110 HR 6421 IH: Rigs to Reefs Act of 2008
U.S. House of Representatives
2008-06-26
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.
1.This Act may be cited as the
Energy Independence
Act
.
2.The table of contents
for this Act is as follows:
Sec. 1. Short title.
Sec. 2. Table of contents.
Title I—OIL AND GAS LEASING PROGRAM FOR LANDS WITHIN THE COASTAL
PLAIN OF ALASKA
Sec. 101. Short title.
Sec. 102. Definitions.
Sec. 103. Leasing program for lands within the Coastal
Plain.
Sec. 104. Lease sales.
Sec. 105. Grant of leases by the Secretary.
Sec. 106. Lease terms and conditions.
Sec. 107. Coastal plain environmental protection.
Sec. 108. Expedited judicial review.
Sec. 109. Federal and State distribution of
revenues.
Sec. 110. Rights-of-way across the Coastal Plain.
Sec. 111. Conveyance.
Sec. 112. Local government impact aid and community service
assistance.
Sec. 113. ANWR Alternative Energy Trust Fund.
Title II—OPENING OF OUTER CONTINENTAL SHELF
Sec. 201. Short title.
Sec. 202. Policy.
Sec. 203. Definitions under the Outer Continental Shelf Lands
Act.
Sec. 204. Determination of Adjacent Zones and planning
areas.
Sec. 205. Administration of leasing.
Sec. 206. Grant of leases by Secretary.
Sec. 207. Reservation of lands and rights.
Sec. 208. Outer Continental Shelf Leasing Program.
Sec. 209. Coordination with Adjacent States.
Sec. 210. Environmental studies.
Sec. 211. Federal Energy Natural Resources Enhancement Act of
2008.
Sec. 212. Termination of effect of laws prohibiting the
spending of appropriated funds for certain purposes.
Sec. 213. Outer Continental Shelf incompatible use.
Sec. 214. Repurchase of certain leases.
Sec. 215. Offsite environmental mitigation.
Sec. 216. Minerals Management Service.
Sec. 217. Authority to use decommissioned offshore oil and gas
platforms and other facilities for artificial reef, scientific research, or
other uses.
Sec. 218. Repeal of requirement to conduct comprehensive
inventory of OCS oil and natural gas resources.
Sec. 219. Leases for areas located within 100 miles of
California or Florida.
Sec. 220. Coastal impact assistance.
Sec. 221. Oil shale and tar sands amendments.
Title III—NUCLEAR ENERGY
Sec. 301. Incentives for innovative technologies.
Sec. 302. Standby support for certain nuclear plant
delays.
Sec. 303. Authorization for nuclear power 2010
program.
Sec. 304. Domestic manufacturing base for nuclear components
and equipment.
Sec. 305. Nuclear energy workforce.
Sec. 306. Licensing of new nuclear power plants.
Sec. 307. Investment tax credit for investments in nuclear
power facilities.
Sec. 308. National Nuclear Energy Council.
Sec. 309. Temporary spent nuclear fuel storage
agreements.
Sec. 310. Implementation of temporary spent nuclear fuel
storage agreements.
Sec. 311. Expedited procedures for congressional review of
temporary spent nuclear fuel storage agreements.
Sec. 312. Contracting and Nuclear Waste Fund.
Sec. 313. Confidence in availability of waste
disposal.
Title IV—AMENDMENTS TO THE INTERNAL REVENUE CODE OF
1986
Sec. 401. Credit for investment in coal-to-liquid fuels
projects.
Sec. 402. Temporary expensing for equipment used in
coal-to-liquid fuels process.
Sec. 403. Extension of alternative fuel credit for fuel derived
from coal through the Fischer-Tropsch process or the Schobert
process.
<enum>I</enum><header>OIL
AND GAS LEASING PROGRAM FOR LANDS WITHIN THE COASTAL PLAIN OF ALASKA</header>
<section id="H92A6899D22594A64B110D78FDD443163" section-type="subsequent-section"><enum>101.</enum><header>Short
title</header><text display-inline="no-display-inline">This title may be cited
as the <quote><short-title>American Energy Independence
and Price Reduction Act</short-title></quote>.</text>
</section><section id="H09B2FBAB764543E885B23200CD637C17"><enum>102.</enum><header>Definitions</header><text display-inline="no-display-inline">In this title:</text>
<paragraph id="H0A3AF055286D424FAC6CE4558F2064D7"><enum>(1)</enum><header>Coastal
Plain</header><text>The term <quote>Coastal Plain</quote> means that area
described in appendix I to part 37 of title 50, Code of Federal
Regulations.</text>
</paragraph><paragraph id="H50B4C495376B4AF59E007DA3D8E441D6"><enum>(2)</enum><header>Secretary</header><text>The
term <quote>Secretary</quote>, except as otherwise provided, means the
Secretary of the Interior or the Secretary’s designee.</text>
</paragraph></section><section id="H32AC2715B4D043D4809CA6E4299BDFC3"><enum>103.</enum><header>Leasing program
for lands within the Coastal Plain</header>
<subsection id="HD95D694CC3414F1C8C6BA3B8BD729C36"><enum>(a)</enum><header>In
general</header><text>The Secretary shall take such actions as are
necessary—</text>
<paragraph id="H78200C2A5E2647D3882291C95D78FA62"><enum>(1)</enum><text>to establish and
implement, in accordance with this title and acting through the Director of the
Bureau of Land Management in consultation with the Director of the United
States Fish and Wildlife Service, a competitive oil and gas leasing program
that will result in an environmentally sound program for the exploration,
development, and production of the oil and gas resources of the Coastal Plain;
and</text>
</paragraph><paragraph id="HD69FE836CE2F4821A6DDDB01B15E0532"><enum>(2)</enum><text>to administer the
provisions of this title through regulations, lease terms, conditions,
restrictions, prohibitions, stipulations, and other provisions that ensure the
oil and gas exploration, development, and production activities on the Coastal
Plain will result in no significant adverse effect on fish and wildlife, their
habitat, subsistence resources, and the environment, including, in furtherance
of this goal, by requiring the application of the best commercially available
technology for oil and gas exploration, development, and production to all
exploration, development, and production operations under this title in a
manner that ensures the receipt of fair market value by the public for the
mineral resources to be leased.</text>
</paragraph></subsection><subsection id="H2A5C39BACE8A43829DD79F7858EE11FA"><enum>(b)</enum><header>Repeal</header>
<paragraph id="H09EFE8948F0A445B9712924C241C81A5"><enum>(1)</enum><header>Repeal</header><text>Section
1003 of the Alaska National Interest Lands Conservation Act of 1980 (16 U.S.C.
3143) is repealed.</text>
</paragraph><paragraph id="H1A4380CE0AFF4BCAA9700026A7C8C592"><enum>(2)</enum><header>Conforming
amendment</header><text>The table of contents in section 1 of such Act is
amended by striking the item relating to section 1003.</text>
</paragraph></subsection><subsection id="HFCB11F0D404943DFA3DAB3E05BE964F5"><enum>(c)</enum><header>Compliance with
requirements under certain other laws</header>
<paragraph id="HEB606DE04C8B4CA8953D54FDFEC0DD46"><enum>(1)</enum><header>Compatibility</header><text>For
purposes of the National Wildlife Refuge System Administration Act of 1966 (16
U.S.C. 668dd et seq.), the oil and gas leasing program and activities
authorized by this section in the Coastal Plain are deemed to be compatible
with the purposes for which the Arctic National Wildlife Refuge was
established, and no further findings or decisions are required to implement
this determination.</text>
</paragraph><paragraph id="H6EDB300D719E4A7FB52CE8D92B024F2B"><enum>(2)</enum><header>Adequacy of the
Department of the Interior’s legislative environmental impact
statement</header><text>The <quote>Final Legislative Environmental Impact
Statement</quote> (April 1987) on the Coastal Plain prepared pursuant to
section 1002 of the Alaska National Interest Lands Conservation Act of 1980 (16
U.S.C. 3142) and section 102(2)(C) of the National Environmental Policy Act of
1969 (<external-xref legal-doc="usc" parsable-cite="usc/42/4332">42 U.S.C. 4332(2)(C)</external-xref>) is deemed to satisfy the requirements under the
National Environmental Policy Act of 1969 that apply with respect to prelease
activities, including actions authorized to be taken by the Secretary to
develop and promulgate the regulations for the establishment of a leasing
program authorized by this title before the conduct of the first lease
sale.</text>
</paragraph><paragraph id="H0199D5E58A2149338ED7D7994717CCC6"><enum>(3)</enum><header>Compliance with
NEPA for other actions</header><text>Before conducting the first lease sale
under this title, the Secretary shall prepare an environmental impact statement
under the National Environmental Policy Act of 1969 with respect to the actions
authorized by this title that are not referred to in paragraph (2).
Notwithstanding any other law, the Secretary is not required to identify
nonleasing alternative courses of action or to analyze the environmental
effects of such courses of action. The Secretary shall only identify a
preferred action for such leasing and a single leasing alternative, and analyze
the environmental effects and potential mitigation measures for those two
alternatives. The identification of the preferred action and related analysis
for the first lease sale under this title shall be completed within 18 months
after the date of enactment of this Act. The Secretary shall only consider
public comments that specifically address the Secretary’s preferred action and
that are filed within 20 days after publication of an environmental analysis.
Notwithstanding any other law, compliance with this paragraph is deemed to
satisfy all requirements for the analysis and consideration of the
environmental effects of proposed leasing under this title.</text>
</paragraph></subsection><subsection id="H310868207B3E41EAAA2DB946B483D35B"><enum>(d)</enum><header>Relationship to
State and local authority</header><text>Nothing in this title shall be
considered to expand or limit State and local regulatory authority.</text>
</subsection><subsection id="H6646A70D805149769458D0F37BEF6928"><enum>(e)</enum><header>Special
areas</header>
<paragraph id="H62686EADB79C4051873CCF4E71F3929"><enum>(1)</enum><header>In
general</header><text>The Secretary, after consultation with the State of
Alaska, the city of Kaktovik, and the North Slope Borough, may designate up to
a total of 45,000 acres of the Coastal Plain as a Special Area if the Secretary
determines that the Special Area is of such unique character and interest so as
to require special management and regulatory protection. The Secretary shall
designate as such a Special Area the Sadlerochit Spring area, comprising
approximately 4,000 acres.</text>
</paragraph><paragraph id="HAE4BEBE6E73A4ABD935544A00122D06D"><enum>(2)</enum><header>Management</header><text>Each
such Special Area shall be managed so as to protect and preserve the area’s
unique and diverse character including its fish, wildlife, and subsistence
resource values.</text>
</paragraph><paragraph id="HE790F347B0624B908BAECB428B61D261"><enum>(3)</enum><header>Exclusion from
leasing or surface occupancy</header><text>The Secretary may exclude any
Special Area from leasing. If the Secretary leases a Special Area, or any part
thereof, for purposes of oil and gas exploration, development, production, and
related activities, there shall be no surface occupancy of the lands comprising
the Special Area.</text>
</paragraph><paragraph id="H4C115C3121974928A200A700D74FC6D8"><enum>(4)</enum><header>Directional
drilling</header><text>Notwithstanding the other provisions of this subsection,
the Secretary may lease all or a portion of a Special Area under terms that
permit the use of horizontal drilling technology from sites on leases located
outside the Special Area.</text>
</paragraph></subsection><subsection id="H89E2FBFDA4C84B1C85CEAFFA16E5A9A6"><enum>(f)</enum><header>Limitation on
closed areas</header><text>The Secretary’s sole authority to close lands within
the Coastal Plain to oil and gas leasing and to exploration, development, and
production is that set forth in this title.</text>
</subsection><subsection id="HFD1AE70890104AFC96C2934D649F1E3D"><enum>(g)</enum><header>Regulations</header>
<paragraph id="HF8FE1AABBD3B41B4AA6EC8E56433D7A5"><enum>(1)</enum><header>In
general</header><text>The Secretary shall prescribe such regulations as may be
necessary to carry out this title, including rules and regulations relating to
protection of the fish and wildlife, their habitat, subsistence resources, and
environment of the Coastal Plain, by no later than 15 months after the date of
enactment of this Act.</text>
</paragraph><paragraph id="HF1FA3291D3C74D61AF8128ADDDB5D59F"><enum>(2)</enum><header>Revision of
regulations</header><text>The Secretary shall periodically review and, if
appropriate, revise the rules and regulations issued under subsection (a) to
reflect any significant biological, environmental, or engineering data that
come to the Secretary’s attention.</text>
</paragraph></subsection></section><section id="H036CF900A2304B62B1876423ACEC2DC9"><enum>104.</enum><header>Lease
sales</header>
<subsection id="H472E21BC622B49E3BD6CD7AE6FCCFCB4"><enum>(a)</enum><header>In
general</header><text>Lands may be leased pursuant to this title to any person
qualified to obtain a lease for deposits of oil and gas under the Mineral
Leasing Act (<external-xref legal-doc="usc" parsable-cite="usc/30/181">30 U.S.C. 181 et seq.</external-xref>).</text>
</subsection><subsection id="H4519BD0826B149989ED7E2A159DC2310"><enum>(b)</enum><header>Procedures</header><text>The
Secretary shall, by regulation, establish procedures for—</text>
<paragraph id="HEF7FA5816C4B4E0B89003C6980614B2E"><enum>(1)</enum><text>receipt and
consideration of sealed nominations for any area in the Coastal Plain for
inclusion in, or exclusion (as provided in subsection (c)) from, a lease
sale;</text>
</paragraph><paragraph id="H59F6E874CE7644C0A314A664CC706D35"><enum>(2)</enum><text>the holding of
lease sales after such nomination process; and</text>
</paragraph><paragraph id="H818B494FCAF443B18742B5ACAA82D6A5"><enum>(3)</enum><text>public notice of
and comment on designation of areas to be included in, or excluded from, a
lease sale.</text>
</paragraph></subsection><subsection id="H82C62A8D1A3A4B30002C448D3436911B"><enum>(c)</enum><header>Lease sale
bids</header><text>Bidding for leases under this title shall be by sealed
competitive cash bonus bids.</text>
</subsection><subsection id="H685736B01EDA4A81A057F13B5D5E00BC"><enum>(d)</enum><header>Acreage minimum
in first sale</header><text>In the first lease sale under this title, the
Secretary shall offer for lease those tracts the Secretary considers to have
the greatest potential for the discovery of hydrocarbons, taking into
consideration nominations received pursuant to subsection (b)(1), but in no
case less than 200,000 acres.</text>
</subsection><subsection id="HEE0172D299FC45E7B1BCD3F16FBE9DA6"><enum>(e)</enum><header>Timing of lease
sales</header><text>The Secretary shall—</text>
<paragraph id="HA2447518C4F94F6DAE358E1F6B4D53E"><enum>(1)</enum><text>conduct the first
lease sale under this title within 22 months after the date of the enactment of
this Act;</text>
</paragraph><paragraph id="H7F66551AB7E949C992E975B278515772"><enum>(2)</enum><text display-inline="yes-display-inline">evaluate the bids in such sale and issue
leases resulting from such sale, within 90 days after the date of the
completion of such sale; and</text>
</paragraph><paragraph id="H20D2B01C06324B0EA4732463E8903C49"><enum>(3)</enum><text>conduct additional
sales so long as sufficient interest in development exists to warrant, in the
Secretary’s judgment, the conduct of such sales.</text>
</paragraph></subsection></section><section id="HFE8814693BE34C9E97CF19B434B5D479"><enum>105.</enum><header>Grant of leases
by the Secretary</header>
<subsection id="H1CE991AF2BA14F639985B26DF0A8E8A1"><enum>(a)</enum><header>In
general</header><text>The Secretary may grant to the highest responsible
qualified bidder in a lease sale conducted pursuant to section 104 any lands to
be leased on the Coastal Plain upon payment by the lessee of such bonus as may
be accepted by the Secretary.</text>
</subsection><subsection id="HDE641C6D868F4F29939862C3BAAEC54E"><enum>(b)</enum><header>Subsequent
transfers</header><text>No lease issued under this title may be sold,
exchanged, assigned, sublet, or otherwise transferred except with the approval
of the Secretary. Prior to any such approval the Secretary shall consult with,
and give due consideration to the views of, the Attorney General.</text>
</subsection></section><section id="HFE71BD657FD743CCABD123715000FC22"><enum>106.</enum><header>Lease terms and
conditions</header>
<subsection id="H6D71501B36F54B5183004076E49509E7"><enum>(a)</enum><header>In
general</header><text>An oil or gas lease issued pursuant to this title
shall—</text>
<paragraph id="H31BC584267E74270B59DB4DA00DB1564"><enum>(1)</enum><text>provide for the
payment of a royalty of not less than 12½ percent in amount or value of the
production removed or sold from the lease, as determined by the Secretary under
the regulations applicable to other Federal oil and gas leases;</text>
</paragraph><paragraph id="H8E384D200D174DF4BEDCC8D6DC69EDE8"><enum>(2)</enum><text>provide that the
Secretary may close, on a seasonal basis, portions of the Coastal Plain to
exploratory drilling activities as necessary to protect caribou calving areas
and other species of fish and wildlife;</text>
</paragraph><paragraph id="H10DB8AFD125249299D42990765942407"><enum>(3)</enum><text>require that the
lessee of lands within the Coastal Plain shall be fully responsible and liable
for the reclamation of lands within the Coastal Plain and any other Federal
lands that are adversely affected in connection with exploration, development,
production, or transportation activities conducted under the lease and within
the Coastal Plain by the lessee or by any of the subcontractors or agents of
the lessee;</text>
</paragraph><paragraph id="HACCCC0570E8948E5837EBFEC00F154D7"><enum>(4)</enum><text>provide that the
lessee may not delegate or convey, by contract or otherwise, the reclamation
responsibility and liability to another person without the express written
approval of the Secretary;</text>
</paragraph><paragraph id="H2EC2EB421D8C4E29BD231DF6A075CDAF"><enum>(5)</enum><text>provide that the
standard of reclamation for lands required to be reclaimed under this title
shall be, as nearly as practicable, a condition capable of supporting the uses
which the lands were capable of supporting prior to any exploration,
development, or production activities, or upon application by the lessee, to a
higher or better use as approved by the Secretary;</text>
</paragraph><paragraph id="H7B399882906A4E2EBA8B9140947F06A1"><enum>(6)</enum><text>contain terms and
conditions relating to protection of fish and wildlife, their habitat,
subsistence resources, and the environment as required pursuant to section
103(a)(2);</text>
</paragraph><paragraph id="H276F82591F344ABEA6D699C8661E7E89"><enum>(7)</enum><text>provide that the
lessee, its agents, and its contractors use best efforts to provide a fair
share, as determined by the level of obligation previously agreed to in the
1974 agreement implementing section 29 of the Federal Agreement and Grant of
Right of Way for the Operation of the Trans-Alaska Pipeline, of employment and
contracting for Alaska Natives and Alaska Native Corporations from throughout
the State;</text>
</paragraph><paragraph id="H0251052B89D1498CA7DC008C29B627F8"><enum>(8)</enum><text>prohibit the
export of oil produced under the lease; and</text>
