110 HR 5807 IH: Oil Shale Reserve Fund Revenue U.S. House of Representatives 2008-04-15 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 110th CONGRESS 2d Session H. R. 5807 IN THE HOUSE OF REPRESENTATIVES April 15, 2008 Mr. Salazar introduced the following bill; which was referred to the Committee on Natural Resources, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To amend title 10, United States Code, to provide for the distribution of a share of certain mineral revenues, and for other purposes.

1.

Short title

This Act may be cited as the Oil Shale Reserve Fund Revenue Act.

2.

Disposition of qualified oil shale reserve receipts

Section 7439 of title 10, United States Code, is amended— (1)in subsection (f)— (A)in paragraph (1)— (i)by striking (1) Notwithstanding and inserting the following: (1)

In general

Notwithstanding ; and (ii)by striking specified in paragraph (2) and inserting beginning on November 18, 1997, and ending on the date of enactment of the Oil Shale Reserve Fund Revenue Act; and (B)by striking paragraph (2) and inserting the following: (2)

Mineral leasing Act

Beginning on the date of enactment of the Oil Shale Reserve Fund Revenue Act, any amounts received by the United States from a lease under this section (including amounts in the form of sales, bonuses, royalties (including interest charges collected under the Federal Oil and Gas Royalty Management Act of 1982 (30 U.S.C. 1701 et seq.)), and rentals) shall be deposited in the Treasury of the United States, for use in accordance with section 35 of the Mineral Leasing Act (30 U.S.C. 191). ; and (2)by striking subsection (g) and inserting the following: (g)

Use of revenues

(1)

In general

Of the amounts deposited in the Treasury under subsection (f)(1)— (A)50 percent shall be transferred by the Secretary of the Treasury to the Secretary of the Interior, for use in accordance with paragraph (2); and (B)50 percent shall be distributed by the Secretary of the Treasury to Garfield, Rio Blanco, Moffat, and Mesa Counties in the State of Colorado, in accordance with paragraph (3). (2)

Use of federal funds

(A)

In general

Amounts transferred under paragraph (1)(A) shall be used by the Secretary of the Interior for the costs of all environmental restoration, waste management, and environmental compliance activities incurred by the United States with respect to the remediation of the land transferred under subsection (a), including the former Anvil Points oil shale facility in the State of Colorado. (B)

Deposit in treasury

On completion of the remediation of the former Anvil Points oil shale facility, the Secretary of the Interior shall return any remaining amounts transferred under paragraph (1)(A) to the Treasury of the United States, for use in accordance with section 35 of the Mineral Leasing Act (30 U.S.C. 191). (3)

Use of county funds

(A)

In general

Of the amounts to be distributed under paragraph (1)(B), the Secretary of the Treasury shall transfer— (i)40 percent to Garfield County, Colorado; (ii)40 percent to Rio Blanco County, Colorado; (iii)10 percent to Moffat County, Colorado; and (iv)10 percent to Mesa County, Colorado. (B)

Authorized Uses

The amounts provided to the counties under subparagraph (A) shall be used by the counties, or any cities or political subdivisions within the counties to which the funds are transferred by the counties, to mitigate the effects of oil and gas development activities within the affected counties, cities, or political subdivisions. (C)

Limitation

Amounts provided to the counties under subparagraph (A) shall not be considered for purpose of calculating payments for the counties under chapter 69 of title 31, United States Code. .