreements with State and Tribal agencies, nonprofit organizations, and other appropriate entities to carry out the activities described in paragraph (2). Any amounts deposited in the Fund shall earn interest in an amount determined by the Secretary of the Treasury on the basis of the current average market yield on outstanding marketable obligations of the United States of comparable maturities. Any interest earned under subparagraph
(A)may be deposited into the Fund and used without further appropriation. At the end of each fiscal year, the Secretary shall submit to the Committee on Energy and Natural Resources of the Senate and the Committee on Natural Resources of the House of Representatives a report identifying— the amounts described in subsection
(a)that were collected during that fiscal year, organized by source; the amount and purpose of payments made to each Federal, State, local, and Tribal agency under paragraph
(2)during that fiscal year; and the amount remaining in the Fund at the end of the fiscal year. It is the intent of Congress that the revenues deposited and expended from the Fund shall supplement (and not supplant) annual appropriations for activities described in paragraph (2).
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