</paragraph><paragraph id="HFEA58EBBE9B04098A837CC69EE967358"><enum>(9)</enum><text>contain such other
provisions as the Secretary determines necessary to ensure compliance with the
provisions of this title and the regulations issued under this title.</text>
</paragraph></subsection><subsection id="H1F1945E5D6934851B1978898F305C812"><enum>(b)</enum><header>Project labor
agreements</header><text>The Secretary, as a term and condition of each lease
under this title and in recognizing the Government’s proprietary interest in
labor stability and in the ability of construction labor and management to meet
the particular needs and conditions of projects to be developed under the
leases issued pursuant to this title and the special concerns of the parties to
such leases, shall require that the lessee and its agents and contractors
negotiate to obtain a project labor agreement for the employment of laborers
and mechanics on production, maintenance, and construction under the
lease.</text>
</subsection></section><section id="HB510AEECC0F54A7780315E00EF9600EE"><enum>107.</enum><header>Coastal plain
environmental protection</header>
<subsection id="H44BA7B9FA29B40EDA2F8308703CAB9CD"><enum>(a)</enum><header>No significant
adverse effect standard To govern authorized Coastal Plain
activities</header><text>The Secretary shall, consistent with the requirements
of section 103, administer the provisions of this title through regulations,
lease terms, conditions, restrictions, prohibitions, stipulations, and other
provisions that—</text>
<paragraph id="HE0FCE6EFBDA149F6B2E22AB542DDE89"><enum>(1)</enum><text>ensure the oil and
gas exploration, development, and production activities on the Coastal Plain
will result in no significant adverse effect on fish and wildlife, their
habitat, and the environment;</text>
</paragraph><paragraph id="H46C8189BCA264A5F8E0011C66F93F43D"><enum>(2)</enum><text>require the
application of the best commercially available technology for oil and gas
exploration, development, and production on all new exploration, development,
and production operations; and</text>
</paragraph><paragraph id="H27186F35C1814EF69626FF753F26AEAA"><enum>(3)</enum><text>ensure that the
maximum amount of surface acreage covered by production and support facilities,
including airstrips and any areas covered by gravel berms or piers for support
of pipelines, does not exceed 2,000 acres on the Coastal Plain.</text>
</paragraph></subsection><subsection id="H45CC2EF46FC74F44BFA602EADC7FDF0"><enum>(b)</enum><header>Site-specific
assessment and mitigation</header><text>The Secretary shall also require, with
respect to any proposed drilling and related activities, that—</text>
<paragraph id="HA6DFF56F97CD41728919B70084416172"><enum>(1)</enum><text>a
site-specific analysis be made of the probable effects, if any, that the
drilling or related activities will have on fish and wildlife, their habitat,
subsistence resources, and the environment;</text>
</paragraph><paragraph id="H29B07461D8E349DE82BF6CAF9733715F"><enum>(2)</enum><text>a
plan be implemented to avoid, minimize, and mitigate (in that order and to the
extent practicable) any significant adverse effect identified under paragraph
(1); and</text>
</paragraph><paragraph id="H49306B1EDCB343718020E965A5C1E88D"><enum>(3)</enum><text>the development of
the plan shall occur after consultation with the agency or agencies having
jurisdiction over matters mitigated by the plan.</text>
</paragraph></subsection><subsection id="H51547285020D4738A37C53E820FD5496"><enum>(c)</enum><header>Regulations To
protect coastal plain fish and wildlife resources, subsistence users, and the
environment</header><text>Before implementing the leasing program authorized by
this title, the Secretary shall prepare and promulgate regulations, lease
terms, conditions, restrictions, prohibitions, stipulations, and other measures
designed to ensure that the activities undertaken on the Coastal Plain under
this title are conducted in a manner consistent with the purposes and
environmental requirements of this title.</text>
</subsection><subsection id="H588BFC9ADD074AD2004B359092E74100"><enum>(d)</enum><header>Compliance with
Federal and State environmental laws and other requirements</header><text>The
proposed regulations, lease terms, conditions, restrictions, prohibitions, and
stipulations for the leasing program under this title shall require compliance
with all applicable provisions of Federal and State environmental law, and
shall also require the following:</text>
<paragraph id="H887DD749CF3B4D4B9E4C3BD84FC5E8A3"><enum>(1)</enum><text>Standards at least
as effective as the safety and environmental mitigation measures set forth in
items 1 through 29 at pages 167 through 169 of the <quote>Final Legislative
Environmental Impact Statement</quote> (April 1987) on the Coastal
Plain.</text>
</paragraph><paragraph id="HEBCBB9064EBE4B238932A445806EBA7E"><enum>(2)</enum><text>Seasonal
limitations on exploration, development, and related activities, where
necessary, to avoid significant adverse effects during periods of concentrated
fish and wildlife breeding, denning, nesting, spawning, and migration.</text>
</paragraph><paragraph id="H7368BA2B448E4364A190B0008DAA0053"><enum>(3)</enum><text>That exploration
activities, except for surface geological studies, be limited to the period
between approximately November 1 and May 1 each year and that exploration
activities shall be supported, if necessary, by ice roads, winter trails with
adequate snow cover, ice pads, ice airstrips, and air transport methods, except
that such exploration activities may occur at other times if the Secretary
finds that such exploration will have no significant adverse effect on the fish
and wildlife, their habitat, and the environment of the Coastal Plain.</text>
</paragraph><paragraph id="H9A14358182974C2D8865679DAA9C06DB"><enum>(4)</enum><text>Design safety and
construction standards for all pipelines and any access and service roads,
that—</text>
<subparagraph id="H9819CFB165D44BD388476764C0C8E5EA"><enum>(A)</enum><text>minimize, to the
maximum extent possible, adverse effects upon the passage of migratory species
such as caribou; and</text>
</subparagraph><subparagraph id="HFB7173696D8F408F84E6A45C6997F8FE"><enum>(B)</enum><text>minimize adverse
effects upon the flow of surface water by requiring the use of culverts,
bridges, and other structural devices.</text>
</subparagraph></paragraph><paragraph id="H266D70598DC2435E98415B0293009895"><enum>(5)</enum><text>Prohibitions on
general public access and use on all pipeline access and service roads.</text>
</paragraph><paragraph id="H99E619D8CE4940FBB7BE1BB2B7DA9DF3"><enum>(6)</enum><text>Stringent
reclamation and rehabilitation requirements, consistent with the standards set
forth in this title, requiring the removal from the Coastal Plain of all oil
and gas development and production facilities, structures, and equipment upon
completion of oil and gas production operations, except that the Secretary may
exempt from the requirements of this paragraph those facilities, structures, or
equipment that the Secretary determines would assist in the management of the
Arctic National Wildlife Refuge and that are donated to the United States for
that purpose.</text>
</paragraph><paragraph id="HA43C660A189D4000B6A8A34C7C31958"><enum>(7)</enum><text>Appropriate
prohibitions or restrictions on access by all modes of transportation.</text>
</paragraph><paragraph id="HCC98D1AA2A014717958446F7EDCF53E"><enum>(8)</enum><text>Appropriate
prohibitions or restrictions on sand and gravel extraction.</text>
</paragraph><paragraph id="H29EE58121E38491C8E3375ABB1AF9434"><enum>(9)</enum><text>Consolidation of
facility siting.</text>
</paragraph><paragraph id="H15A05D544AB84F48BB75F3FD7721B182"><enum>(10)</enum><text>Appropriate
prohibitions or restrictions on use of explosives.</text>
</paragraph><paragraph id="HCE99416501334AFD9275621E2CE5F7DF"><enum>(11)</enum><text>Avoidance, to the
extent practicable, of springs, streams, and river system; the protection of
natural surface drainage patterns, wetlands, and riparian habitats; and the
regulation of methods or techniques for developing or transporting adequate
supplies of water for exploratory drilling.</text>
</paragraph><paragraph id="HBAB91ADB805C4D63AA73E76F521F65C"><enum>(12)</enum><text>Avoidance or
minimization of air traffic-related disturbance to fish and wildlife.</text>
</paragraph><paragraph id="H24D3320767724770B4BF26C5E702006B"><enum>(13)</enum><text>Treatment and
disposal of hazardous and toxic wastes, solid wastes, reserve pit fluids,
drilling muds and cuttings, and domestic wastewater, including an annual waste
management report, a hazardous materials tracking system, and a prohibition on
chlorinated solvents, in accordance with applicable Federal and State
environmental law.</text>
</paragraph><paragraph id="H02CC9408D1FA42A49890D46BC9ED2C8B"><enum>(14)</enum><text>Fuel storage and
oil spill contingency planning.</text>
</paragraph><paragraph id="H7D8B434A10744BD0B700E25CF50054E"><enum>(15)</enum><text>Research,
monitoring, and reporting requirements.</text>
</paragraph><paragraph id="HF78F8A42883B4505A6BF517C70A7CA6F"><enum>(16)</enum><text>Field crew
environmental briefings.</text>
</paragraph><paragraph id="H2E51261FE32D4D33A5C81C1E861219C0"><enum>(17)</enum><text>Avoidance of
significant adverse effects upon subsistence hunting, fishing, and trapping by
subsistence users.</text>
</paragraph><paragraph id="H71A541775B7B4BE19542277DA2C122F3"><enum>(18)</enum><text>Compliance with
applicable air and water quality standards.</text>
</paragraph><paragraph id="H98094778B1FE4AC6B7C6741F57314EE9"><enum>(19)</enum><text>Appropriate
seasonal and safety zone designations around well sites, within which
subsistence hunting and trapping shall be limited.</text>
</paragraph><paragraph id="HB9825A50C5DF44788FBF45D90054E14D"><enum>(20)</enum><text>Reasonable
stipulations for protection of cultural and archeological resources.</text>
</paragraph><paragraph id="HACB1815584C84466BA86F8E69F45622B"><enum>(21)</enum><text>All other
protective environmental stipulations, restrictions, terms, and conditions
deemed necessary by the Secretary.</text>
</paragraph></subsection><subsection id="HF88863CFFBA34E22A80000E17D8126E0"><enum>(e)</enum><header>Considerations</header><text>In
preparing and promulgating regulations, lease terms, conditions, restrictions,
prohibitions, and stipulations under this section, the Secretary shall consider
the following:</text>
<paragraph id="H070E54E61F8940DDA0ACFE00F6005D80"><enum>(1)</enum><text>The stipulations
and conditions that govern the National Petroleum Reserve-Alaska leasing
program, as set forth in the 1999 Northeast National Petroleum Reserve-Alaska
Final Integrated Activity Plan/Environmental Impact Statement.</text>
</paragraph><paragraph id="H580F5A498D9E4F6BA0F6009C28F8EAF"><enum>(2)</enum><text>The environmental
protection standards that governed the initial Coastal Plain seismic
exploration program under parts 37.31 to 37.33 of title 50, Code of Federal
Regulations.</text>
</paragraph><paragraph id="HBEAB8ABE810B4A56A45974B200EF4635"><enum>(3)</enum><text>The land use
stipulations for exploratory drilling on the KIC–ASRC private lands that are
set forth in Appendix 2 of the August 9, 1983, agreement between Arctic Slope
Regional Corporation and the United States.</text>
</paragraph></subsection><subsection id="H5F7D3BAC80C743BEB2938307D2E5A41D"><enum>(f)</enum><header>Facility
consolidation planning</header>
<paragraph id="H8B2BEAB05D6A4856A471DB5F7C224949"><enum>(1)</enum><header>In
general</header><text>The Secretary shall, after providing for public notice
and comment, prepare and update periodically a plan to govern, guide, and
direct the siting and construction of facilities for the exploration,
development, production, and transportation of Coastal Plain oil and gas
resources.</text>
</paragraph><paragraph id="HD1E889CC374746FAB0D3394E5B8100AE"><enum>(2)</enum><header>Objectives</header><text>The
plan shall have the following objectives:</text>
<subparagraph id="HE3353DDFCA0D418EB5746682EADF3126"><enum>(A)</enum><text>Avoiding
unnecessary duplication of facilities and activities.</text>
</subparagraph><subparagraph id="HA19F6160931C4BAEB169824517B6176D"><enum>(B)</enum><text>Encouraging
consolidation of common facilities and activities.</text>
</subparagraph><subparagraph id="H541AD62DD1524B15873CAE1119DD3B08"><enum>(C)</enum><text>Locating or
confining facilities and activities to areas that will minimize impact on fish
and wildlife, their habitat, and the environment.</text>
</subparagraph><subparagraph id="H8E15805496B54797B0E3FC3D44796BC8"><enum>(D)</enum><text>Utilizing existing
facilities wherever practicable.</text>
</subparagraph><subparagraph id="H5C01F0E2EBDA4FBF85BE6378DDA70066"><enum>(E)</enum><text>Enhancing
compatibility between wildlife values and development activities.</text>
</subparagraph></paragraph></subsection><subsection id="HBC0D296EA91D4C93ADD4A2FCC02FF253"><enum>(g)</enum><header>Access to public
lands</header><text>The Secretary shall—</text>
<paragraph id="HECB849E0505C46D0A99C9694E506FA50"><enum>(1)</enum><text>manage public
lands in the Coastal Plain subject to subsections (a) and (b) of section 811 of
the Alaska National Interest Lands Conservation Act (<external-xref legal-doc="usc" parsable-cite="usc/16/3121">16 U.S.C. 3121</external-xref>);
and</text>
</paragraph><paragraph id="HE04C7730D3E5452BA60099A671055BE3"><enum>(2)</enum><text>ensure that local
residents shall have reasonable access to public lands in the Coastal Plain for
traditional uses.</text>
</paragraph></subsection></section><section id="HCF7A2EB8D062469D007419D900C7B5A"><enum>108.</enum><header>Expedited
judicial review</header>
<subsection id="H47A59117BEA0436787123BB04889A708"><enum>(a)</enum><header>Filing of
complaint</header>
<paragraph id="HD3C5552B11A64346B73088B53EC87942"><enum>(1)</enum><header>Deadline</header><text>Subject
to paragraph (2), any complaint seeking judicial review of any provision of
this title or any action of the Secretary under this title shall be
filed—</text>
<subparagraph id="H67B717C4C80B468D8B125994D55BDAFD"><enum>(A)</enum><text>except as provided
in subparagraph (B), within the 90-day period beginning on the date of the
action being challenged; or</text>
</subparagraph><subparagraph id="HA283D4FDB2EE430BB70731EDEC5643F0"><enum>(B)</enum><text>in the case of a
complaint based solely on grounds arising after such period, within 90 days
after the complainant knew or reasonably should have known of the grounds for
the complaint.</text>
</subparagraph></paragraph><paragraph id="H01564424B3D84D809F768411CDBEC58B"><enum>(2)</enum><header>Venue</header><text>Any
complaint seeking judicial review of any provision of this title or any action
of the Secretary under this title may be filed only in the United States Court
of Appeals for the District of Columbia.</text>
</paragraph><paragraph id="H9C430BDCE61241569EA153031F912980"><enum>(3)</enum><header>Limitation on
scope of certain review</header><text>Judicial review of a Secretarial decision
to conduct a lease sale under this title, including the environmental analysis
thereof, shall be limited to whether the Secretary has complied with the terms
of this title and shall be based upon the administrative record of that
decision. The Secretary’s identification of a preferred course of action to
enable leasing to proceed and the Secretary’s analysis of environmental effects
under this title shall be presumed to be correct unless shown otherwise by
clear and convincing evidence to the contrary.</text>
</paragraph></subsection><subsection id="HB70413E5B38045249695B3A8C981E328"><enum>(b)</enum><header>Limitation on
other review</header><text>Actions of the Secretary with respect to which
review could have been obtained under this section shall not be subject to
judicial review in any civil or criminal proceeding for enforcement.</text>
</subsection></section><section id="HFD07D9ED2EBF4FDD82091E94A715B35E"><enum>109.</enum><header>Federal and
State distribution of revenues</header>
<subsection id="HF946378D29DA4E83B468AFC62200D71E"><enum>(a)</enum><header>In
general</header><text>Notwithstanding any other provision of law, of the amount
of adjusted bonus, rental, and royalty revenues from Federal oil and gas
leasing and operations authorized under this title—</text>
<paragraph id="H56A8F9D2F206497D94346F8757EDCF34"><enum>(1)</enum><text>50 percent shall
be paid to the State of Alaska; and</text>
</paragraph><paragraph id="H1FDD7E9EDF4B414EA9C8B3EBCCE5A8B"><enum>(2)</enum><text display-inline="yes-display-inline">except as provided in section 112(d), the
balance shall be transferred to the ANWR Alternative Energy Trust Fund
established by this title.</text>
</paragraph></subsection><subsection id="H7F15136F8BDA40B1BE87C3FEB6AF42ED"><enum>(b)</enum><header>Payments to
Alaska</header><text>Payments to the State of Alaska under this section shall
be made semiannually.</text>
</subsection></section><section id="H434DBF05081648E89B0041C3DB6813F9"><enum>110.</enum><header>Rights-of-way
across the Coastal Plain</header>
<subsection id="H7BA529AF0175412D864474A32DCD162B"><enum>(a)</enum><header>In
general</header><text>The Secretary shall issue rights-of-way and easements
across the Coastal Plain for the transportation of oil and gas—</text>
<paragraph id="H535657A500C1433A824991B938AD9D12"><enum>(1)</enum><text>except as provided
in paragraph (2), under section 28 of the Mineral Leasing Act (<external-xref legal-doc="usc" parsable-cite="usc/30/185">30 U.S.C. 185</external-xref>),
without regard to title XI of the Alaska National Interest Lands Conservation
Act (<external-xref legal-doc="usc" parsable-cite="usc/30/3161">30 U.S.C. 3161 et seq.</external-xref>); and</text>
</paragraph><paragraph id="HE766788976B3429E88AC8D45E2EF27CF"><enum>(2)</enum><text>under title XI of
the Alaska National Interest Lands Conservation Act (<external-xref legal-doc="usc" parsable-cite="usc/30/3161">30 U.S.C. 3161 et seq.</external-xref>),
for access authorized by sections 1110 and 1111 of that Act (16 U.S.C. 3170 and
3171).</text>
</paragraph></subsection><subsection id="HB44399EC580D47B88BDB6E689FE25CF8"><enum>(b)</enum><header>Terms and
conditions</header><text>The Secretary shall include in any right-of-way or
easement issued under subsection (a) such terms and conditions as may be
necessary to ensure that transportation of oil and gas does not result in a
significant adverse effect on the fish and wildlife, subsistence resources,
their habitat, and the environment of the Coastal Plain, including requirements
that facilities be sited or designed so as to avoid unnecessary duplication of
roads and pipelines.</text>
</subsection><subsection id="HA60ABBC939084DA6BB726B0935FD98B4"><enum>(c)</enum><header>Regulations</header><text>The
Secretary shall include in regulations under section 103(g) provisions granting
rights-of-way and easements described in subsection (a) of this section.</text>
</subsection></section><section id="HC000C5AA48294BD29C49E04CAADE687"><enum>111.</enum><header>Conveyance</header><text display-inline="no-display-inline">In order to maximize Federal revenues by
removing clouds on title to lands and clarifying land ownership patterns within
the Coastal Plain, the Secretary, notwithstanding the provisions of section
1302(h)(2) of the Alaska National Interest Lands Conservation Act (16 U.S.C.
