Sec. 383. ROYALTY PAYMENTS UNDER LEASES UNDER THE OUTER CONTINENTAL SHELF LANDS ACT
447 words·~2 min read·
/statute-compilations/comps-10914/sec-383A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 383 ROYALTY PAYMENTS UNDER LEASES UNDER THE OUTER CONTINENTAL SHELF LANDS ACT ###
(a)Royalty Relief ####
(1)In general For purposes of providing compensation for lessees and a State for which amounts are authorized by section 6004(c) of the Oil Pollution Act of 1990 (Public Law 101–380), a lessee may withhold from payment any royalty due and owing to the United States under any leases under the Outer Continental Shelf Lands Act (43 U.S.C. 1301 et seq.) for offshore oil or gas production from a covered lease tract if, on or before the date that the payment is due and payable to the United States, the lessee makes a payment to the State of 44 cents for every $1 of royalty withheld. ####
(2)Treatment of amounts Any royalty withheld by a lessee in accordance with this section (including any portion thereof that is paid to the State under paragraph (1)) shall be treated as paid for purposes of satisfaction of the royalty obligations of the lessee to the United States. ####
(3)Certification of withheld amounts The Secretary of the Treasury shall— #####
(A)determine the amount of royalty withheld by a lessee under this section; and #####
(B)promptly publish a certification when the total amount of royalty withheld by the lessee under this section is equal to— ######
(i)the dollar amount stated at page 47 of Senate Report number 101–534, which is designated therein as the total drainage claim for the West Delta field; plus ######
(ii)interest as described at page 47 of that Report. ###
(b)Period of Royalty Relief Subsection
(a)shall apply to royalty amounts that are due and payable in the period beginning on October 1, 2006, and ending on the date on which the Secretary of the Treasury publishes a certification under subsection (a)(3)(B). ###
(c)Definitions As used in this section: ####
(1)Covered lease tract The term “**covered lease tract**” means a leased tract (or portion of a leased tract)— #####
(A)lying seaward of the zone defined and governed by section 8(g) of the Outer Continental Shelf Lands Act (43 U.S.C. 1337(g)); or #####
(B)lying within such zone but to which such section does not apply. ####
(2)Lessee The term “**lessee**”— #####
(A)means a person or entity that, on the date of the enactment of the Oil Pollution Act of 1990, was a lessee referred to in section 6004(c) of that Act (as in effect on that date of the enactment), but did not hold lease rights in Federal offshore lease OCS–G–5669; and #####
(B)includes successors and affiliates of a person or entity described in subparagraph (A).
Connectionstraces to 2
Traces to 2 documents
1 reference not yet in our index
- Pub. L. 101-380
Citation graph
cites case law
Sec. 383
ROYALTY PAYMENTS UNDER LEASES UNDER THE OUTER CONTINENTAL SHELF LANDS ACT
Pub. L.Pub. L. 101-380
Cites 3Cited by 0 across 0 sources