3192(h)(2)), shall convey—</text>
<paragraph id="HB2EACBAEBF5145D4AE62A9CA832922AD"><enum>(1)</enum><text>to the Kaktovik
Inupiat Corporation the surface estate of the lands described in paragraph 1 of
Public Land Order 6959, to the extent necessary to fulfill the Corporation’s
entitlement under sections 12 and 14 of the Alaska Native Claims Settlement Act
(43 U.S.C. 1611 and 1613) in accordance with the terms and conditions of the
Agreement between the Department of the Interior, the United States Fish and
Wildlife Service, the Bureau of Land Management, and the Kaktovik Inupiat
Corporation effective January 22, 1993; and</text>
</paragraph><paragraph id="H7A4EFEFB4810428FA232B3F987837F33"><enum>(2)</enum><text>to the Arctic
Slope Regional Corporation the remaining subsurface estate to which it is
entitled pursuant to the August 9, 1983, agreement between the Arctic Slope
Regional Corporation and the United States of America.</text>
</paragraph></section><section id="HCC65CF9359704C69976785D216C2AE79"><enum>112.</enum><header>Local
government impact aid and community service assistance</header>
<subsection id="H53DAFC928DF6468A8838C7E83EAE643E"><enum>(a)</enum><header>Financial
assistance authorized</header>
<paragraph id="H7FB79446F3C94AB6B742EF34C867B418"><enum>(1)</enum><header>In
general</header><text>The Secretary may use amounts available from the Coastal
Plain Local Government Impact Aid Assistance Fund established by subsection (d)
to provide timely financial assistance to entities that are eligible under
paragraph (2) and that are directly impacted by the exploration for or
production of oil and gas on the Coastal Plain under this title.</text>
</paragraph><paragraph id="HCF6C2D831F714D11A7217EC1F83C4947"><enum>(2)</enum><header>Eligible
entities</header><text>The North Slope Borough, the City of Kaktovik, and any
other borough, municipal subdivision, village, or other community in the State
of Alaska that is directly impacted by exploration for, or the production of,
oil or gas on the Coastal Plain under this title, as determined by the
Secretary, shall be eligible for financial assistance under this
section.</text>
</paragraph></subsection><subsection id="HF40DEB5FF05C4377BF874DE7BAC0DE42"><enum>(b)</enum><header>Use of
assistance</header><text>Financial assistance under this section may be used
only for—</text>
<paragraph id="H2F1AA24830E1446DBBB6BE11ABF25225"><enum>(1)</enum><text>planning for
mitigation of the potential effects of oil and gas exploration and development
on environmental, social, cultural, recreational, and subsistence
values;</text>
</paragraph><paragraph id="H7EFE6CA1E0A3468A8189A2D92F44E4EF"><enum>(2)</enum><text>implementing
mitigation plans and maintaining mitigation projects;</text>
</paragraph><paragraph id="HC52507326F2648B1006300851E4FF9DD"><enum>(3)</enum><text>developing,
carrying out, and maintaining projects and programs that provide new or
expanded public facilities and services to address needs and problems
associated with such effects, including fire-fighting, police, water, waste
treatment, medivac, and medical services; and</text>
</paragraph><paragraph id="H0C59AA7EAD2F4D529F78B4AE45FD2637"><enum>(4)</enum><text>establishment of a
coordination office, by the North Slope Borough, in the City of Kaktovik, which
shall—</text>
<subparagraph id="H8BB4134D40D0456688E0EB85FC07CC00"><enum>(A)</enum><text>coordinate with
and advise developers on local conditions, impact, and history of the areas
utilized for development; and</text>
</subparagraph><subparagraph id="H0F9A8CBFA20C4962BE70CE91908E5F33"><enum>(B)</enum><text>provide to the
Committee on Resources of the House of Representatives and the Committee on
Energy and Natural Resources of the Senate an annual report on the status of
coordination between developers and the communities affected by
development.</text>
</subparagraph></paragraph></subsection><subsection id="H2068E35FD230444BA0FF008FEECCB600"><enum>(c)</enum><header>Application</header>
<paragraph id="H7BBB23C8D9E5484E98ADB0813837298C"><enum>(1)</enum><header>In
general</header><text>Any community that is eligible for assistance under this
section may submit an application for such assistance to the Secretary, in such
form and under such procedures as the Secretary may prescribe by
regulation.</text>
</paragraph><paragraph id="H7FBC37DB85BC4C9AB539868B48C297AD"><enum>(2)</enum><header>North Slope
Borough communities</header><text>A community located in the North Slope
Borough may apply for assistance under this section either directly to the
Secretary or through the North Slope Borough.</text>
</paragraph><paragraph id="H7E42B5138E224B8BBF01DE02D9AFACF1"><enum>(3)</enum><header>Application
assistance</header><text>The Secretary shall work closely with and assist the
North Slope Borough and other communities eligible for assistance under this
section in developing and submitting applications for assistance under this
section.</text>
</paragraph></subsection><subsection id="H5F477519144C498DA3EE002EE007BB4F"><enum>(d)</enum><header>Establishment of
fund</header>
<paragraph id="H8C484EE51027452F81C900A69848EBBE"><enum>(1)</enum><header>In
general</header><text>There is established in the Treasury the Coastal Plain
Local Government Impact Aid Assistance Fund.</text>
</paragraph><paragraph id="HA83F9BCA82D34B18A885C4AE1C155389"><enum>(2)</enum><header>Use</header><text>Amounts
in the fund may be used only for providing financial assistance under this
section.</text>
</paragraph><paragraph id="H88D9C4CC2A6B4781B551FF172505009F"><enum>(3)</enum><header>Deposits</header><text>Subject
to paragraph (4), there shall be deposited into the fund amounts received by
the United States as revenues derived from rents, bonuses, and royalties from
Federal leases and lease sales authorized under this title.</text>
</paragraph><paragraph id="HEFC3234CC18D4365B1195E04B165C318"><enum>(4)</enum><header>Limitation on
deposits</header><text>The total amount in the fund may not exceed
$11,000,000.</text>
</paragraph><paragraph id="H903196B151CF43C6B6AD9BA549FC960"><enum>(5)</enum><header>Investment of
balances</header><text>The Secretary of the Treasury shall invest amounts in
the fund in interest bearing government securities.</text>
</paragraph></subsection><subsection id="HE788082631E64BFE86AF02E43E2ECCC"><enum>(e)</enum><header>Authorization of
appropriations</header><text>To provide financial assistance under this section
there is authorized to be appropriated to the Secretary from the Coastal Plain
Local Government Impact Aid Assistance Fund $5,000,000 for each fiscal
year.</text>
</subsection></section><section id="H074C7EC388894CCDAED3E3594BF600E"><enum>113.</enum><header>ANWR Alternative
Energy Trust Fund</header>
<subsection id="H1F4CA6B9CC3B415EBC07E9ADCCD0469C"><enum>(a)</enum><header>Establishment of
trust fund</header><text>There is established in the Treasury of the United
States a trust fund to be known as the <quote>ANWR Alternative Energy Trust
Fund</quote>, consisting of such amounts as may be transferred to the ANWR
Alternative Energy Trust Fund as provided in section 109.</text>
</subsection><subsection id="H1EE396156BE44CAB8EE543647630436E"><enum>(b)</enum><header>Expenditures
from ANWR Alternative Energy Trust Fundk</header>
<paragraph id="HC595425620FC4C0E8C2196141EE3A34D"><enum>(1)</enum><header>In
general</header><text>Amounts in the ANWR Alternative Energy Trust Fund shall
be available without further appropriation to carry out specified provisions of
the Energy Policy Act of 2005 (<external-xref legal-doc="public-law" parsable-cite="pl/109/58">Public Law 109–58</external-xref>; in this section referred to
as <quote>EPAct2005</quote>) and the Energy Independence and Security Act of
2007 (<external-xref legal-doc="public-law" parsable-cite="pl/110/140">Public Law 110–140</external-xref>; in this section referred to as
<quote>EISAct2007</quote>), as follows:<pagebreak></pagebreak></text>
<table colsep="0" frame="none" line-rules="no-gen" rowsep="0" rule-weights="0.0.0.0.0.4" table-type="">
<tgroup cols="2" no-carding="1" rowsep="0"><colspec coldef="txt" colname="column1" colnum="0" colwidth="214pts" min-data-value="50"></colspec><colspec coldef="fig" colname="column2" colnum="1" colwidth="111pts" min-data-value="20"></colspec>
<thead>
<row><entry align="left" colname="column1" morerows="0" namest="column1" valign="bottom"><bold>To carry out the provisions
of:</bold></entry><entry align="left" colname="column2" morerows="0" namest="column2"><bold>The following percentage of annual receipts to the ANWR
Alternative Energy Trust Fund, but not to exceed the limit on amount
authorized, if any:</bold></entry>
</row>
</thead>
<tbody>
<row><entry colname="column1" leader-modify="clr-ldr" rowsep="0" stub-hierarchy="1">EPAct2005:</entry><entry colname="column2" leader-modify="clr-ldr" rowsep="0"></entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Section
210</entry><entry colname="column2" rowsep="0">1.5 percent</entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Section
242</entry><entry colname="column2">1.0 percent</entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Section
369</entry><entry colname="column2">2.0 percent</entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Section
401</entry><entry colname="column2">6.0 percent</entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Section
812</entry><entry colname="column2">6.0 percent</entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Section
931</entry><entry colname="column2">19.0 percent</entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Section
942</entry><entry colname="column2">1.5 percent</entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Section
962</entry><entry colname="column2">3.0 percent</entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Section
968</entry><entry colname="column2">1.5 percent</entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Section
1704 </entry><entry colname="column2">6.0 percent</entry>
</row>
<row><entry colname="column1" leader-modify="clr-ldr" rowsep="0" stub-hierarchy="1">EISAct2007:</entry><entry colname="column2" leader-modify="clr-ldr" rowsep="0"></entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Section
207</entry><entry colname="column2">15.0 percent</entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Section
607</entry><entry colname="column2">1.5 percent</entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Title
VI, Subtitle B</entry><entry colname="column2">3.0 percent</entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Title
VI, Subtitle C</entry><entry colname="column2">1.5 percent</entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Section
641</entry><entry colname="column2">9.0 percent</entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Title
VII, Subtitle A</entry><entry colname="column2">15.0 percent</entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Section
1112</entry><entry colname="column2">1.5 percent</entry>
</row>
<row><entry colname="column1" rowsep="0" stub-hierarchy="2">Section
1304</entry><entry colname="column2">6.0 percent.</entry>
</row>
</tbody>
</tgroup>
</table>
</paragraph><paragraph id="H2B43D250B5974A87B70000AC7354E466"><enum>(2)</enum><header>Apportionment of
excess amount</header><text display-inline="yes-display-inline">Notwithstanding
paragraph (1), any amounts allocated under paragraph (1) that are in excess of
the amounts authorized in the applicable cited section or subtitle of EPAct2005
and EISAct2007 shall be reallocated to the remaining sections and subtitles
cited in paragraph (1), up to the amounts otherwise authorized by law to carry
out such sections and subtitles, in proportion to the amounts authorized by law
to be appropriated for such other sections and subtitles.</text>
</paragraph></subsection></section><enum>II</enum><header>OPENING OF OUTER
CONTINENTAL SHELF</header>
<section id="H7FA7620D9F4F44D200F127F78C65B11" section-type="subsequent-section"><enum>201.</enum><header>Short
title</header><text display-inline="no-display-inline">This title may be cited
as the <quote><short-title>Deep Ocean Energy Resources Act
of 2008</short-title></quote>.</text>
</section><section id="H1A649E16249D433A86F88E95512B7583"><enum>202.</enum><header>Policy</header><text display-inline="no-display-inline">It is the policy of the United States
that—</text>
<paragraph id="H66FDC1B442224B3C89EC039C9C1E4052"><enum>(1)</enum><text>the United States
is blessed with abundant energy resources on the outer Continental Shelf and
has developed a comprehensive framework of environmental laws and regulations
and fostered the development of state-of-the-art technology that allows for the
responsible development of these resources for the benefit of its
citizenry;</text>
</paragraph><paragraph id="HBF021F21A68F4E1AA42FD700FC667930"><enum>(2)</enum><text>adjacent States
are required by the circumstances to commit significant resources in support of
exploration, development, and production activities for mineral resources on
the outer Continental Shelf, and it is fair and proper for a portion of the
receipts from such activities to be shared with Adjacent States and their local
coastal governments;</text>
</paragraph><paragraph id="HA3D74CD61F36477FBD23A7EE1010BDC"><enum>(3)</enum><text>the existing laws
governing the leasing and production of the mineral resources of the outer
Continental Shelf have reduced the production of mineral resources, have
preempted Adjacent States from being sufficiently involved in the decisions
regarding the allowance of mineral resource development, and have been harmful
to the national interest;</text>
</paragraph><paragraph id="HBA235F8E859E424EA285F4009E8F83D2"><enum>(4)</enum><text>the national
interest is served by granting the Adjacent States more options related to
whether or not mineral leasing should occur in the outer Continental Shelf
within their Adjacent Zones;</text>
</paragraph><paragraph id="H09D71C12AED745498BACC15F78C35AC"><enum>(5)</enum><text>it
is not reasonably foreseeable that exploration of a leased tract located more
than 25 miles seaward of the coastline, development and production of a natural
gas discovery located more than 25 miles seaward of the coastline, or
development and production of an oil discovery located more than 50 miles
seaward of the coastline will adversely affect resources near the
coastline;</text>
</paragraph><paragraph id="H3C5F2927B3344A4C8B942F4FE24C6CE4"><enum>(6)</enum><text>transportation of
oil from a leased tract might reasonably be foreseen, under limited
circumstances, to have the potential to adversely affect resources near the
coastline if the oil is within 50 miles of the coastline, but such potential to
adversely affect such resources is likely no greater, and probably less, than
the potential impacts from tanker transportation because tanker spills usually
involve large releases of oil over a brief period of time; and</text>
</paragraph><paragraph id="HEABCB70EAF8940E296AAB17DB78662F3"><enum>(7)</enum><text>among other bodies
of inland waters, the Great Lakes, Long Island Sound, Delaware Bay, Chesapeake
Bay, Albemarle Sound, San Francisco Bay, and Puget Sound are not part of the
outer Continental Shelf, and are not subject to leasing by the Federal
Government for the exploration, development, and production of any mineral
resources that might lie beneath them.</text>
</paragraph></section><section id="H1827D1558DC348A59033B9707EE08E4"><enum>203.</enum><header>Definitions
under the Outer Continental Shelf Lands Act</header><text display-inline="no-display-inline">Section 2 of the Outer Continental Shelf
Lands Act (<external-xref legal-doc="usc" parsable-cite="usc/43/1331">43 U.S.C. 1331</external-xref>) is amended—</text>
<paragraph id="H12D3BA419CE241AEB2C4138701CCAFB5"><enum>(1)</enum><text>by amending
paragraph (f) to read as follows:</text>
<quoted-block id="H9848661917A440C78967E98292A0B400" style="OLC">
<subsection id="H9E49884F6D2646EEA608EF584894D96"><enum>(f)</enum><text>The term
<term>affected State</term> means the Adjacent
State.</text>
</subsection><after-quoted-block>;</after-quoted-block></quoted-block>
</paragraph><paragraph id="H5CDDB858E45A44B899777C97598728F3"><enum>(2)</enum><text>by striking the
semicolon at the end of each of paragraphs (a) through (o) and inserting a
period;</text>
</paragraph><paragraph id="H75FD1DB8A53E4DFE8C17F47E5CABCDB9"><enum>(3)</enum><text>by striking
<quote>; and</quote> at the end of paragraph (p) and inserting a period;</text>
</paragraph><paragraph id="HA29C556A76B843828236FE00831B65F6"><enum>(4)</enum><text>by adding at the
end the following:</text>
<quoted-block id="H5048F5E9D65D4E0787BDDB1F9BEE5650" style="OLC">
<subsection id="H4903F1C9BC2C4915AB14A63D9C52CDDA"><enum>(r)</enum><text>The term
<term>Adjacent State</term> means, with respect to any program, plan, lease
sale, leased tract or other activity, proposed, conducted, or approved pursuant
to the provisions of this Act, any State the laws of which are declared,
pursuant to section 4(a)(2), to be the law of the United States for the portion
of the outer Continental Shelf on which such program, plan, lease sale, leased
tract or activity appertains or is, or is proposed to be, conducted. For
purposes of this paragraph, the term <term>State</term> includes Puerto Rico
and the other Territories of the United States.</text>
</subsection><subsection id="HD18C8BC2814E47DB8EE9F3F97305C6F"><enum>(s)</enum><text>The term
<term>Adjacent Zone</term> means, with respect to any program, plan, lease
sale, leased tract, or other activity, proposed, conducted, or approved
pursuant to the provisions of this Act, the portion of the outer Continental
Shelf for which the laws of a particular Adjacent State are declared, pursuant
to section 4(a)(2), to be the law of the United States.</text>
</subsection><subsection id="HB12D8A63521341568CE28B4689A7FAA8"><enum>(t)</enum><text>The term
<term>miles</term> means statute miles.</text>
</subsection><subsection id="H45BB3EC0AECC4FEC8000BC012E005853"><enum>(u)</enum><text>The term
<term>coastline</term> has the same meaning as the term <term>coast line</term>
as defined in section 2(c) of the Submerged Lands Act (43 U.S.C.
1301(c)).</text>
</subsection><subsection id="H2D65CFB9F1334DCB84C9B30080551FA1"><enum>(v)</enum><text>The term
<term>Neighboring State</term> means a coastal State having a common boundary
at the coastline with the Adjacent
State.</text>
</subsection><after-quoted-block>;
and</after-quoted-block></quoted-block>
</paragraph><paragraph id="HCD1084AF1B3D471383844C5E41028FC0"><enum>(5)</enum><text>in paragraph (a),
by inserting after <quote>control</quote> the following: <quote>or lying within
the United States exclusive economic zone adjacent to the Territories of the
United States</quote>.</text>
</paragraph></section><section id="H4CBB496C4FC847A991E887D2AAEBBE00"><enum>204.</enum><header>Determination
of Adjacent Zones and planning areas</header><text display-inline="no-display-inline">Section 4(a)(2)(A) of the Outer Continental
Shelf Lands Act (<external-xref legal-doc="usc" parsable-cite="usc/43/1333">43 U.S.C. 1333(a)(2)(A)</external-xref>) is amended in the first sentence by
striking <quote>, and the President</quote> and all that follows through the
end of the sentence and inserting the following: <quote>. The lines extending
seaward and defining each State’s Adjacent Zone, and each OCS Planning Area,
are as indicated on the maps for each outer Continental Shelf region entitled
<quote>Alaska OCS Region State Adjacent Zone and OCS Planning Areas</quote>,
<quote>Pacific OCS Region State Adjacent Zones and OCS Planning Areas</quote>,
<quote>Gulf of Mexico OCS Region State Adjacent Zones and OCS Planning
Areas</quote>, and <quote>Atlantic OCS Region State Adjacent Zones and OCS
Planning Areas</quote>, all of which are dated September 2005 and on file in
the Office of the Director, Minerals Management Service.</quote>.</text>
</section><section id="HC778DE24B6734EBD008926D3C3E25BA4"><enum>205.</enum><header>Administration
of leasing</header><text display-inline="no-display-inline">Section 5 of the
Outer Continental Shelf Lands Act (<external-xref legal-doc="usc" parsable-cite="usc/43/1334">43 U.S.C. 1334</external-xref>) is amended by adding at the
end the following:</text>
<quoted-block id="H6E1B294754AF4E10A5C3D1285C467894" style="OLC">
<subsection id="HB3F48385119E41A8B50700437588DEBB"><enum>(k)</enum><header>Voluntary
Partial Relinquishment of a Lease</header><text>Any lessee of a producing lease
may relinquish to the Secretary any portion of a lease that the lessee has no
interest in producing and that the Secretary finds is geologically prospective.
In return for any such relinquishment, the Secretary shall provide to the
lessee a royalty incentive for the portion of the lease retained by the lessee,
in accordance with regulations promulgated by the Secretary to carry out this
subsection. The Secretary shall publish final regulations implementing this
subsection within 365 days after the date of the enactment of the Deep Ocean
Energy Resources Act of 2008.</text>
</subsection><subsection id="HC33307D5B3DE4C5600A1A0C7B879AC9"><enum>(l)</enum><header>Natural Gas Lease
Regulations</header><text>Not later than July 1, 2009, the Secretary shall
publish a final regulation that shall—</text>
<paragraph id="H6D4C4E4B7E0149B7AA66DE76FE32E786"><enum>(1)</enum><text>establish
procedures for entering into natural gas leases;</text>
</paragraph><paragraph id="H50E51979B37E440194CF37551F17A121"><enum>(2)</enum><text>ensure that
natural gas leases are only available for tracts on the outer Continental Shelf
that are wholly within 100 miles of the coastline within an area withdrawn from
disposition by leasing on the day after the date of enactment of the Deep Ocean
Energy Resources Act of 2008;</text>
</paragraph><paragraph id="H69E8D67090DB4F02B282E123C0E24BBD"><enum>(3)</enum><text>provide that
natural gas leases shall contain the same rights and obligations established
for oil and gas leases, except as otherwise provided in the Deep Ocean Energy
Resources Act of 2008;</text>
</paragraph><paragraph id="H3D5615A0F01B4D40B1205CF8E00971C2"><enum>(4)</enum><text>provide that, in
reviewing the adequacy of bids for natural gas leases, the value of any crude
oil estimated to be contained within any tract shall be excluded;</text>
</paragraph><paragraph id="H9F03902B7B4A475FA345EEBD854FDF3"><enum>(5)</enum><text>provide that any
crude oil produced from a well and reinjected into the leased tract shall not
be subject to payment of royalty, and that the Secretary shall consider, in
setting the royalty rates for a natural gas lease, the additional cost to the
lessee of not producing any crude oil; and</text>
</paragraph><paragraph id="H55E9C33E058E4E77AD1DFAE9E300C684"><enum>(6)</enum><text>provide that any
Federal law that applies to an oil and gas lease on the outer Continental Shelf
shall apply to a natural gas lease unless otherwise clearly
inapplicable.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="H9EACE0EBC4B441F08CFA037B9E0091DD"><enum>206.</enum><header>Grant of leases
by Secretary</header><text display-inline="no-display-inline">Section 8 of the
Outer Continental Shelf Lands Act (<external-xref legal-doc="usc" parsable-cite="usc/43/1337">43 U.S.C. 1337</external-xref>) is amended—</text>
<paragraph id="HFD21A08853A14FD097B0C61B9EBB00"><enum>(1)</enum><text>in
subsection (a)(1) by inserting after the first sentence the following:
<quote>Further, the Secretary may grant natural gas leases in a manner similar
to the granting of oil and gas leases and under the various bidding systems
available for oil and gas leases.</quote>;</text>
</paragraph><paragraph id="H9EFD422AB1E044C5A4003654EC91D47F"><enum>(2)</enum><text>by adding at the
end of subsection (b) the following:</text>
<quoted-block display-inline="no-display-inline" id="H5EE8728FD05A46138D89428E06FDE369" style="OLC">
<quoted-block-continuation-text quoted-block-continuation-text-level="subsection">The
Secretary may issue more than one lease for a given tract if each lease applies
to a separate and distinct range of vertical depths, horizontal surface area,
or a combination of the two. The Secretary may issue regulations that the
Secretary determines are necessary to manage such leases consistent with the
purposes of this
Act.</quoted-block-continuation-text><after-quoted-block>;</after-quoted-block></quoted-block>
</paragraph><paragraph id="H557CAC55BA8445B58477F900E4005773"><enum>(3)</enum><text>by amending
subsection (p)(2)(B) to read as follows:</text>
<quoted-block id="HC2A69DC109964689B4136E08EA6D1727" style="OLC">
<subparagraph id="HEF408A87B5274067BB94EA2476F3C038" indent="up1"><enum>(B)</enum><text>The Secretary shall provide for the
payment to coastal states, and their local coastal governments, of 25 percent
of Federal receipts from projects authorized under this section located
partially or completely within the area extending seaward of State submerged
lands out to 4 marine leagues from the coastline, and the payment to coastal
states of 25 percent of the receipts from projects completely located in the
area more than 4 marine leagues from the coastline. Payments shall be based on
a formula established by the Secretary by rulemaking no later than 180 days
after the date of the enactment of the Deep Ocean Energy Resources Act of 2008
that provides for equitable distribution, based on proximity to the project,
among coastal states that have coastline that is located within 200 miles of
the geographic center of the
project.</text>
</subparagraph><after-quoted-block>;</after-quoted-block></quoted-block>
</paragraph><paragraph id="H028C9DE58DFF459084F1938BFF03865E"><enum>(4)</enum><text>by adding at the
end the following:</text>
<quoted-block id="HE2A6FC4F0D9D4FFE8B59C8F19DA5E736" style="OLC">
<subsection id="H97A70CF8EAF849F2AE30508873CD7377"><enum>(q)</enum><header>Natural Gas
Leases</header>
<paragraph id="H97415F9512B54FD497A2D6A1927C8F96"><enum>(1)</enum><header>Right to produce
natural gas</header><text>A lessee of a natural gas lease shall have the right
to produce the natural gas from a field on a natural gas leased tract if the
Secretary estimates that the discovered field has at least 40 percent of the
economically recoverable Btu content of the field contained within natural gas
and such natural gas is economical to produce.</text>
</paragraph><paragraph id="H481B2F0396194FE9855694AB05DCE495"><enum>(2)</enum><header>Crude
oil</header><text>A lessee of a natural gas lease may not produce crude oil
from the lease.</text>
</paragraph><paragraph id="HA8FAB560EDCC472C902ED48570A87033"><enum>(3)</enum><header>Estimates of btu
content</header><text>The Secretary shall make estimates of the natural gas Btu
content of discovered fields on a natural gas lease only after the completion
of at least one exploration well, the data from which has been tied to the
results of a three-dimensional seismic survey of the field. The Secretary may
not require the lessee to further delineate any discovered field prior to
making such estimates.</text>
</paragraph><paragraph id="HE2499162446A4EF3830064DCA24F7928"><enum>(4)</enum><header>Definition of
natural gas</header><text>For purposes of a natural gas lease, natural gas
means natural gas and all substances produced in association with gas,
including, but not limited to, hydrocarbon liquids (other than crude oil) that
are obtained by the condensation of hydrocarbon vapors and separate out in
liquid form from the produced gas stream.</text>
</paragraph></subsection><subsection id="HEDE9707EBF5C4FABB9BC93431BD374B5"><enum>(r)</enum><header>Removal of
Restrictions on Joint Bidding in Certain Areas of the Outer Continental
Shelf</header><text>Restrictions on joint bidders shall no longer apply to
tracts located in the Alaska OCS Region. Such restrictions shall not apply to
tracts in other OCS regions determined to be <quote>frontier tracts</quote> or
otherwise <quote>high cost tracts</quote> under final regulations that shall be
published by the Secretary by not later than 365 days after the date of the
enactment of the Deep Ocean Energy Resources Act of 2008.</text>
</subsection><subsection id="HCA9ECE5BADCD4B09A91FDE03BF1C42EF"><enum>(s)</enum><header>Royalty
Suspension Provisions</header><text>The Secretary shall agree to a request by
any lessee to amend any lease issued for Central and Western Gulf of Mexico
tracts during the period of January 1, 1998, through December 31, 1999, to
incorporate price thresholds applicable to royalty suspension provisions, or
amend existing price thresholds, in the amount of $40.50 per barrel (2006
dollars) for oil and for natural gas of $6.75 per million Btu (2006 dollars).
Any amended lease shall impose the new or revised price thresholds effective
October 1, 2008. Existing lease provisions shall prevail through September 30,
2008. After the date of the enactment of the Deep Ocean Energy Resources Act of
2008, price thresholds shall apply to any royalty suspension volumes granted by
the Secretary. Unless otherwise set by Secretary by regulation or for a
particular lease sale, the price thresholds shall be $40.50 for oil (2006
dollars) and $6.75 for natural gas (2006 dollars).</text>
</subsection><subsection id="HB1360632C3FC4A2FA300EDF6C9DEBFE"><enum>(t)</enum><header>Conservation of
Resources Fees</header>
<paragraph id="H282654B2805F47AEBF06A691E7E87C42"><enum>(1)</enum><text>Not later than one
year after the date of the enactment of the Deep Ocean Energy Resources Act of
2008, the Secretary by regulation shall establish a conservation of resources
fee for producing leases that will apply to new and existing leases which shall
be set at $9 per barrel for oil and $1.25 per million Btu for gas. This fee
shall only apply to leases in production located in more than 200 meters of
water for which royalties are not being paid when prices exceed $40.50 per
barrel for oil and $6.75 per million Btu for natural gas in 2006, dollars. This
fee shall apply to production from and after October 1, 2008, and shall be
treated as offsetting receipts.</text>
</paragraph><paragraph id="H2B4D86DCA68E4551A4B84859A313F803"><enum>(2)</enum><text>Not later than one
year after the date of the enactment of the Deep Ocean Energy Resources Act of
2008, the Secretary by regulation shall establish a conservation of resources
fee for nonproducing leases that will apply to new and existing leases which
shall be set at $3.75 per acre per year. This fee shall apply from and after
October 1, 2008, and shall be treated as offsetting
receipts.</text>
</paragraph></subsection><after-quoted-block>;</after-quoted-block></quoted-block>
</paragraph><paragraph id="HBFB14639BA494924BF07ABE2806122FD"><enum>(5)</enum><text>by striking
subsection (a)(3)(A) and redesignating the subsequent subparagraphs as
subparagraphs (A) and (B), respectively;</text>
</paragraph><paragraph id="H86880F7F2F2E4B378E6E2B42E9950028"><enum>(6)</enum><text>in subsection
(a)(3)(A) (as so redesignated) by striking <quote>In the Western</quote> and
all that follows through <quote>the Secretary</quote> the first place it
appears and inserting <quote>The Secretary</quote>; and</text>
</paragraph><paragraph id="H5EC33FE3E95544F8AA5436BCAAD44444"><enum>(7)</enum><text>effective October
1, 2008, in subsection (g)—</text>
<subparagraph id="H50086E1F958946258E569813CA117F14"><enum>(A)</enum><text>by striking all
after <quote>(g)</quote>, except paragraph (3);</text>
</subparagraph><subparagraph id="HF3AC1D630C1C4398B900F848E5057E44"><enum>(B)</enum><text>by striking the
last sentence of paragraph (3); and</text>
</subparagraph><subparagraph id="HE061C905985144B192F691CCAD253200"><enum>(C)</enum><text>by striking
<quote>(3)</quote>.</text>
</subparagraph></paragraph></section><section id="H59A5767D4F95478AB0ACB4AC4D77009D"><enum>207.</enum><header>Reservation of
lands and rights</header><text display-inline="no-display-inline">Section 12 of
the Outer Continental Shelf Lands Act (<external-xref legal-doc="usc" parsable-cite="usc/43/1341">43 U.S.C. 1341</external-xref>) is amended—</text>
<paragraph id="H111AD9CE274D47389E21B07400BC7EC1"><enum>(1)</enum><text>in subsection (a)
by adding at the end the following: <quote>The President may partially or
completely revise or revoke any prior withdrawal made by the President under
the authority of this section. The President may not revise or revoke a
withdrawal that is extended by a State under subsection (h), nor may the
President withdraw from leasing any area for which a State failed to prohibit,
or petition to prohibit, leasing under subsection (g). Further, in the area of
the outer Continental Shelf more than 100 miles from any coastline, not more
than 25 percent of the acreage of any OCS Planning Area may be withdrawn from
leasing under this section at any point in time. A withdrawal by the President
may be for a term not to exceed 10 years. When considering potential uses of
the outer Continental Shelf, to the maximum extent possible, the President
shall accommodate competing interests and potential uses.</quote>;</text>
</paragraph><paragraph id="H878B78361F314213982C00DD23112EB9"><enum>(2)</enum><text>by adding at the
end the following:</text>
<quoted-block id="H5E27A98DFFE04B34A7EC7CF745D00EF" style="OLC">
<subsection id="H1926D258E09F46EBB582D1C9CBB81B17"><enum>(g)</enum><header>Availability for
Leasing Within Certain Areas of the Outer Continental Shelf</header>
<paragraph id="H902BCC05FF5D476198055FDEE314FE5B"><enum>(1)</enum><header>Prohibition
against leasing</header>
<subparagraph id="H16B19391A0904BEEA5654F6D6400B3A6"><enum>(A)</enum><header>Unavailable for
leasing without state request</header><text>Except as otherwise provided in
this subsection, from and after enactment of the Deep Ocean Energy Resources
Act of 2008, the Secretary shall not offer for leasing for oil and gas, or
natural gas, any area within 50 miles of the coastline that was withdrawn from
disposition by leasing in the Atlantic OCS Region or the Pacific OCS Region, or
the Gulf of Mexico OCS Region Eastern Planning Area, as depicted on the maps
referred to in this subparagraph, under the <quote>Memorandum on Withdrawal of
Certain Areas of the United States Outer Continental Shelf from Leasing
Disposition</quote>, 34 Weekly Comp. Pres. Doc. 1111, dated June 12, 1998, or
any area within 50 miles of the coastline not withdrawn under that Memorandum
that is included within the Gulf of Mexico OCS Region Eastern Planning Area as
indicated on the map entitled <quote>Gulf of Mexico OCS Region State Adjacent
Zones and OCS Planning Areas</quote> or the Florida Straits Planning Area as
indicated on the map entitled <quote>Atlantic OCS Region State Adjacent Zones
and OCS Planning Areas</quote>, both of which are dated September 2005 and on
file in the Office of the Director, Minerals Management Service.</text>
</subparagraph><subparagraph id="HB7B01F4625334C298BA2418E3FB9AFFD"><enum>(B)</enum><header>Areas between 50
and 100 miles from the coastline</header><text>Unless an Adjacent State
petitions under subsection (h) within one year after the date of the enactment
of the Deep Ocean Energy Resources Act of 2008 for natural gas leasing or by
June 30, 2011, for oil and gas leasing, the Secretary shall offer for leasing
any area more than 50 miles but less than 100 miles from the coastline that was
withdrawn from disposition by leasing in the Atlantic OCS Region, the Pacific
OCS Region, or the Gulf of Mexico OCS Region Eastern Planning Area, as depicted
on the maps referred to in this subparagraph, under the <quote>Memorandum on
Withdrawal of Certain Areas of the United States Outer Continental Shelf from
Leasing Disposition</quote>, 34 Weekly Comp. Pres. Doc. 1111, dated June 12,
1998, or any area more than 50 miles but less than 100 miles of the coastline
not withdrawn under that Memorandum that is included within the Gulf of Mexico
OCS Region Eastern Planning Area as indicated on the map entitled <quote>Gulf
of Mexico OCS Region State Adjacent Zones and OCS Planning Areas</quote> or
within the Florida Straits Planning Area as indicated on the map entitled
<quote>Atlantic OCS Region State Adjacent Zones and OCS Planning Areas</quote>,
both of which are dated September 2005 and on file in the Office of the
Director, Minerals Management Service.</text>
</subparagraph></paragraph><paragraph id="H4E4EBE84E5A14C89BD93726104A011CA"><enum>(2)</enum><header>Revocation of
withdrawal</header><text>The provisions of the <quote>Memorandum on Withdrawal
of Certain Areas of the United States Outer Continental Shelf from Leasing
Disposition</quote>, 34 Weekly Comp. Pres. Doc. 1111, dated June 12, 1998, are
hereby revoked and are no longer in effect. Any tract only partially added to
the Gulf of Mexico OCS Region Central Planning Area by this Act shall be
eligible for leasing of the part of such tract that is included within the Gulf
of Mexico OCS Region Central Planning Area, and the remainder of such tract
that lies outside of the Gulf of Mexico OCS Region Central Planning Area may be
developed and produced by the lessee of such partial tract using extended reach
or similar drilling from a location on a leased area. Further, any area in the
OCS withdrawn from leasing may be leased, and thereafter developed and produced
by the lessee using extended reach or similar drilling from a location on a
leased area located in an area available for leasing.</text>
</paragraph><paragraph id="HD395753A1C3F44959DD486AB15D7A332"><enum>(3)</enum><header>Petition for
leasing</header>
<subparagraph id="HC6B53A47CFCE45169B493C283564E0AF"><enum>(A)</enum><header>In
general</header><text>The Governor of the State, upon concurrence of its
legislature, may submit to the Secretary a petition requesting that the
Secretary make available any area that is within the State’s Adjacent Zone,
included within the provisions of paragraph (1), and that (i) is greater than
25 miles from any point on the coastline of a Neighboring State for the conduct
of offshore leasing, pre-leasing, and related activities with respect to
natural gas leasing; or (ii) is greater than 50 miles from any point on the
coastline of a Neighboring State for the conduct of offshore leasing,
pre-leasing, and related activities with respect to oil and gas leasing. The
Adjacent State may also petition for leasing any other area within its Adjacent
Zone if leasing is allowed in the similar area of the Adjacent Zone of the
applicable Neighboring State, or if not allowed, if the Neighboring State,
acting through its Governor, expresses its concurrence with the petition. The
Secretary shall only consider such a petition upon making a finding that
leasing is allowed in the similar area of the Adjacent Zone of the applicable
Neighboring State or upon receipt of the concurrence of the Neighboring State.
The date of receipt by the Secretary of such concurrence by the Neighboring
State shall constitute the date of receipt of the petition for that area for
which the concurrence applies. Except for any area described in the last
sentence of paragraph (2), a petition for leasing any part of the Alabama
Adjacent Zone that is a part of the Gulf of Mexico Eastern Planning Area, as
indicated on the map entitled <quote>Gulf of Mexico OCS Region State Adjacent
Zones and OCS Planning Areas</quote> which is dated September 2005 and on file
in the Office of the Director, Minerals Management Service, shall require the
concurrence of both Alabama and Florida.</text>
</subparagraph><subparagraph id="HE616CB0EEF364FA184D0D76D1FFACC7D"><enum>(B)</enum><header>Limitations on
leasing</header><text>In its petition, a State with an Adjacent Zone that
contains leased tracts may condition new leasing for oil and gas, or natural
gas for tracts within 25 miles of the coastline by—</text>
<clause id="H0223B4943B914BD6B809D6007515677E"><enum>(i)</enum><text>requiring a net
reduction in the number of production platforms;</text>
</clause><clause id="H1D4E9E16D6D84A66B44EE3339449113B"><enum>(ii)</enum><text>requiring a net
increase in the average distance of production platforms from the
coastline;</text>
</clause><clause id="HDE7B389580EF467A95025CAAC01FE8B5"><enum>(iii)</enum><text>limiting
permanent surface occupancy on new leases to areas that are more than 10 miles
from the coastline;</text>
</clause><clause id="H4C3E62B1FEE747FA86FCCF6EFA9266A"><enum>(iv)</enum><text>limiting some
tracts to being produced from shore or from platforms located on other tracts;
or</text>
</clause><clause id="H7BE596E5ACF74FF8A4D700922259DCF0"><enum>(v)</enum><text>other conditions
that the Adjacent State may deem appropriate as long as the Secretary does not
determine that production is made economically or technically impracticable or
otherwise impossible.</text>
</clause></subparagraph><subparagraph id="H9412333C3944483192E6095E532823BF"><enum>(C)</enum><header>Action by
secretary</header><text>Not later than 90 days after receipt of a petition
under subparagraph (A), the Secretary shall approve the petition, unless the
Secretary determines that leasing the area would probably cause serious harm or
damage to the marine resources of the State’s Adjacent Zone. Prior to approving
the petition, the Secretary shall complete an environmental assessment that
documents the anticipated environmental effects of leasing in the area included
within the scope of the petition.</text>
</subparagraph><subparagraph id="HB83075CEF26A45B8AB1EE57CFF34EADC"><enum>(D)</enum><header>Failure to
act</header><text>If the Secretary fails to approve or deny a petition in
accordance with subparagraph (C) the petition shall be considered to be
approved 90 days after receipt of the petition.</text>
</subparagraph><subparagraph id="H784E54B9129F4E6E9125BCB009220C2"><enum>(E)</enum><header>Amendment of the
5-year leasing program</header><text>Notwithstanding section 18, within 180
days of the approval of a petition under subparagraph (C) or (D), after the
expiration of the time limits in paragraph (1)(B), and within 180 days after
the enactment of the Deep Ocean Energy Resources Act of 2008 for the areas made
available for leasing under paragraph (2), the Secretary shall amend the
current 5-Year Outer Continental Shelf Oil and Gas Leasing Program to include a
lease sale or sales for at least 75 percent of the associated areas, unless
there are, from the date of approval, expiration of such time limits, or
enactment, as applicable, fewer than 12 months remaining in the current 5-Year
Leasing Program in which case the Secretary shall include the associated areas
within lease sales under the next 5-Year Leasing Program. For purposes of
amending the 5-Year Program in accordance with this section, further
consultations with States shall not be required. For purposes of this section,
an environmental assessment performed under the provisions of the
<act-name parsable-cite="NEPA69">National Environmental Policy Act of
1969</act-name> to assess the effects of approving the petition shall be
sufficient to amend the 5-Year Leasing Program.</text>
</subparagraph></paragraph></subsection><subsection id="H91A00278432E40CAA3B821AB36F8B700"><enum>(h)</enum><header>Option To Extend
Withdrawal From Leasing Within Certain Areas of the Outer Continental
Shelf</header><text>A State, through its Governor and upon the concurrence of
its legislature, may extend for a period of time of up to 5 years for each
extension the withdrawal from leasing for all or part of any area within the
State’s Adjacent Zone located more than 50 miles, but less than 100 miles, from
the coastline that is subject to subsection (g)(1)(B). A State may extend
multiple times for any particular area but not more than once per calendar year
for any particular area. A State must prepare separate extensions, with
separate votes by its legislature, for oil and gas leasing and for natural gas
leasing. An extension by a State may affect some areas to be withdrawn from all
leasing and some areas to be withdrawn only from one type of leasing.
Extensions of the withdrawal from leasing of any part of the Alabama Adjacent
Zone that is more than 50 miles, but less than 100 miles, from the coastline
that is a part of the Gulf of Mexico OCS Region Eastern Planning Area, as
indicated on the map entitled <quote>Gulf of Mexico OCS Region State Adjacent
Zones and OCS Planning Areas</quote> which is dated September 2005 and on file
in the Office of the Director, Minerals Management Service, may be made by
either Alabama or Florida.</text>
</subsection><subsection id="HCCAC7C2088994D90B4753B004242FA37"><enum>(i)</enum><header>Effect of Other
Laws</header><text>Adoption by any Adjacent State of any constitutional
provision, or enactment of any State statute, that has the effect, as
determined by the Secretary, of restricting either the Governor or the
Legislature, or both, from exercising full discretion related to subsection (g)
or (h), or both, shall automatically (1) prohibit any sharing of OCS Receipts
under this Act with the Adjacent State, and its coastal political subdivisions,
and (2) prohibit the Adjacent State from exercising any authority under
subsection (h), for the duration of the restriction. The Secretary shall make
the determination of the existence of such restricting constitutional provision
or State statute within 30 days of a petition by any outer Continental Shelf
lessee or coastal State.</text>
</subsection><subsection id="H3DA2B0907A264519A416CCBDF6E82783"><enum>(j)</enum><header>Prohibition on
Leasing East of the Military Mission Line</header>
<paragraph id="HF9BC383297FC49B9B6315D7291D75700"><enum>(1)</enum><text>Notwithstanding
any other provision of law, from and after the enactment of the Deep Ocean
Energy Resources Act of 2008, no area of the outer Continental Shelf located in
the Gulf of Mexico east of the military mission line may be offered for leasing
for oil and gas or natural gas prior to January 1, 2022.</text>
</paragraph><paragraph id="HF7394E8EFFBD44588F6F72B4BD653EF"><enum>(2)</enum><text>In this subsection,
the term <term>military mission line</term> means a line located at 86 degrees,
41 minutes West Longitude, and extending south from the coast of Florida to the
outer boundary of United States territorial waters in the Gulf of
Mexico.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><section id="HF6059BD7A07644FA8B642CB9D36E935D"><enum>208.</enum><header>Outer
Continental Shelf Leasing Program</header><text display-inline="no-display-inline">Section 18 of the Outer Continental Shelf
Lands Act (<external-xref legal-doc="usc" parsable-cite="usc/43/1344">43 U.S.C. 1344</external-xref>) is amended—</text>
<paragraph id="HF834C3FDDDF84C96A0E0754F18C1586"><enum>(1)</enum><text>in
subsection (a), by adding at the end of paragraph (3) the following: <quote>The
Secretary shall, in each 5-year program, include lease sales that when viewed
as a whole propose to offer for oil and gas or natural gas leasing at least 75
percent of the available unleased acreage within each OCS Planning Area.
Available unleased acreage is that portion of the outer Continental Shelf that
is not under lease at the time of the proposed lease sale, and has not
otherwise been made unavailable for leasing by law.</quote>;</text>
</paragraph><paragraph id="H322393B46834404C88D0A83F1DEB00D2"><enum>(2)</enum><text>in subsection (c),
by striking so much as precedes paragraph (3) and inserting the
following:</text>
<quoted-block id="HB4520C0D22B44BB381706032A34CB4D6" style="OLC">
<subsection id="H985A84060AC94EB5A44D00A9F8004995"><enum>(c)</enum><paragraph commented="no" display-inline="yes-display-inline" id="HC9A70F294D724546809BB2E335C06537"><enum>(1)</enum><text>During the preparation
of any proposed leasing program under this section, the Secretary shall
consider and analyze leasing throughout the entire Outer Continental Shelf
without regard to any other law affecting such leasing. During this preparation
the Secretary shall invite and consider suggestions from any interested Federal
agency, including the Attorney General, in consultation with the Federal Trade
Commission, and from the Governor of any coastal State. The Secretary may also
invite or consider any suggestions from the executive of any local government
in a coastal State that have been previously submitted to the Governor of such
State, and from any other person. Further, the Secretary shall consult with the
Secretary of Defense regarding military operational needs in the outer
Continental Shelf. The Secretary shall work with the Secretary of Defense to
resolve any conflicts that might arise regarding offering any area of the outer
Continental Shelf for oil and gas or natural gas leasing. If the Secretaries
are not able to resolve all such conflicts, any unresolved issues shall be
elevated to the President for resolution.</text>
</paragraph><paragraph id="HF979D7BDC2BF400B854D5DEB004FB383" indent="up1"><enum>(2)</enum><text>After the consideration and analysis
required by paragraph (1), including the consideration of the suggestions
received from any interested Federal agency, the Federal Trade Commission, the
Governor of any coastal State, any local government of a coastal State, and any
other person, the Secretary shall publish in the Federal Register a proposed
leasing program accompanied by a draft environmental impact statement prepared
pursuant to the <act-name parsable-cite="NEPA69">National Environmental Policy
Act of 1969</act-name>. After the publishing of the proposed leasing program
and during the comment period provided for on the draft environmental impact
statement, the Secretary shall submit a copy of the proposed program to the
Governor of each affected State for review and comment. The Governor may
solicit comments from those executives of local governments in the Governor’s
State that the Governor, in the discretion of the Governor, determines will be
affected by the proposed program. If any comment by such Governor is received
by the Secretary at least 15 days prior to submission to the Congress pursuant
to paragraph (3) and includes a request for any modification of such proposed
program, the Secretary shall reply in writing, granting or denying such request
in whole or in part, or granting such request in such modified form as the
Secretary considers appropriate, and stating the Secretary’s reasons therefor.
All such correspondence between the Secretary and the Governor of any affected
State, together with any additional information and data relating thereto,
shall accompany such proposed program when it is submitted to the
Congress.</text>
</paragraph></subsection><after-quoted-block>;
and</after-quoted-block></quoted-block>
</paragraph><paragraph id="H8CCC20ED8D8249D3902849A1FB48D6D7"><enum>(3)</enum><text>by adding at the
end the following:</text>
<quoted-block id="H8FD5CA7EB8DB4045ABB6B0A9D3167103" style="OLC">
<subsection id="H4357A16FF6FC459D9B6FCBF600F5DACC"><enum>(i)</enum><header>Projection of
State Adjacent Zone Resources and State and Local Government Shares of OCS
Receipts</header><text>Concurrent with the publication of the scoping notice at
the beginning of the development of each 5-year outer Continental Shelf oil and
gas leasing program, or as soon thereafter as possible, the Secretary
shall—</text>
<paragraph id="H1F0330D6609F438AB3D44D5600D7DDA5"><enum>(1)</enum><text>provide to each
Adjacent State a current estimate of proven and potential oil and gas resources
located within the State’s Adjacent Zone; and</text>
</paragraph><paragraph id="HF0A56575D70F4F33A7765E6F08C57588"><enum>(2)</enum><text>provide to each
Adjacent State, and coastal political subdivisions thereof, a best-efforts
projection of the OCS Receipts that the Secretary expects will be shared with
each Adjacent State, and its coastal political subdivisions, using the
assumption that the unleased tracts within the State’s Adjacent Zone are fully
made available for leasing, including long-term projected OCS Receipts. In
addition, the Secretary shall include a macroeconomic estimate of the impact of
such leasing on the national economy and each State’s economy, including
investment, jobs, revenues, personal income, and other
categories.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><section id="HB503BA6F293B4AB994BB6518E6F0E0D5"><enum>209.</enum><header>Coordination
with Adjacent States</header><text display-inline="no-display-inline">Section
19 of the Outer Continental Shelf Lands Act (<external-xref legal-doc="usc" parsable-cite="usc/43/1345">43 U.S.C. 1345</external-xref>) is amended—</text>
<paragraph id="HA3BC81759B194A628CD561AC3FB03751"><enum>(1)</enum><text>in subsection (a)
in the first sentence by inserting <quote>, for any tract located within the
Adjacent State’s Adjacent Zone,</quote> after <quote>government</quote>;
and</text>
</paragraph><paragraph id="H3FCC9A1E1416417BA6E8A7CA2E9671CD"><enum>(2)</enum><text>by adding the
following:</text>
<quoted-block id="HB77B3792B9B0435E82FFAA25C0DA64C5" style="OLC">
<subsection id="HE613583DE9C8487098B7900D4931805"><enum>(f)</enum><paragraph commented="no" display-inline="yes-display-inline" id="H84D8E618BF6542A7A2EC46CFDC485182"><enum>(1)</enum><text>No Federal agency may
permit or otherwise approve, without the concurrence of the Adjacent State, the
construction of a crude oil or petroleum products (or both) pipeline within the
part of the Adjacent State’s Adjacent Zone that is withdrawn from oil and gas
or natural gas leasing, except that such a pipeline may be approved, without
such Adjacent State’s concurrence, to pass through such Adjacent Zone if at
least 50 percent of the production projected to be carried by the pipeline
within its first 10 years of operation is from areas of the Adjacent State’s
Adjacent Zone.</text>
</paragraph><paragraph id="H7CB249072A4A43039BAC3D505800CFCC" indent="up1"><enum>(2)</enum><text>No State may prohibit the
construction within its Adjacent Zone or its State waters of a natural gas
pipeline that will transport natural gas produced from the outer Continental
Shelf. However, an Adjacent State may prevent a proposed natural gas pipeline
landing location if it proposes two alternate landing locations in the Adjacent
State, acceptable to the Adjacent State, located within 50 miles on either side
of the proposed landing
location.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><section id="HA90AE6317920437E002B401DA4D97F"><enum>210.</enum><header>Environmental
studies</header><text display-inline="no-display-inline">Section 20(d) of the
Outer Continental Shelf Lands Act (<external-xref legal-doc="usc" parsable-cite="usc/43/1346">43 U.S.C. 1346</external-xref>) is amended—</text>
<paragraph id="H630FF6DE11D74BB393F2CE8538998C00"><enum>(1)</enum><text>by inserting
<quote>(1)</quote> after <quote>(d)</quote>; and</text>
</paragraph><paragraph id="H970648FB927F4AB48EDD5E2FC8C6B822"><enum>(2)</enum><text>by adding at the
end the following:</text>
<quoted-block id="HA36B269A64294672B2C9C5002E1BCE16" style="OLC">
<paragraph id="HA9B3CF54AE7846C8953C70468C03D35E" indent="up1"><enum>(2)</enum><text>For all programs, lease sales,
leases, and actions under this Act, the following shall apply regarding the
application of the <act-name parsable-cite="NEPA69">National Environmental
Policy Act of 1969</act-name>:</text>
<subparagraph id="HF2DFC37AB39B4D258083AD175D26A670"><enum>(A)</enum><text>Granting or directing lease
suspensions and the conduct of all preliminary activities on outer Continental
Shelf tracts, including seismic activities, are categorically excluded from the
need to prepare either an environmental assessment or an environmental impact
statement, and the Secretary shall not be required to analyze whether any
exceptions to a categorical exclusion apply for activities conducted under the
authority of this Act.</text>
</subparagraph><subparagraph id="HEBB749FCA6364BBCB0690249CAF6D5C2"><enum>(B)</enum><text>The environmental impact statement
developed in support of each 5-year oil and gas leasing program provides the
environmental analysis for all lease sales to be conducted under the program
and such sales shall not be subject to further environmental analysis.</text>
</subparagraph><subparagraph id="H5ECA79E1790C4C5D8C583BD3F2E665C7"><enum>(C)</enum><text>Exploration plans shall not be subject
to any requirement to prepare an environmental impact statement, and the
Secretary may find that exploration plans are eligible for categorical
exclusion due to the impacts already being considered within an environmental
impact statement or due to mitigation measures included within the plan.</text>
</subparagraph><subparagraph id="H3B48289854B34721B921ABF59791BE42"><enum>(D)</enum><text>Within each OCS Planning Area, after
the preparation of the first development and production plan environmental
impact statement for a leased tract within the Area, future development and
production plans for leased tracts within the Area shall only require the
preparation of an environmental assessment unless the most recent development
and production plan environmental impact statement within the Area was
finalized more than 10 years prior to the date of the approval of the plan, in
which case an environmental impact statement shall be
required.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><section id="HBB2DF565D7074CB79B44FE42A74DAFDD"><enum>211.</enum><header>Federal Energy
Natural Resources Enhancement Act of 2008</header>
<subsection id="H6AA8D3C9999A4280A246DB2053C6FDFD"><enum>(a)</enum><header>Short
title</header><text display-inline="yes-display-inline">This section may be
cited as the <quote><short-title>Federal Energy Natural
Resources Enhancement Act of 2008</short-title></quote>.</text>
</subsection><subsection id="H8493DA5E1B7E496185B2A3DAE9960085"><enum>(b)</enum><header>Findings</header><text>The
Congress finds the following:</text>
<paragraph id="HC6F7450E5D134955AA6872DD7587A143"><enum>(1)</enum><text>Energy and
minerals exploration, development, and production on Federal onshore and
offshore lands, including bio-based fuel, natural gas, minerals, oil,
geothermal, and power from wind, waves, currents, and thermal energy, involves
significant outlays of funds by Federal and State wildlife, fish, and natural
resource management agencies for environmental studies, planning, development,
monitoring, and management of wildlife, fish, air, water, and other natural
resources.</text>
</paragraph><paragraph id="H11A501F6AF794A5FBDBF7ED4D32181A2"><enum>(2)</enum><text>State wildlife,
fish, and natural resource management agencies are funded primarily through
permit and license fees paid to the States by the general public to hunt and
fish, and through Federal excise taxes on equipment used for these
activities.</text>
</paragraph><paragraph id="HBCB04748ECF2421B9280A1663C1B3E4C"><enum>(3)</enum><text>Funds generated
from consumptive and recreational uses of wildlife, fish, and other natural
resources currently are inadequate to address the natural resources related to
energy and minerals development on Federal onshore and offshore lands.</text>
</paragraph><paragraph id="HE6FAFE13058B448EB0752EC3CCAE3DD5"><enum>(4)</enum><text>Funds available to
Federal agencies responsible for managing Federal onshore and offshore lands
and Federal-trust wildlife and fish species and their habitats are inadequate
to address the natural resources related to energy and minerals development on
Federal onshore and offshore lands.</text>
</paragraph><paragraph id="H4463EDEED6DB4F359BFF606CDB45B763"><enum>(5)</enum><text>Receipts derived
from sales, bonus bids, and royalties under the mineral leasing laws of the
United States are paid to the Treasury through the Minerals Management Service
of the Department of the Interior.</text>
</paragraph><paragraph id="H8C30535256174229A39B4997DA957809"><enum>(6)</enum><text>None of the
receipts derived from sales, bonus bids, and royalties under the minerals
leasing laws of the United States are paid to the Federal or State agencies to
examine, monitor, and manage wildlife, fish, air, water, and other natural
resources related to natural gas, oil, and mineral exploration and
development.</text>
</paragraph></subsection><subsection id="H633B9DD723D74A4A880000EC2420EA8D"><enum>(c)</enum><header>Purposes</header><text>It
is the purpose of this section to—</text>
<paragraph id="H25C2951F9A3C4D8AA186E5E8FB4374F5"><enum>(1)</enum><text>authorize
expenditures for the monitoring and management of wildlife and fish, and their
habitats, and air, water, and other natural resources related to energy and
minerals development on Federal onshore and offshore lands;</text>
</paragraph><paragraph id="HB2536A63ABE848B985C893586DEED0A3"><enum>(2)</enum><text>authorize
expenditures for each fiscal year to the Secretary of the Interior and the
States; and</text>
</paragraph><paragraph id="HD2AD5E35523B44B7B955B1475EB189C0"><enum>(3)</enum><text>use the
appropriated funds to secure the necessary trained workforce or contractual
services to conduct environmental studies, planning, development, monitoring,
and post-development management of wildlife and fish and their habitats and
air, water, and other natural resources that may be related to bio-based fuel,
gas, mineral, oil, wind, or other energy exploration, development,
transportation, transmission, and associated activities on Federal onshore and
offshore lands, including, but not limited to—</text>
<subparagraph id="HE758D5586C194E2F95C6B0889E22D09B"><enum>(A)</enum><text>pertinent
research, surveys, and environmental analyses conducted to identify any impacts
on wildlife, fish, air, water, and other natural resources from energy and
mineral exploration, development, production, and transportation or
transmission;</text>
</subparagraph><subparagraph id="H0CD8BFA8C9A34F9D937D76C69832979E"><enum>(B)</enum><text>projects to
maintain, improve, or enhance wildlife and fish populations and their habitats
or air, water, or other natural resources, including activities under the
<act-name parsable-cite="ESA">Endangered Species Act of 1973</act-name>;</text>
</subparagraph><subparagraph id="H614DD9FD4C7D4DCE99E628505958B0E"><enum>(C)</enum><text>research, surveys,
environmental analyses, and projects that assist in managing, including
mitigating either onsite or offsite, or both, the impacts of energy and mineral
activities on wildlife, fish, air, water, and other natural resources;
and</text>
</subparagraph><subparagraph id="HCB770499630845C797DB002190AA5B2E"><enum>(D)</enum><text>projects to teach
young people to live off the land.</text>
</subparagraph></paragraph></subsection><subsection id="H748995E1361E4AB391A092F800B0AF82"><enum>(d)</enum><header>Definitions</header><text>In
this section:</text>
<paragraph id="H73CEC97F1F6B47FCBC4554DF13125985"><enum>(1)</enum><header>Enhancement
program</header><text>The term <term>Enhancement Program</term> means the
Federal Energy Natural Resources Enhancement Program established by this
section.</text>
</paragraph><paragraph id="H3574A7FC179A43E79466507D6DB42297"><enum>(2)</enum><header>State</header><text>The
term <term>State</term> means the Governor of the State.</text>
</paragraph></subsection><subsection id="H9C0978CC287A403B933C79DDCC3CAF9"><enum>(e)</enum><header>Authorization of
Appropriations</header><text>There is authorized to be appropriated to carry
out the Enhancement Program $150,000,000 for each of fiscal years 2009 through
2019.</text>
</subsection><subsection id="HBD1A56DF52094E47AF98C4A9FB58D400"><enum>(f)</enum><header>Establishment of
Federal Energy Natural Resources Enhancement Program</header>
<paragraph id="HDF92E989061F4D9B96ED6F093F5DA590"><enum>(1)</enum><header>In
general</header><text>There is established the Federal Energy Natural Resources
Enhancement Program.</text>
</paragraph><paragraph id="HA6EF65A3F4E64CFD8152F082005F2F54"><enum>(2)</enum><header>Payment to
secretary of the interior</header><text>Beginning with fiscal year 2009, and in
each fiscal year thereafter, one-third of amounts appropriated for the
Enhancement Program shall be available to the Secretary of the Interior for use
for the purposes described in subsection (c)(3).</text>
</paragraph><paragraph id="HE2E4F12AE1CB4ADBBFDC43001B43A880"><enum>(3)</enum><header>Payment to
States</header>
<subparagraph id="HF5BCE9D49A7F48A69300CBB3BAA06E"><enum>(A)</enum><header>In
general</header><text>Beginning with fiscal year 2009, and in each fiscal year
thereafter, two-thirds of amounts appropriated for the Enhancement Program
shall be available to the States for use for the purposes described in
(c)(3).</text>
</subparagraph><subparagraph id="HCE7DC8FAABA442B8A99618E10001B310"><enum>(B)</enum><header>Use of payments
by state</header><text>Each State shall use the payments made under this
paragraph only for carrying out projects and programs for the purposes
described in (c)(3).</text>
</subparagraph><subparagraph id="HFAB7A6A87B5743CC0068EA712154F164"><enum>(C)</enum><header>Encourage use of
private funds by state</header><text>Each State shall use the payments made
under this paragraph to leverage private funds for carrying out projects for
the purposes described in (c)(3).</text>
</subparagraph></paragraph></subsection><subsection id="HE2BC4D54C2104C00961367069800C4A"><enum>(g)</enum><header>Limitation on
Use</header><text>Amounts made available under this section may not be used for
the purchase of any interest in land.</text>
</subsection><subsection id="H2789695A4B114BBD93454196A331A120"><enum>(h)</enum><header>Reports to
Congress</header>
<paragraph id="HBAD29C9B6D7E4ACD8BEEB498DF94DE31"><enum>(1)</enum><header>In
general</header><text>Beginning in fiscal year 2010 and continuing for each
fiscal year thereafter, the Secretary of the Interior and each State receiving
funds from the Enhancement Fund shall submit a report to the Committee on
Energy and Natural Resources of the Senate and the Committee on Resources of
the House of Representatives.</text>
</paragraph><paragraph id="H099581A173D14AB0B7EE15313CAA6983"><enum>(2)</enum><header>Required
information</header><text>Reports submitted to the Congress by the Secretary of
the Interior and States under this subsection shall include the following
information regarding expenditures during the previous fiscal year:</text>
<subparagraph id="H3B9C8A14DBC44D02A03B232493E6CA5"><enum>(A)</enum><text>A summary of
pertinent scientific research and surveys conducted to identify impacts on
wildlife, fish, and other natural resources from energy and mineral
developments.</text>
</subparagraph><subparagraph id="H60A72030EBF84C64B077247025992399"><enum>(B)</enum><text>A summary of
projects planned and completed to maintain, improve or enhance wildlife and
fish populations and their habitats or other natural resources.</text>
</subparagraph><subparagraph id="H7003F8A5742F471AB5E15FDD9C864DE9"><enum>(C)</enum><text>A list of
additional actions that assist, or would assist, in managing, including
mitigating either onsite or offsite, or both, the impacts of energy and mineral
development on wildlife, fish, and other natural resources.</text>
</subparagraph><subparagraph id="HFFA4AB373717454D9C21D20099D6F28B"><enum>(D)</enum><text>A summary of
private (non-Federal) funds used to plan, conduct, and complete the plans and
programs identified in subparagraphs (A) and (B).</text>
</subparagraph></paragraph></subsection></section><section id="HFC464BF384884BE4A67DA37065E2168E"><enum>212.</enum><header>Termination of
effect of laws prohibiting the spending of appropriated funds for certain
purposes</header><text display-inline="no-display-inline">All provisions of
existing Federal law prohibiting the spending of appropriated funds to conduct
oil and natural gas leasing and preleasing activities, or to issue a lease to
any person, for any area of the outer Continental Shelf shall have no force or
effect.</text>
</section><section id="H88E6B23C666645AC99EBED74A604C96C"><enum>213.</enum><header>Outer
Continental Shelf incompatible use</header>
<subsection id="H5AA5CEEBDFCB4C97AC6123F19D5E1100"><enum>(a)</enum><header>In
General</header><text>No Federal agency may permit construction or operation
(or both) of any facility, or designate or maintain a restricted transportation
corridor or operating area on the Federal outer Continental Shelf or in State
waters, that will be incompatible with, as determined by the Secretary of the
Interior, oil and gas or natural gas leasing and substantially full exploration
and production of tracts that are geologically prospective for oil or natural
gas (or both).</text>
</subsection><subsection id="H36983BB4B31F416682D6FFC1FEBE352B"><enum>(b)</enum><header>Exceptions</header><text>Subsection
(a) shall not apply to any facility, transportation corridor, or operating area
the construction, operation, designation, or maintenance of which is or will
be—</text>
<paragraph id="H03AFEC39895B4803942152A4A353BBD0"><enum>(1)</enum><text>located in an area
of the outer Continental Shelf that is unavailable for oil and gas or natural
gas leasing by operation of law;</text>
</paragraph><paragraph id="H7F6F73567C844F338DD6DB00FB53C943"><enum>(2)</enum><text>used for a
military readiness activity (as defined in section 315(f) of Public Law
107–314; <external-xref legal-doc="usc" parsable-cite="usc/16/703">16 U.S.C. 703</external-xref> note); or</text>
</paragraph><paragraph id="H6C892B9E523B40228787CDB245892E00"><enum>(3)</enum><text>required in the
national interest, as determined by the President.</text>
</paragraph></subsection></section><section id="H3B61BB3D6644410E9F77005900BC33F"><enum>214.</enum><header>Repurchase of
certain leases</header>
<subsection id="HDAD326FC852C4F29AFC67EDCE0FAADBA"><enum>(a)</enum><header>Authority To
Repurchase and Cancel Certain Leases</header><text>The Secretary of the
Interior shall repurchase and cancel any Federal oil and gas, geothermal, coal,
oil shale, tar sands, or other mineral lease, whether onshore or offshore, but
not including any outer Continental Shelf oil and gas leases that are subject
to litigation in the Court of Federal Claims on January 1, 2006, if the
Secretary finds that such lease qualifies for repurchase and cancellation under
the regulations authorized by this section.</text>
</subsection><subsection id="H036F40494F4442BAA3E74210443DC986"><enum>(b)</enum><header>Regulations</header><text>Not
later than 365 days after the date of the enactment of this Act, the Secretary
shall publish a final regulation stating the conditions under which a lease
referred to in subsection (a) would qualify for repurchase and cancellation,
and the process to be followed regarding repurchase and cancellation. Such
regulation shall include, but not be limited to, the following:</text>
<paragraph id="H7F447E4B283141E192B7D8E3F23924F5"><enum>(1)</enum><text>The Secretary
shall repurchase and cancel a lease after written request by the lessee upon a
finding by the Secretary that—</text>
<subparagraph id="H828F8AC88F3242C198009F5D3212ADF6"><enum>(A)</enum><text>a request by the
lessee for a required permit or other approval complied with applicable law,
except the <act-name parsable-cite="CAMA72">Coastal Zone Management Act of
1972</act-name> (<external-xref legal-doc="usc" parsable-cite="usc/16/1451">16 U.S.C. 1451 et seq.</external-xref>), and terms of the lease and such
permit or other approval was denied;</text>
</subparagraph><subparagraph id="HE91CDCECEF6249C2BBDCCF2E18682497"><enum>(B)</enum><text>a Federal agency
failed to act on a request by the lessee for a required permit, other approval,
or administrative appeal within a regulatory or statutory time-frame associated
with the requested action, whether advisory or mandatory, or if none, within
180 days; or</text>
</subparagraph><subparagraph id="H8630B6A09A3A40F9B97184812BD58389"><enum>(C)</enum><text>a Federal agency
attached a condition of approval, without agreement by the lessee, to a
required permit or other approval if such condition of approval was not
mandated by Federal statute or regulation in effect on the date of lease
issuance, or was not specifically allowed under the terms of the lease.</text>
</subparagraph></paragraph><paragraph id="H02B897A67E954F6289C5503C2359AD50"><enum>(2)</enum><text>A
lessee shall not be required to exhaust administrative remedies regarding a
permit request, administrative appeal, or other required request for approval
for the purposes of this section.</text>
</paragraph><paragraph id="HF3614AC350C240EA89B5423E76A57152"><enum>(3)</enum><text>The Secretary
shall make a final agency decision on a request by a lessee under this section
within 180 days of request.</text>
</paragraph><paragraph id="H0F5D3CACFD6940A100CE25E173786B00"><enum>(4)</enum><text>Compensation to a
lessee to repurchase and cancel a lease under this section shall be the amount
that a lessee would receive in a restitution case for a material breach of
contract.</text>
</paragraph><paragraph id="HE900F2A0D48E4CF0A6D9D36EF9DB22EA"><enum>(5)</enum><text>Compensation shall
be in the form of a check or electronic transfer from the Department of the
Treasury from funds deposited into miscellaneous receipts under the authority
of the same Act that authorized the issuance of the lease being
repurchased.</text>
</paragraph><paragraph id="HE4E60A9A6FB8411EB400383FB3BFC253"><enum>(6)</enum><text>Failure of the
Secretary to make a final agency decision on a request by a lessee under this
section within 180 days of request shall result in a 10 percent increase in the
compensation due to the lessee if the lease is ultimately repurchased.</text>
</paragraph></subsection><subsection id="HA7AABC6FC1B941ACAEEEABBB31A621"><enum>(c)</enum><header>No
Prejudice</header><text>This section shall not be interpreted to prejudice any
other rights that the lessee would have in the absence of this section.</text>
</subsection></section><section id="H791B3ABD22CE41E696F52CA7AAFD1DFA"><enum>215.</enum><header>Offsite
environmental mitigation</header><text display-inline="no-display-inline">Notwithstanding any other provision of law,
any person conducting activities under the <act-name parsable-cite="MLA">Mineral Leasing Act</act-name> (<external-xref legal-doc="usc" parsable-cite="usc/30/181">30 U.S.C. 181 et seq.</external-xref>), the
Geothermal Steam Act (<external-xref legal-doc="usc" parsable-cite="usc/30/1001">30 U.S.C. 1001 et seq.</external-xref>), the
<act-name parsable-cite="MLA">Mineral Leasing Act</act-name> for Acquired Lands
(<external-xref legal-doc="usc" parsable-cite="usc/30/351">30 U.S.C. 351 et seq.</external-xref>), the Weeks Act (<external-xref legal-doc="usc" parsable-cite="usc/16/552">16 U.S.C. 552 et seq.</external-xref>), the General
Mining Act of 1872 (<external-xref legal-doc="usc" parsable-cite="usc/30/22">30 U.S.C. 22 et seq.</external-xref>), the Materials Act of 1947 (30 U.S.C.
601 et seq.), or the Outer Continental Shelf Lands Act (43 U.S.C. 1331 et
seq.), may in satisfying any mitigation requirements associated with such
activities propose mitigation measures on a site away from the area impacted
and the Secretary of the Interior shall accept these proposed measures if the
Secretary finds that they generally achieve the purposes for which mitigation
measures appertained.</text>
</section><section id="HBCB4C63F190949B7AA38A509DE906C3F"><enum>216.</enum><header>Minerals
Management Service</header><text display-inline="no-display-inline">The bureau
known as the <quote>Minerals Management Service</quote> in the Department of
the Interior shall be known as the <quote>National Ocean Resources and Royalty
Service</quote>.</text>
</section><section id="H32D233DE663B41459689FFB2AC5319E9"><enum>217.</enum><header>Authority to
use decommissioned offshore oil and gas platforms and other facilities for
artificial reef, scientific research, or other uses</header>
<subsection id="H87719CD6A18B4C469E93A005E6DB9553"><enum>(a)</enum><header>Short
Title</header><text>This section may be cited as the <quote><short-title>Rigs to Reefs Act of 2008</short-title></quote>.</text>
</subsection><subsection id="HF0474D309D984C87AE20D9DC8DB0B2AD"><enum>(b)</enum><header>In
General</header><text>The Outer Continental Shelf Lands Act (43 U.S.C. 1301 et
seq.) is amended by inserting after section 9 the following:</text>
<quoted-block id="H90FAB98964E843CE9FEA3B6225115DF" style="OLC">
<section id="H296DB4A61BC04026BFA32827DC89D401"><enum>10.</enum><header>Use of
decommissioned offshore oil and gas platforms and other facilities for
artificial reef, scientific research, or other uses</header>
<subsection id="HFAEE58BB03AC4F10804C10A8D87EF6E3"><enum>(a)</enum><header>In
General</header><text>The Secretary shall issue regulations under which the
Secretary may authorize use of an offshore oil and gas platform or other
facility that is decommissioned from service for oil and gas purposes for an
artificial reef, scientific research, or any other use authorized under section
8(p) or any other applicable Federal law.</text>
</subsection><subsection id="H79CDB3A6C8D14A91A1AEB9F6BEAC08E5"><enum>(b)</enum><header>Transfer
Requirements</header><text>The Secretary shall not allow the transfer of a
decommissioned offshore oil and gas platform or other facility to another
person unless the Secretary is satisfied that the transferee is sufficiently
bonded, endowed, or otherwise financially able to fulfill its obligations,
including but not limited to—</text>
<paragraph id="H28D5E5FDA59C48208D79F64CA023ED41"><enum>(1)</enum><text>ongoing
maintenance of the platform or other facility;</text>
</paragraph><paragraph id="H9EF319A09B664451A2F5FE2DBB41A8FD"><enum>(2)</enum><text>any liability
obligations that might arise;</text>
</paragraph><paragraph id="HF6E1E26A8DA9426EA1BC3DAB144BEC45"><enum>(3)</enum><text>removal of the
platform or other facility if determined necessary by the Secretary; and</text>
</paragraph><paragraph id="HFDA33563DD2C483289491C340647483C"><enum>(4)</enum><text>any other
requirements and obligations that the Secretary may deem appropriate by
regulation.</text>
</paragraph></subsection><subsection id="H974B409541674C629569F9BF53E6C14B"><enum>(c)</enum><header>Plugging and
Abandonment</header><text>The Secretary shall ensure that plugging and
abandonment of wells is accomplished at an appropriate time.</text>
</subsection><subsection id="H2665E7F9634F43298C9E68CCBF5D6C65"><enum>(d)</enum><header>Potential To
Petition To Opt-Out of Regulations</header><text>An Adjacent State acting
through a resolution of its legislature, with concurrence of its Governor, may
preliminarily petition to opt-out of the application of regulations promulgated
under this section to platforms and other facilities located in the area of its
Adjacent Zone within 12 miles of the coastline. Upon receipt of the preliminary
petition, the Secretary shall complete an environmental assessment that
documents the anticipated environmental effects of approving the petition. The
Secretary shall provide the environmental assessment to the State, which then
has the choice of no action or confirming its petition by further action of its
legislature, with the concurrence of its Governor. The Secretary is authorized
to except such area from the application of such regulations, and shall approve
any confirmed petition.</text>
</subsection><subsection id="H599D8894F8AE49978738240083EFC37B"><enum>(e)</enum><header>Limitation on
Liability</header><text>A person that had used an offshore oil and gas platform
or other facility for oil and gas purposes and that no longer has any ownership
or control of the platform or other facility shall not be liable under Federal
law for any costs or damages arising from such platform or other facility after
the date the platform or other facility is used for any purpose under
subsection (a), unless such costs or damages arise from—</text>
<paragraph id="HAF583B03C3B14AAA9D70DDF9B4A93ECC"><enum>(1)</enum><text>use of the
platform or other facility by the person for development or production of oil
or gas; or</text>
</paragraph><paragraph id="H3B5FE295B8A945EDA85B3679F1F09FA0"><enum>(2)</enum><text>another act or
omission of the person.</text>
</paragraph></subsection><subsection id="H4652442066F84D7DA44C7FB2FC17CC2"><enum>(f)</enum><header>Other Leasing and
Use not Affected</header><text>This section, and the use of any offshore oil
and gas platform or other facility for any purpose under subsection (a), shall
not affect—</text>
<paragraph id="HB589E07E76C24D00A99C25B608F1F49"><enum>(1)</enum><text>the authority of
the Secretary to lease any area under this Act; or</text>
</paragraph><paragraph id="H7936CA4714FD4146A61D906298FCE733"><enum>(2)</enum><text>any activity
otherwise authorized under this
Act.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HB3A0BF87C2E34E56ACBD66EDABCE1EBB"><enum>(c)</enum><header>Deadline for
Regulations</header><text>The Secretary of the Interior shall issue regulations
under subsection (b) by not later than 180 days after the date of the enactment
of this Act.</text>
</subsection><subsection id="H317CA2B85E834B1F99FB49221FB45B57"><enum>(d)</enum><header>Study and Report
on Effects of Removal of Platforms</header><text>Not later than one year after
the date of enactment of this Act, the Secretary of the Interior, in
consultation with other Federal agencies as the Secretary deems advisable,
shall study and report to the Congress regarding how the removal of offshore
oil and gas platforms and other facilities from the outer Continental Shelf
would affect existing fish stocks and coral populations.</text>
</subsection></section><section id="HABE5EC6B2E23477CB82B7D0967C65B96"><enum>218.</enum><header>Repeal of
requirement to conduct comprehensive inventory of OCS oil and natural gas
resources</header><text display-inline="no-display-inline">The Energy Policy
Act of 2005 (<external-xref legal-doc="public-law" parsable-cite="pl/109/58">Public Law 109–58</external-xref>) is amended—</text>
<paragraph id="H72FCAC7C917642D0AA78C9C84D42519D"><enum>(1)</enum><text>by repealing
section 357 (119 Stat. 720; <external-xref legal-doc="usc" parsable-cite="usc/42/15912">42 U.S.C. 15912</external-xref>); and</text>
</paragraph><paragraph id="H6D77B48584F24C0EA0A61D8C13C5E7BE"><enum>(2)</enum><text>in the table of
contents in section 1(b), by striking the item relating to such section
357.</text>
</paragraph></section><section id="H11AD96FFF75C42348BB4FF8176315691"><enum>219.</enum><header>Leases for
areas located within 100 miles of California or Florida</header>
<subsection id="H98F9A8821A23465E9921A29D83A7D83F"><enum>(a)</enum><header>Authorization To
Cancel and Exchange Certain Existing Oil and Gas Leases; Prohibition on
Submittal of Exploration Plans for Certain Leases Prior to June 30,
2012</header>
<paragraph id="H7DC7C8CF97814C98BF66F3131BB62FBC"><enum>(1)</enum><header>Authority</header><text>Within
2 years after the date of enactment of this Act, the lessee of an existing oil
and gas lease for an area located completely within 100 miles of the coastline
within the California or Florida Adjacent Zones shall have the option, without
compensation, of exchanging such lease for a new oil and gas lease having a
primary term of 5 years. For the area subject to the new lease, the lessee may
select any unleased tract on the outer Continental Shelf that is in an area
available for leasing. Further, with the permission of the relevant Governor,
such a lessee may convert its existing oil and gas lease into a natural gas
lease having a primary term of 5 years and covering the same area as the
existing lease or another area within the same State’s Adjacent Zone within 100
miles of the coastline.</text>
</paragraph><paragraph id="H6DCDF27A8B5642D18003577368A83C00"><enum>(2)</enum><header>Administrative
process</header><text>The Secretary of the Interior shall establish a
reasonable administrative process to implement paragraph (1). Exchanges and
conversions under subsection (a), including the issuance of new leases, shall
not be considered to be major Federal actions for purposes of the
<act-name parsable-cite="NEPA69">National Environmental Policy Act of
1969</act-name> (<external-xref legal-doc="usc" parsable-cite="usc/42/4321">42 U.S.C. 4321 et seq.</external-xref>). Further, such actions conducted in
accordance with this section are deemed to be in compliance all provisions of
the Outer Continental Shelf Lands Act (<external-xref legal-doc="usc" parsable-cite="usc/43/1331">43 U.S.C. 1331 et seq.</external-xref>).</text>
</paragraph><paragraph id="H924487851F8F4F28A122B6DC5797C2C2"><enum>(3)</enum><header>Operating
restrictions</header><text>A new lease issued in exchange for an existing lease
under this section shall be subject to such national defense operating
stipulations on the OCS tract covered by the new lease as may be applicable
upon issuance.</text>
</paragraph><paragraph id="H442218ED58F34461B5A031E5C9F97300"><enum>(4)</enum><header>Priority</header><text>The
Secretary shall give priority in the lease exchange process based on the amount
of the original bonus bid paid for the issuance of each lease to be exchanged.
The Secretary shall allow leases covering partial tracts to be exchanged for
leases covering full tracts conditioned upon payment of additional bonus bids
on a per-acre basis as determined by the average per acre of the original bonus
bid per acre for the partial tract being exchanged.</text>
</paragraph><paragraph id="H11C7BC71170845A49CAA05ED77E94C45"><enum>(5)</enum><header>Exploration
plans</header><text>Any exploration plan submitted to the Secretary of the
Interior after the date of the enactment of this Act and before July 1, 2012,
for an oil and gas lease for an area wholly within 100 miles of the coastline
within the California Adjacent Zone or Florida Adjacent Zone shall not be
treated as received by the Secretary until the earlier of July 1, 2012, or the
date on which a petition by the Adjacent State for oil and gas leasing covering
the area within which is located the area subject to the oil and gas lease was
approved.</text>
</paragraph></subsection><subsection id="H4F6CD96E5A6E4B38A939634D993BD9C9"><enum>(b)</enum><header>Further Lease
Cancellation and Exchange Provisions</header>
<paragraph id="H94C29A9DA6AD42F5A2ACA1FCBD7B014C"><enum>(1)</enum><header>Cancellation of
lease</header><text>As part of the lease exchange process under this section,
the Secretary shall cancel a lease that is exchanged under this section.</text>
</paragraph><paragraph id="HC5F7793888504EEA889F1DD3F7816E42"><enum>(2)</enum><header>Consent of
lessees</header><text>All lessees holding an interest in a lease must consent
to cancellation of their leasehold interests in order for the lease to be
cancelled and exchanged under this section.</text>
</paragraph><paragraph id="H4105D61536604237A98D7FD9B31E06DD"><enum>(3)</enum><header>Waiver of
rights</header><text>As a prerequisite to the exchange of a lease under this
section, the lessee must waive any rights to bring any litigation against the
United States related to the transaction.</text>
</paragraph><paragraph id="H31887E00F1974C52A168B021A96EE4B"><enum>(4)</enum><header>Plugging and
abandonment</header><text>The plugging and abandonment requirements for any
wells located on any lease to be cancelled and exchanged under this section
must be complied with by the lessees prior to the cancellation and
exchange.</text>
</paragraph></subsection><subsection id="H6570ACA36E1C421B9C22007F222FDF55"><enum>(c)</enum><header>Area Partially
Within 100 Miles of Florida</header><text>An existing oil and gas lease for an
area located partially within 100 miles of the coastline within the Florida
Adjacent Zone may only be developed and produced using wells drilled from
well-head locations at least 100 miles from the coastline to any bottom-hole
location on the area of the lease. This subsection shall not apply if Florida
has petitioned for leasing closer to the coastline than 100 miles.</text>
</subsection><subsection id="HF422D8F9B2204BEF8CEE840000E6E096"><enum>(d)</enum><header>Existing Oil and
Gas Lease Defined</header><text>In this section the term <term>existing oil and
gas lease</term> means an oil and gas lease in effect on the date of the
enactment of this Act.</text>
</subsection></section><section id="HF1D7DF85FAED4871B6BF08C96332DA19"><enum>220.</enum><header>Coastal impact
assistance</header><text display-inline="no-display-inline">Section 31 of the
Outer Continental Shelf Lands Act (<external-xref legal-doc="usc" parsable-cite="usc/43/1356a">43 U.S.C. 1356a</external-xref>) is repealed.</text>
</section><section id="H199CAA17C891489290F9E3479188A9C"><enum>221.</enum><header>Oil shale and
tar sands amendments</header>
<subsection id="H6D6423231D1147C5B2ABEEA83DE8892"><enum>(a)</enum><header>Repeal of
Requirement To Establish Payments</header><text>Section 369(o) of the Energy
Policy Act of 2005 (<external-xref legal-doc="public-law" parsable-cite="pl/109/58">Public Law 109–58</external-xref>; 119 Stat. 728; <external-xref legal-doc="usc" parsable-cite="usc/42/15927">42 U.S.C. 15927</external-xref>) is
repealed.</text>
</subsection><subsection id="H3706E6F2E5494E248660892F2865A2F8"><enum>(b)</enum><header>Treatment of
Revenues</header><text>Section 21 of the <act-name parsable-cite="MLA">Mineral
Leasing Act</act-name> (<external-xref legal-doc="usc" parsable-cite="usc/30/241">30 U.S.C. 241</external-xref>) is amended by adding at the end the
following:</text>
<quoted-block act-name="Mineral Leasing Act" id="H2CE5B2EA77E14F4FA964A895706F8BC3" style="OLC">
<subsection id="H5217D144543643D194269751C5023657"><enum>(e)</enum><header>Revenues</header>
<paragraph id="H35B7DAA1B193494883E32F0015D5C8AC"><enum>(1)</enum><header>In
general</header><text>Notwithstanding the provisions of section 35, all
revenues received from and under an oil shale or tar sands lease shall be
disposed in the Treasury as miscellaneous receipts.</text>
</paragraph><paragraph id="HB9C1CBAD4B314A32A5009C3E34E78525"><enum>(2)</enum><header>Royalty rates
for commercial leases</header>
<subparagraph id="H5BF19D9AFF6045ADB594620637C7F623"><enum>(A)</enum><header>Royalty
rates</header><text>The Secretary shall model the royalty schedule for oil
shale and tar sands leases based on the royalty program currently in effect for
the production of synthetic crude oil from oil sands in the Province of
Alberta, Canada.</text>
</subparagraph><subparagraph id="HE3BC5DE951C546D19C8BFBE42CE0EF"><enum>(B)</enum><header>Reduction</header><text>The
Secretary shall reduce any royalty otherwise required to be paid under
subparagraph (A) under any oil shale or tar sands lease on a sliding scale
based upon market price, with a 10 percent reduction if the average futures
price of NYMEX Light Sweet Crude, or a similar index, drops, for the previous
quarter year, below $50 (in January 1, 2006, dollars), and an 80 percent
reduction if the average price drops below $30 (in January 1, 2006, dollars)
for the quarter previous to the one in which the production is
sold.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection></section><enum>III</enum><header>NUCLEAR
ENERGY</header>
<section id="H93F606D0151E4B119358AC38DEBB53CD"><enum>301.</enum><header>Incentives for
innovative technologies</header>
<subsection id="H3DC1F9D4D15A42E9B1A77889847C3500"><enum>(a)</enum><header>Definition of
project cost</header><text>Section 1701(1) of the Energy Policy Act of 2005 (42
U.S.C. 16511(1)) is amended by inserting a new paragraph (4) and renumbering
the paragraphs accordingly:</text>
<quoted-block id="H489AF02F684A4E56AAEC48D12090B5C1" style="OLC">
<paragraph id="H8455914D75854CB5BDC789C76931C758"><enum>(4)</enum><header>Project
cost</header><text>The term <term>project cost</term> means all costs
associated with the development, planning, design, engineering, permitting and
licensing, construction, commissioning, start-up, shakedown and financing of
the facility, including but not limited to reasonable escalation and
contingencies, the cost of and fees for the guarantee, reasonably required
reserve funds, initial working capital and interest during
construction.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H0CFE11668CC04165B04943E952E491C3"><enum>(b)</enum><header>Terms and
conditions</header><text>Section 1702 of the Energy Policy Act of 2005 (42
U.S.C. 16512) is amended by striking subsections (b) and (c) and inserting the
following:</text>
<quoted-block id="HF27A6DD1D7034C28BA16F51B58145B51" style="OLC">
<subsection id="H514CC9AE36574C0DA6A87700A2FEC209"><enum>(b)</enum><header>Specific
appropriation or contribution</header>
<paragraph id="H281BEAF5A9A94E66BB5642E734E9E6A5"><enum>(1)</enum><header>In
general</header><text>No guarantee shall be made unless—</text>
<subparagraph id="HBC8E1DDF215E473C97D0248BCA4507E2"><enum>(A)</enum><text>an appropriation
for the cost has been made; or</text>
</subparagraph><subparagraph id="HDF481BBE71624918875E61C181E735AC"><enum>(B)</enum><text>the Secretary has
received from the borrower a payment in full for the cost of the obligation and
deposited the payment into the Treasury; or</text>
</subparagraph><subparagraph id="HC78D2A7E315842379CF5AAF68FCD0668"><enum>(C)</enum><text>a combination of
(A) and (B) has been made, that when combined is sufficient to cover the cost
of the obligation.</text>
</subparagraph></paragraph><paragraph id="H6020BEACC0D54EA4991B3BD41139C8A3"><enum>(2)</enum><header>Relation to
other laws</header><text>Section 504 (b) of the Federal Credit Reform Act of
1990 (2 U.S.C. 661c (b)) shall not apply to a loan guarantee made in accordance
with paragraph
(1)(B).</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H3960C0538ABA4ECBBBF9FD1F602885C"><enum>(c)</enum><header>Amount</header><text>Section
1702 of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16512">42 U.S.C. 16512</external-xref>) is amended by striking
subsection (c) and inserting the following:</text>
<quoted-block id="H2E556C587D874995BF3D51C976775EE2">
<subsection id="H1837DA3B7F0C48FA820041C8C65BBE87"><enum>(c)</enum><header>Amount</header>
<paragraph id="H9E586186813E4CE6B672E26C61612700"><enum>(1)</enum><header>In
general</header><text>Subject to paragraph (2), the Secretary shall guarantee
100 percent of the obligation for a facility that is the subject of the
guarantee, or a lesser amount if requested by the borrower.</text>
</paragraph><paragraph id="H0753EDBDE51743368100B5EC21A35C19"><enum>(2)</enum><header>Limitation</header><text>The
total amount of loans guaranteed for a facility by the Secretary shall not
exceed 80 percent of the total cost of the facility, as estimated at the time
at which the guarantee is
issued.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HCD8D98E5B40F40BA9663553F0370EBC8"><enum>(d)</enum><header>Fees</header><text>Section
1702(h) of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16512">42 U.S.C. 16512(h)</external-xref>) is amended by
striking paragraph (2) and inserting the following:</text>
<quoted-block id="H92FC931FE85341B9AC575D75A2ADDD4">
<paragraph id="HA1C8044B9AD747B0B73B495F9EF1887B"><enum>(2)</enum><header>Availability</header><text>Fees
collected under this subsection shall—</text>
<subparagraph id="H1AEE7FF5AAF641639B2F08AB00F1CD60"><enum>(A)</enum><text>be deposited by
the Secretary into a special fund in the Treasury to be known as the
<quote>Incentives For Innovative Technologies Fund</quote>; and</text>
</subparagraph><subparagraph id="H09CF557BB4344E15A8880421BA117CD9"><enum>(B)</enum><text>remain available
to the Secretary for expenditure, without further appropriation or fiscal year
limitation, for administrative expenses incurred in carrying out this
title.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection></section><section id="H297C2A4E771D45ED00BC002F5F7B935E"><enum>302.</enum><header>Standby support
for certain nuclear plant delays</header>
<subsection id="H5EB260824A14485EB2195D34CA8C312B"><enum>(a)</enum><header>Definitions</header><text>Section
638(a) of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16014">42 U.S.C. 16014(a)</external-xref>) is amended as
follows:</text>
<paragraph id="HC3F54DD1072846C5BAB7D78EA1E9BBC"><enum>(1)</enum><text>By
inserting the following:</text>
<quoted-block id="H1216C51A6282473DA8CF4900B4008B62" style="OLC">
<paragraph id="HEEE3B13C988843778D00D71149F5417"><enum>(4)</enum><header>Full power
operation</header><text>The term <term>full power operation</term> means
whichever occurs first of—</text>
<subparagraph id="H7253F847CA554B9C815B6CC24F6E0418"><enum>(A)</enum><text>the
<term>commercial operation date</term> or the equivalent under the terms of the
financing documents for such facility, or</text>
</subparagraph><subparagraph id="H41E311DC78FB4F1FB0D5BF647B290900"><enum>(B)</enum><text>operation of such
facility at an average of 50 percent or greater of nameplate capacity over any
consecutive 30-day period.</text>
</subparagraph></paragraph><paragraph id="H947B115411D64A84B3B7DB00E2B1469F"><enum>(5)</enum><header>Increased
project costs</header><text>The term <term>increased project costs</term> means
the increased cost of constructing, commissioning, testing, operating or
maintaining a reactor prior to full-power operation incurred as a result of a
delay covered by the contract including but not limited to costs of
demobilization and remobilization, increased costs of equipment, materials and
labor due to delay (including idle time), increased general and administrative
costs, and escalation costs for completing construction.</text>
</paragraph><paragraph id="H595C25FF988C41599DDBE950C424CA7C"><enum>(6)</enum><header>Litigation</header><text>The
term <term>litigation</term> means adjudication in Federal, State, local or
tribal courts and administrative proceedings or hearings at or before Federal,
State, local or tribal agencies or administrative
bodies.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="HAB1B76441B18468B8CFC575216F249C1"><enum>(2)</enum><text>By redesignating
paragraph (4) as paragraph (7).</text>
</paragraph></subsection><subsection id="H5A7D106483D24E12A94C2541632C6D41"><enum>(b)</enum><header>Contract
authority</header><text>Section 638(b) of the Energy Policy Act of 2005 (42
U.S.C. §16014(b)) is amended by striking paragraph (1) and inserting the
following:</text>
<quoted-block id="H1E54BCA378174591A4738C149EEA343C" style="OLC">
<paragraph id="H8B8572D993214F8B88A5003823E0C4BF"><enum>(1)</enum><header>In
general</header><text>The Secretary may enter into contracts under this section
with sponsors of an advanced nuclear facility that cover at any one time
outstanding a total of not more than 6 reactors, with the 6 reactors consisting
of not more than 3 different reactor designs, in accordance with paragraph (2).
In the event that any contract entered into under this section terminates or
expires without a claim being paid by the Secretary thereunder, then the
Secretary may enter into a new contract under this section in replacement or
substitution for such
contract.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H1D96B3D9C4734B12B9F1029DE66300A6"><enum>(c)</enum><header>Covered
costs</header><text>Section 638(d) of the Energy Policy Act of 2005 (42. U.S.C.
§16014(d)) is amended by striking paragraphs (2) and (3) and inserting the
following:</text>
<quoted-block id="HBCB46FCE342842C2985363C74FD900A" style="OLC">
<paragraph id="HACBCF0360DD44385981624211E815BF6"><enum>(2)</enum><header>Coverage</header><text>In
the case of reactors that receive combined licenses and on which construction
is commenced, the Secretary shall pay—</text>
<subparagraph id="H78BA616C46254BC2B739BD1CDA75C568"><enum>(A)</enum><text>100 percent of the
covered costs of delay that occur after the initial 30-day period of covered
delay; but</text>
</subparagraph><subparagraph id="HA336452F691945CABFC1FF28564DE6B8"><enum>(B)</enum><text>not more than
$500,000,000 per contract.</text>
</subparagraph></paragraph><paragraph id="H01739E225CC249C399003BF89797CD95"><enum>(3)</enum><header>Covered debt
obligations</header><text>Debt obligations covered under subparagraph (A) of
paragraph (5) shall include but not be limited to debt obligations incurred to
pay increased project
costs.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H2A2EDD4CDC654726805176A25419B27B"><enum>(d)</enum><header>Dispute
resolution</header><text>Section 638 of the Energy Policy Act of 2005 (42
U.S.C. 16014) is amended as follows:</text>
<paragraph id="H7E911FB6B24F4CC4996EFA1024164C93"><enum>(1)</enum><text>by inserting the
following:</text>
<quoted-block id="H0FAF272BCB3649B78D5C62BEAE38E2EA" style="OLC">
<subsection id="H21DD81D8CFA44C00B8408D6D84896E57"><enum>(f)</enum><header>Dispute
resolution</header><text>Any controversy or claim arising out of or relating to
any contract entered into under this section shall be determined by arbitration
in Washington, DC according to the then prevailing Commercial Arbitration Rules
of the American Arbitration Association. A decision by the arbitrator(s) shall
be final and binding, and any court having jurisdiction may enter judgment on
it.</text>
</subsection><after-quoted-block>;
and</after-quoted-block></quoted-block>
</paragraph><paragraph id="HE7C7A144280C46E09FAF467CE8FA79E1"><enum>(2)</enum><text>by designating
subsections (f), (g), and (h) as subsections (g), (h), and (i)
respectively.</text>
</paragraph></subsection></section><section id="H3809511279D54E429C5D5C23282605DD"><enum>303.</enum><header>Authorization
for nuclear power 2010 program</header><text display-inline="no-display-inline">Section 952(c) of the Energy Policy Act of
2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16014">42 U.S.C. 16014</external-xref>) is amended by striking subsections (1) and (2) and
substituting the following:</text>
<paragraph id="H8B2DE43A3CCB481B82B031A7836666FB"><enum>(1)</enum><header>In
general</header><text>The Secretary shall carry out a Nuclear Power 2010
Program to position the nation to start construction of new nuclear power
plants by 2010 or as close to 2010 as achievable.</text>
</paragraph><paragraph id="HBD0AC1434CD740A29719DCA493C1994"><enum>(2)</enum><header>Scope of
program</header><text>The Nuclear Power 2010 Program shall be cost-shared with
the private sector and shall support the following objectives:</text>
<subparagraph id="H888F01DD6FC94DC9A1D9E33FF1DDAAB1"><enum>(A)</enum><text>Demonstrating the
licensing process for new nuclear power plants, including the Nuclear
Regulatory Commission process for obtaining early site permits (EPS), combined
construction/operating licenses (cols), and design certifications.</text>
</subparagraph><subparagraph id="H2B978D98A47B4929AD1C606282C3F38"><enum>(B)</enum><text>Conducting
first-of-a-kind design and engineering work on at least two advanced nuclear
reactor designs sufficient to bring those designs to a state of design
completion sufficient to allow development of firm cost estimates.</text>
</subparagraph></paragraph><paragraph id="HCB6452200442408698A049CA46294059"><enum>(3)</enum><header>Authorization of
appropriations</header><text>There are authorized to be appropriated to the
Secretary to carry out the Nuclear Power 2010 Program—</text>
<subparagraph id="H4761D97EF7AA4967BCEAA57D3FAE5CFE"><enum>(A)</enum><text>$182,800,000 for
fiscal year 2008;</text>
</subparagraph><subparagraph id="HFFBB49240D7D451AB4DC628B007C88FB"><enum>(B)</enum><text>$159,600,000 for
fiscal year 2009;</text>
</subparagraph><subparagraph id="H8CC83C782C5E4D42B6227F3BD5C1ECA"><enum>(C)</enum><text>$135,600,000 for
fiscal year 2010;</text>
</subparagraph><subparagraph id="H835B39EC6EE74D34B070D3C3E593ADF8"><enum>(D)</enum><text>$46,900,000 for
fiscal year 2011; and</text>
</subparagraph><subparagraph id="H29D19B6F7C8842DDB9AB6DF6C400D182"><enum>(E)</enum><text>$2,200,000 for
fiscal year 2012.</text>
</subparagraph></paragraph></section><section id="H079A80DEC0AE4B0E87A3ACFED1194EA3"><enum>304.</enum><header>Domestic
manufacturing base for nuclear components and equipment</header>
<subsection id="H5A40AF43FB52486D83C68404C43C2F8B"><enum>(a)</enum><header>Establishment of
interagency working group</header>
<paragraph id="H13EACD0C893B467E00B8C6FBB0007099"><enum>(1)</enum><header>Purposes</header>
<subparagraph id="H41E973F6FE8F4D64A1ABE0511DA9EF13"><enum>(A)</enum><text>to increase the
competitiveness of the United States nuclear energy products and services
industries;</text>
</subparagraph><subparagraph id="H05AC32943DD346618299EA336FEDBB2"><enum>(B)</enum><text>to identify the
stimulus or incentives necessary to cause United States manufacturers of
nuclear energy products to expand manufacturing capacity;</text>
</subparagraph><subparagraph id="H7121C61C52784E2585840559C38500BC"><enum>(C)</enum><text>to facilitate the
export of United States nuclear energy products and services;</text>
</subparagraph><subparagraph id="H1A0C51697FB047ACB261AD4213913E59"><enum>(D)</enum><text>to reduce the
trade deficit of the United States through the export of United States nuclear
energy products and services;</text>
</subparagraph><subparagraph id="HE74C1822F4A14FCE817D1CBF3CA47EFD"><enum>(E)</enum><text>to retain and
create nuclear energy manufacturing and related service jobs in the United
States;</text>
</subparagraph><subparagraph id="H910E559F060B41590064FEE9A8BB3C5C"><enum>(F)</enum><text>to integrate the
objectives in paragraphs (1) through (4) in a manner consistent with the
interests of the United States, into the foreign policy of the United States;
and</text>
</subparagraph><subparagraph id="H00854B2DDEF444B7BB12C3C8E31EE910"><enum>(G)</enum><text>to authorize funds
for increasing United States capacity to manufacture nuclear energy products
and supply nuclear energy services.</text>
</subparagraph></paragraph><paragraph id="HF0C30052C8F64E5EB61F3D2480B2BAC"><enum>(2)</enum><header>Establishment</header>
<subparagraph id="H542339F2954143539450C2E3AF2907C1"><enum>(A)</enum><text>There shall be
established an interagency working group that, in consultation with
representative industry organizations and manufacturers of nuclear energy
products, shall make recommendations to coordinate the actions and programs of
the Federal Government in order to promote increasing domestic manufacturing
capacity and export of domestic nuclear energy products and services.</text>
</subparagraph><subparagraph id="HFDC182868F8F44D58E80F6D235E49591"><enum>(B)</enum><text>The Interagency
Working Group shall be composed of—</text>
<clause id="H5CEF8C823F474BD6B8E35CF2716B0041"><enum>(i)</enum><text>The
Secretary of Energy, or the Secretary’s designee, shall chair the interagency
working group. The Secretary of Energy shall provide staff for carrying out the
functions of the interagency working group established under this
section.</text>
</clause><clause id="H4F6433F8428D4713BE6E1CF5C98E341C"><enum>(ii)</enum><text>representatives
of—</text>
<subclause id="HC71FC1207F1E4FCEBA1FC31BD3371B18"><enum>(I)</enum><text>the Department of
Energy;</text>
</subclause><subclause id="H5099A0C6105E4E58A0378FA5F978531D"><enum>(II)</enum><text>the Department of
Commerce;</text>
</subclause><subclause id="H9819FDD934F64A6FB170F26D38D2BCD5"><enum>(III)</enum><text>the Department
of Defense;</text>
</subclause><subclause id="HA56B8C547B8C4C7283A2E96938B027B2"><enum>(IV)</enum><text>the Department of
Treasury;</text>
</subclause><subclause id="H6A5266B84DFA411E9B0923F259FDCE3"><enum>(V)</enum><text>the Department of
State;</text>
</subclause><subclause id="H6B94A9FE423242F9A0B61B5760141F57"><enum>(VI)</enum><text>the Environmental
Protection Agency;</text>
</subclause><subclause id="H5AC29F95680C45599F07A3E48D0CAB"><enum>(VII)</enum><text>the United States
Agency for International Development;</text>
</subclause><subclause id="HD50BDCB083F6424A9307A65806A0B8FF"><enum>(VIII)</enum><text>the
Export-Import Bank of the United States;</text>
</subclause><subclause id="H9FCBF269E3254E6C00E1786BA20E426"><enum>(IX)</enum><text>the Trade and
Development Agency;</text>
</subclause><subclause id="H2A64B64FC8E3451C92F724FAF114EFC"><enum>(X)</enum><text>the Small Business
Administration;</text>
</subclause><subclause id="H0D7A67E4C01A4BEEB6B3E36F88D38375"><enum>(XI)</enum><text>the Office of the
U.S. Trade Representative; and</text>
</subclause><subclause id="HD4DE8F68ABA0428281FA029D3B68D0C0"><enum>(XII)</enum><text>other Federal
agencies, as determined by the President.</text>
</subclause></clause><clause id="HB3E6CF888A954C6588E560C1E186D872"><enum>(iii)</enum><text>The heads of
appropriate agencies shall detail such personnel and furnish such services to
the interagency group, with or without reimbursement, as may be necessary to
carry out the group’s functions.</text>
</clause></subparagraph></paragraph><paragraph id="H17B73DE2DB4D487D9F872DB797E30065"><enum>(3)</enum><header>Duties of the
interagency working group</header>
<subparagraph id="H7F167727339F4A5BAE8B2EBCD0957B9D"><enum>(A)</enum><text>Within six months
of enactment, the interagency working group established under section (1)(A)
shall identify the actions necessary to promote the safe development and
application in foreign countries of nuclear energy products and services in
order to—</text>
<clause id="H547C7FA6CB6A49B8B3D1C60065CBFB5D"><enum>(i)</enum><text>increase
electricity generation from nuclear energy sources through development of new
generation facilities;</text>
</clause><clause id="H9608D0CB2BFF4E94A0FF2D00E0C5697"><enum>(ii)</enum><text>improve the
efficiency, safety and/or reliability of existing nuclear generating facilities
through modifications; and</text>
</clause><clause id="HB0FA435481CB418FAC3E1E1D372E0005"><enum>(iii)</enum><text>enhance the safe
treatment, handling, storage and disposal of used nuclear fuel.</text>
</clause></subparagraph><subparagraph id="HB8BB7B0B478843C0B33FDD63C3A674ED"><enum>(B)</enum><text>Within 6 months of
enactment, the interagency working group shall identify mechanisms (including,
but not limited to, tax stimulus for investment, loans and loan guarantees, and
grants) necessary for United States companies to increase their capacity to
produce or provide nuclear energy products and services, and to increase their
exports of nuclear energy products and services. The interagency working group
shall identify administrative or legislative initiatives necessary to—</text>
<clause id="H8095CDC8BC2547AB87199343BBA51782"><enum>(i)</enum><text>encourage United
States companies to increase their manufacturing capacity for nuclear energy
products;</text>
</clause><clause id="H3AF3AD4638424E18BB7EE34E7EF0F708"><enum>(ii)</enum><text>provide technical
and financial assistance and support to small and mid-sized businesses to
establish quality assurance programs in accordance with domestic and
international nuclear quality assurance code requirements;</text>
</clause><clause id="HE353C897123D45D19E9D4D6600DC04F7"><enum>(iii)</enum><text>encourage,
through financial incentives, private sector capital investment to expand
manufacturing capacity; and</text>
</clause><clause id="HB48F10A7A76D490592098F666C9D81C7"><enum>(iv)</enum><text>provide technical
assistance and financial incentives to small and mid-sized businesses to
develop the work-force necessary to increase manufacturing capacity and meet
domestic and international nuclear quality assurance code requirements.</text>
</clause></subparagraph><subparagraph id="H98F42E23A352442AA5A4D44CCC5144"><enum>(C)</enum><text>Within 9 months of
enactment, the interagency working group shall provide a report to Congress on
its findings under Section (2)(A) and (B), including recommendations for new
legislative authority where necessary.</text>
</subparagraph></paragraph><paragraph id="H014970B88E674794BA32EFB35669B424"><enum>(4)</enum><header>Trade
assistance</header><text>The interagency working group shall encourage the
member agencies of the interagency working group to—</text>
<subparagraph id="HB6F933B5F97A4F5A9786EF1622D72E4E"><enum>(A)</enum><text>provide technical
training and education for international development personnel and local users
in their own country;</text>
</subparagraph><subparagraph id="H5D6BFD30A1794358A2F6B3F35282AF00"><enum>(B)</enum><text>provide financial
and technical assistance to nonprofit institutions that support the marketing
and export efforts of domestic companies that provide nuclear energy products
and services;</text>
</subparagraph><subparagraph id="H69D035FE17F24BEB84B94F76312DFFAB"><enum>(C)</enum><text>develop nuclear
energy projects in foreign countries;</text>
</subparagraph><subparagraph id="H8C3BB7A9E9B44C33B03D00EACFEC00A4"><enum>(D)</enum><text>provide technical
assistance and training materials to loan officers of the World Bank,
international lending institutions, commercial and energy attaches at embassies
of the United States and other appropriate personnel in order to provide
information about nuclear energy products and services to foreign governments
or other potential project sponsors;</text>
</subparagraph><subparagraph id="H2653BF69528B4557A04F31543356B3E"><enum>(E)</enum><text>support, through
financial incentives, private sector efforts to commercialize and export
nuclear energy products and services in accordance with the subsidy codes of
the World Trade Organization; and</text>
</subparagraph><subparagraph id="HD052A6391A1646498F73DAC2F524BCA9"><enum>(F)</enum><text>augment budgets
for trade and development programs in order to support prefeasibility or
feasibility studies for projects that utilize nuclear energy products and
services.</text>
</subparagraph></paragraph><paragraph id="HF6EE6A1533EE4AE88F130231E361EE4B"><enum>(5)</enum><header>Authorization of
appropriations</header><text>There are authorized to be appropriated to the
Secretary for purposes of carrying out this title $20,000,000 for fiscal years
2008 and 2009.</text>
</paragraph></subsection><subsection id="H12036C745EA6438A9DF270AF3CA69545"><enum>(b)</enum><header>Credit for
qualifying nuclear power manufacturing</header><text>Subpart E of part IV of
subchapter A of chapter 1 of the Internal Revenue Code is amended by inserting
after section 48B the following new section:</text>
<quoted-block id="HE15AB43D80204C44BCD0B4659900753F" style="OLC">
<section id="HF9DF1C1440A04819A4B61157956D49FE"><enum>48C.</enum><header>Qualifying
nuclear power manufacturing credit</header>
<subsection id="H376910465AF44351AFFF1502A1D8B2C6"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">For purposes of
section 46, the qualifying nuclear power manufacturing credit for any taxable
year is an amount equal to 20 percent of the qualified investment for such
taxable year.</text>
</subsection><subsection id="H70E699B392544A6587F43630B75FFEE3"><enum>(b)</enum><header>Qualified
investment</header>
<paragraph id="H724EA16213C54732B063072B90E7C840"><enum>(1)</enum><header>In
general</header><text>For purposes of subsection (a), the qualified investment
for any taxable year is the basis of eligible property placed in service by the
taxpayer during such taxable year—</text>
<subparagraph id="H9598C43AD3C646CD8CAC30DDC8021393"><enum>(A)</enum><text>which is either
part of a qualifying nuclear power manufacturing project or is qualifying
nuclear power manufacturing equipment,</text>
</subparagraph><subparagraph id="H8566719F7CB04227B74664FDA5A265DB"><enum>(B)</enum><clause commented="no" display-inline="yes-display-inline" id="H83CDB018B1A54508A0DEE45526F230DC"><enum>(i)</enum><text>the construction,
reconstruction, or erection of which is completed by the taxpayer, or</text>
</clause><clause id="H725FA61012504F87A3BEAC00D4FB31DB" indent="up1"><enum>(ii)</enum><text>which is acquired by the taxpayer
if the original use of such property commences with the taxpayer,</text>
</clause></subparagraph><subparagraph id="HFD9C9777AEE047ECB322C8EC24B200AA"><enum>(C)</enum><text>with respect to
which depreciation (or amortization in lieu of depreciation) is allowable,
and</text>
</subparagraph><subparagraph id="H4B056766023B4C0BA23D282C92F21095"><enum>(D)</enum><text>which is placed in
service on or before December 31, 2015.</text>
</subparagraph></paragraph><paragraph id="HF0F400BA251A484188D200A6ABE80489"><enum>(2)</enum><header>Special rule for
certain subsidized property</header><text>Rules similar to section 48(a)(4)
shall apply for purposes of this section.</text>
</paragraph><paragraph id="HBCBA41CA4B754C70BAA700EF956513E"><enum>(3)</enum><header>Certain qualified
progress expenditures rules made applicable</header><text>Rules similar to the
rules of subsections (c)(4) and (d) of section 46 (as in effect on the day
before the enactment of the Revenue Reconciliation Act of 1990) shall apply for
purposes of this section.</text>
</paragraph></subsection><subsection id="H760831FF88F9473F9832215B1576F4DD"><enum>(c)</enum><header>Definitions</header><text>For
purposes of this section—</text>
<paragraph id="H07467F6518AF4C2CA554F0D9BEDBFCD"><enum>(1)</enum><header>Qualifying
nuclear power manufacturing project</header><text>The term <term>qualifying
nuclear power manufacturing project</term> means any project which is designed
primarily to enable the taxpayer to produce or test equipment necessary for the
construction or operation of a nuclear power plant.</text>
</paragraph><paragraph id="HE919BE5EF88942368081F73F494460C6"><enum>(2)</enum><header>Qualifying
nuclear power manufacturing equipment</header><text>The term <term>qualifying
nuclear power manufacturing equipment</term> means machine tools and other
similar equipment, including computers and other peripheral equipment, acquired
or constructed primarily to enable the taxpayer to produce or test equipment
necessary for the construction or operation of a nuclear power plant.</text>
</paragraph><paragraph id="HD8A36BA2754D4514A8C5497496FA8401"><enum>(3)</enum><header>Project</header><text>The
term <term>project</term> includes any building constructed to house qualifying
nuclear power manufacturing
equipment.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H297A8C750C6E4559A339C6766BDA96EA"><enum>(c)</enum><header>Conforming
amendments</header>
<paragraph id="H05E12EF73087408FBED502AA5EB42619"><enum>(1)</enum><header>Additional
investment credit</header><text>Section 46 is amended by—</text>
<subparagraph id="HA257892200114986B32E78B7F1ACDE8"><enum>(A)</enum><text>striking
<quote>and</quote> at the end of paragraph (3);</text>
</subparagraph><subparagraph id="HEE9691DFB5EF456399E3F622F4D300A0"><enum>(B)</enum><text>striking the
period at the end of paragraph (4) and inserting <quote>, and</quote>;
and</text>
</subparagraph><subparagraph id="H804E3608C3664ED3AB225E86527792C0"><enum>(C)</enum><text>inserting after
paragraph (4) the following new paragraph:</text>
<quoted-block id="H34E5497B1A6044DA90E15BBF36390092" style="OLC">
<paragraph id="HDA7F83F5592141DDA2ECCD5920C150E2"><enum>(5)</enum><text>the qualifying
nuclear power manufacturing
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="HEEC076C1CD864B1780CE0731D3B1099D"><enum>(2)</enum><header>Application of
section 49</header><text>Subparagraph (C) of section 49(a)(1) is amended
by—</text>
<subparagraph id="H7AB57D29FE7342FD9C3900D23835C586"><enum>(A)</enum><text>striking
<quote>and</quote> at the end of clause (iii);</text>
</subparagraph><subparagraph id="H5FB29E1EEE6B451889384F9200556C2D"><enum>(B)</enum><text>striking the
period at the end of clause (iv) and inserting <quote>, and</quote>; and</text>
</subparagraph><subparagraph id="HC43C117EDBE347EABC63C134816B7388"><enum>(C)</enum><text>inserting after
clause (iv) the following new clause:</text>
<quoted-block id="H26528250B3194A7F9FD319417B330000" style="OLC">
<clause id="HBE467B89E4A34E808EB0CD44355D7630"><enum>(v)</enum><text>the basis of any
property which is part of a qualifying nuclear power equipment manufacturing
project under section
48C.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph commented="no" id="H0516B86F11484D638C46402360001FA2"><enum>(3)</enum><header>Table of
sections</header><text>The table of sections preceding section 46 is amended by
inserting after the line for section 48B the following new line:</text>
<quoted-block display-inline="no-display-inline" id="H14798E93632E4562ABCD2C0925C40041" style="OLC">
<toc regeneration="no-regeneration">
<toc-entry level="section">Sec. 48C. Qualifying nuclear power
manufacturing
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" id="H87483785DEDE486C8C64709CE560725C"><enum>(d)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to
property—</text>
<paragraph commented="no" id="HF767E28B5F0D46C6A2F8FAE3B9E381E0"><enum>(1)</enum><text>the construction,
reconstruction, or erection of which of began after the date of enactment;
or</text>
</paragraph><paragraph commented="no" id="H9246559E93D440C7A36836F66700B413"><enum>(2)</enum><text>which was acquired
by the taxpayer on or after the date of enactment and not pursuant to a binding
contract which was in effect on the day prior to the date of enactment.</text>
</paragraph></subsection></section><section id="H9F7DCECA386844ED8B3D74E3AA10005C"><enum>305.</enum><header>Nuclear energy
workforce</header><text display-inline="no-display-inline">Section 1101 of the
Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16411">42 U.S.C. 16411</external-xref>) is amended (1) by redesignating
subsection (d) as subsection (e); and by inserting after subsection (c) the
following:</text>
<quoted-block id="H5C8236761A2948D4B978544CB9ACC4F9" style="OLC">
<subsection id="HD234D6A7F01B46488CA3006453FAC330"><enum>(d)</enum><header>Workforce
training</header>
<paragraph id="H476CC82D10DB47C2A74B0900E23288A4"><enum>(1)</enum><header>In
general</header><text>The Secretary of Labor, in cooperation with the Secretary
of Energy, shall promulgate regulations to implement a program to provide
workforce training to meet the high demand for workers skilled in the nuclear
utility and nuclear energy products and services industries.</text>
</paragraph><paragraph id="H6856403199D74195AAF19E37CCE9DF6F"><enum>(2)</enum><header>Consultation</header><text>In
carrying out this subsection, the Secretary of Labor shall consult with
representatives of the nuclear utility and nuclear energy products and services
industries, and organized labor, concerning skills that are needed in those
industries.</text>
</paragraph><paragraph id="H9988617397F34156B0057656CCF2CD2"><enum>(3)</enum><header>Authorization of
appropriations</header><text>There are authorized to be appropriated to the
Secretary of Labor, working in coordination with the Secretaries of Education
and Energy $20,000,000 for each of fiscal years 2008 through 2012 for use in
implementing a program to provide workforce training to meet the high demand
for workers skilled in the nuclear utility and nuclear energy products and
services
industries.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="HE977CD42CD3F4F63AA56206EC299D0B3"><enum>306.</enum><header>Licensing of
new nuclear power plants</header><text display-inline="no-display-inline">Sections 189 and 185 of the Atomic Energy
Act are amended thus:</text>
<paragraph id="H0D65AFE8265A4BD092904DE5003FF125"><enum>(1)</enum><header>Hearings and
judicial review</header><text>Section 189a.(1)(A) is modified thus: <quote>In
any proceeding under this Act, for the granting, suspending, revoking, or
amending of any license or construction permit, or application to transfer
control, and in any proceeding for the issuance or modification of rules and
regulations dealing with the activities of licensees, and in any proceeding for
the payment of compensation, an award, or royalties under section 153, 157,
186c., or 188, the Commission shall grant a hearing upon the request of any
person whose interest may be affected by the proceeding, and shall admit any
such person as a party to such proceeding. The Commission may, in the absence
of a request therefor by any person whose interest may be affected, issue a
construction permit, an operating license or an amendment to a construction
permit or an amendment to an operating license without a hearing, but upon
thirty days’ notice and publication once in the Federal Register of its intent
to do so. The Commission may dispense with such thirty days’ notice and
publication with respect to any application for an amendment to a construction
permit or an amendment to an operating license upon a determination by the
Commission that the amendment involves no significant hazards
consideration.</quote>.</text>
</paragraph><paragraph id="HE5D6B862AA214104B2A79CABB1546BE1"><enum>(2)</enum><header>Construction
permits and operating licenses</header><text display-inline="yes-display-inline">Section 185b is modified thus: <quote>After
any public hearing held under section 189a.(1)(A), the Commission shall issue
to the applicant a combined construction and operating license if the
application contains sufficient information to support the issuance of a
combined license and the Commission determines that there is reasonable
assurance that the facility will be constructed and will operate in conformity
with the license, the provisions of this Act, and the Commission’s rules and
regulations. The Commission shall identify within the combined license the
inspections, tests, and analyses, including those applicable to emergency
planning, that the licensee shall perform, and the acceptance criteria that, if
met, are necessary and sufficient to provide reasonable assurance that the
facility has been constructed and will be operated in conformity with the
license, the provisions of this Act, and the Commission’s rules and
regulations. Following issuance of the combined license, the Commission shall
ensure that the prescribed inspections, tests, and analyses are performed and,
prior to operation of the facility, shall find that the prescribed acceptance
criteria are met. Any finding made under this subsection shall not require a
hearing except as provided in section 189a.(1)(B).</quote>.</text>
</paragraph></section><section id="HB00E0875792C4151B13E809FC778D765"><enum>307.</enum><header>Investment tax
credit for investments in nuclear power facilities</header>
<subsection id="HCFFB041F1C0249FD839BD4BC68C51CD9"><enum>(a)</enum><header>New credit for
nuclear power facilities</header><text>Section 46 is amended by—</text>
<paragraph id="H2B5ECD5D555C4C65A03305995BE25013"><enum>(1)</enum><text>striking
<quote>and</quote> at the end of paragraph (3);</text>
</paragraph><paragraph id="HCE042C7BA2F841D7AE56A95E517D3F3D"><enum>(2)</enum><text>striking the
period at the end of paragraph (4) and inserting <quote>, and</quote>;
and</text>
</paragraph><paragraph id="HB1600E8F91364CD1B477A4B78F84FEE0"><enum>(3)</enum><text>inserting after
paragraph (4) the following new paragraph:</text>
<quoted-block id="HBF7922031C8347F9A6D2617F92FD2BB5" style="OLC">
<paragraph id="HC4C5E1585E87410BAB00D5A17600826C"><enum>(5)</enum><text>the nuclear power
facility construction
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H206C4F36734C458194DFE64DB21BB5E3"><enum>(b)</enum><header>Nuclear power
facility construction credit</header><text>Subpart E of part IV of subchapter A
of chapter 1 is amended by inserting after section 48B the following new
section:</text>
<quoted-block id="H3B36701D186D469FACBF8005F69C410" style="OLC">
<section id="H23F870C3F0CF458092AF9DCECBA22579"><enum>48C.</enum><header>Nuclear power
facility construction credit</header>
<subsection id="H1B40923009624AAFA6A216646600DCAA"><enum>(a)</enum><header>In
general</header><text>For purposes of section 46, the nuclear power facility
construction credit for any taxable year is 10 percent of the qualified nuclear
power facility expenditures with respect to a qualified nuclear power
facility.</text>
</subsection><subsection id="HB60604E70A0345D09EBC0003FB36DCC"><enum>(b)</enum><header>When expenditures
taken into account</header>
<paragraph id="H9324072193F44F309FA9787545A9D9F4"><enum>(1)</enum><header>In
general</header><text>Qualified nuclear power facility expenditures shall be
taken into account for the taxable year in which the qualified nuclear power
facility is placed in service.</text>
</paragraph><paragraph id="HABDAB544357545259C2D078C06072671"><enum>(2)</enum><header>Coordination
with subsection <enum-in-header>(c)</enum-in-header></header><text>The amount
which would (but for this paragraph) be taken into account under paragraph (1)
with respect to any qualified nuclear power facility shall be reduced (but not
below zero) by any amount of qualified nuclear power facility expenditures
taken into account under subsection (c) by the taxpayer or a predecessor of the
taxpayer (or, in the case of a sale and leaseback described in section
50(a)(2)(C), by the lessee), to the extent any amount so taken into account has
not been required to be recaptured under section 50(a).</text>
</paragraph></subsection><subsection id="HDCE6A1C27D0B44A192893E85854499C4"><enum>(c)</enum><header>Progress
expenditures</header>
<paragraph id="H6863E04678BB490A9314BB02F3F18915"><enum>(1)</enum><header>In
general</header><text>A taxpayer may elect to take into account qualified
nuclear power facility expenditures.</text>
<subparagraph id="H81737EB3D13F4D359890525E00489153"><enum>(A)</enum><header>Self-constructed
property</header><text>In the case of a qualified nuclear power facility which
is a self-constructed facility, in the taxable year for which such expenditures
are properly chargeable to capital account with respect to such
facility.</text>
</subparagraph><subparagraph id="H10CF3111958F496E83B91E1BBCBDFB79"><enum>(B)</enum><header>Acquired
facility</header><text>In the case of a qualified nuclear facility which is not
self-constructed property, in the taxable year in which such expenditures are
paid.</text>
</subparagraph></paragraph><paragraph id="HB48A678ECD3E49B79ECFF849BB695646"><enum>(2)</enum><header>Special rules
for applying paragraph (1)</header><text>For purposes of paragraph (1):</text>
<subparagraph id="HEC374CC87A9B4C67B565616E64B351EB"><enum>(A)</enum><header>Component parts,
etc</header><text>Property which is not self-constructed property and which is
to be a component part of, or is otherwise to be included in, any facility to
which this subsection applies shall be taken into account in accordance with
paragraph (1)(B).</text>
</subparagraph><subparagraph id="H4734B5771B524786AEF48B89387CFD2"><enum>(B)</enum><header>Certain borrowing
disregarded</header><text>Any amount borrowed directly or indirectly by the
taxpayer on a nonrecourse basis from the person constructing the facility for
the taxpayer shall not be treated as an amount expended for such
facility.</text>
</subparagraph><subparagraph id="HBA93018F77C24A0B94AB917B95E90969"><enum>(C)</enum><header>Limitation for
facilities or components which are not self-constructed</header>
<clause id="H1383E7B40FE74C72951E7EE87BB3445B"><enum>(i)</enum><header>In
general</header><text>In the case of a facility or a component of a facility
which is not self-constructed, the amount taken into account under paragraph
(1)(B) for any taxable year shall not exceed the amount which represents the
portion of the overall cost to the taxpayer of the facility or component of a
facility which is properly attributable to the portion of the facility or
component which is completed during such taxable year.</text>
</clause><clause id="HBAC020596A8546F39B17871047A2F550"><enum>(ii)</enum><header>Carry-over of
certain amounts</header><text>In the case of a facility or component of a
facility which is not self-constructed, if for the taxable year—</text>
<subclause id="HEBA2676DCEE14BA5A97D0257BF440442"><enum>(I)</enum><text>the amount which
(but for clause (i)) would have been taken into account under paragraph (1)(B)
exceeds the limitation of clause (i), then the amount of such excess shall be
taken into account under paragraph (1)(B) for the succeeding taxable year;
or</text>
</subclause><subclause id="HD2199E42A6EB4B8695B9823C23E768C6"><enum>(II)</enum><text>the limitation of
clause (i) exceeds the amount taken into account under paragraph (1)(B), then
the amount of such excess shall increase the limitation of clause (i) for the
succeeding taxable year.</text>
</subclause></clause></subparagraph><subparagraph id="H61C80125452B47A2BECF1CA694151733"><enum>(D)</enum><header>Determination of
percentage of completion</header><text>The determination under subparagraph
(C)(i) of the portion of the overall cost to the taxpayer of the construction
which is properly attributable to construction completed during any taxable
year shall be made on the basis of engineering or architectural estimates or on
the basis of cost accounting records. Unless the taxpayer establishes otherwise
by clear and convincing evidence, the construction shall be deemed to be
completed not more rapidly than ratably over the normal construction
period.</text>
</subparagraph><subparagraph id="H131F3BC437CE41CCBDB66710915915CF"><enum>(E)</enum><header>No progress
expenditures for certain prior periods</header><text>No qualified nuclear
facility expenditures shall be taken into account under this subsection for any
period before the first day of the first taxable year to which an election
under this subsection applies.</text>
</subparagraph><subparagraph id="HB5A0B7C2BE4A4235B1D5B13C14B01CE"><enum>(F)</enum><header>No progress
expenditures for property for year it is placed in service,
etc</header><text>In the case of any qualified nuclear facility, no qualified
nuclear facility expenditures shall be taken into account under this subsection
for the earlier of—</text>
<clause id="HF42B34A8FA2C464E9CCE91CC29826D21"><enum>(i)</enum><text>the taxable year
in which the facility is placed in service; or</text>
</clause><clause id="H5EE73C759EE64F219B3865961D49B981"><enum>(ii)</enum><text>the first taxable
year for which recapture is required under section 50(a)(2) with respect to
such facility, or for any taxable year thereafter.</text>
</clause></subparagraph></paragraph><paragraph id="HD8EF212749044E62942EF4A66E93522F"><enum>(3)</enum><header>Self-constructed</header><text>For
purposes of this subsection:</text>
<subparagraph id="HD63E903D36F74DB5BED95FB0B3B88605"><enum>(A)</enum><text>The term
<term>self-constructed facility</term> means any facility if it is reasonable
to believe that more than half of the qualified nuclear facility expenditures
for such facility will be made directly by the tax-payer.</text>
</subparagraph><subparagraph id="HC4DDB49EE481486AB4CAF43BB2800823"><enum>(B)</enum><text>A component of a
facility shall be treated as not self-constructed if the cost of the component
is at least 5 percent of the expected cost of the facility and the component is
acquired by the taxpayer.</text>
</subparagraph></paragraph><paragraph id="H6B3BD493C2734C9B9202E993E91FD132"><enum>(4)</enum><header>Election</header><text>An
election shall be made under this section for a qualified nuclear power
facility by claiming the nuclear power facility construction credit for
expenditures described in paragraph (1) on a tax return filed by the due date
for such return (taking into account extensions). Such an election shall apply
to the taxable year for which made and all subsequent taxable years. Such an
election, once made, may be revoked only with the consent of the
Secretary.</text>
</paragraph></subsection><subsection id="H42ED0F0E9F654959948C18C454DC3DCB"><enum>(d)</enum><header>Definitions and
special rules</header><text>For purposes of this section:</text>
<paragraph id="HA96A21335E6E4A08ADADABCE369F1082"><enum>(1)</enum><header>Qualified
nuclear power facility</header><text>The term <term>qualified nuclear power
facility</term> means an advanced nuclear power facility, as defined in section
45J, the construction of which was approved by the Nuclear Regulatory
Commission on or before December 31, 2013.</text>
</paragraph><paragraph id="H9733D656E03F4E6D005EB2BDF3BDD7EE"><enum>(2)</enum><header>Qualified
nuclear power facility expenditures</header>
<subparagraph id="HFFB9FA24C5894C5DA5EACD48F7FE1CB"><enum>(A)</enum><header>In
general</header><text>The term <term>qualified nuclear power facility
expenditures</term> means any amount properly chargeable to capital
account—</text>
<clause id="HCD8FEA26E94640A3B9E3CBED483ECEE"><enum>(i)</enum><text>with respect to a
qualified nuclear power facility;</text>
</clause><clause id="H4E842BFB875D49FDB2C71B3F64ABA5E0"><enum>(ii)</enum><text>for which
depreciation is allowable under section 168; and</text>
</clause><clause id="HD87A7B1DC809406A8806A2E5CEAC3651"><enum>(iii)</enum><text>which are
incurred before the qualified nuclear power facility is placed in service or in
connection with the placement of such facility in service.</text>
</clause></subparagraph><subparagraph id="HB6B7C0DC717342A69865BE22DB5CA1"><enum>(B)</enum><header>Pre-effective date
expenditures</header><text>Qualified nuclear power facility expenditures do not
include any expenditures incurred by the taxpayer before January 1, 2007,
unless such expenditures constitute less than 20 percent of the total qualified
nuclear power facility expenditures (determined without regard to this
subparagraph) for the qualified nuclear power facility.</text>
</subparagraph></paragraph><paragraph id="H21E5105756444B9700C3547E9B733B52"><enum>(3)</enum><header>Delays and
suspension of construction</header>
<subparagraph id="H3C61901D96A84676B8EB419CD3E521DE"><enum>(A)</enum><header>In
general</header><text>For purposes of applying this section and section 50, a
nuclear power facility that is under construction shall cease to be treated as
a facility that will be a qualified nuclear power facility as of the earlier
of—</text>
<clause id="HF9331C1B4BBB42B1B19C31ABAFBC9CA6"><enum>(i)</enum><text>the date on which
the taxpayer decides to terminate construction of the facility; or</text>
</clause><clause id="H30B02C384785428CB5D2E96D6DD3A67C"><enum>(ii)</enum><text>the last day of
any 24-month period in which the taxpayer has failed to incur qualified nuclear
power facility expenditures totaling at least 20 percent of the expected total
cost of the nuclear power facility.</text>
</clause></subparagraph><subparagraph id="H3C5AE797B80743CFBB2FC03F23D0F474"><enum>(B)</enum><header>Authority to
waive</header><text>The Secretary may waive the application of clause (ii) of
subparagraph (A) if the Secretary determines that the taxpayer intended to
continue the construction of the qualified nuclear power facility and the
expenditures were not incurred for reasons outside the control of the
taxpayer.</text>
</subparagraph><subparagraph id="H3EB0119B121240EDB7AD46CAB08BD400"><enum>(C)</enum><header>Resumption of
construction</header><text>If a nuclear power facility that is under
construction ceases to be a qualified nuclear power facility by reason of
paragraph (2) and work is subsequently resumed on the construction of such
facility—</text>
<clause id="HD67C8CABAD9947BEB0D44FB8D93057E1"><enum>(i)</enum><text>the date work is
subsequently resumed shall be treated as the date that construction began for
purposes of paragraph (1); and</text>
</clause><clause id="HB19517A4EF1D4418AB3F9447BB846D"><enum>(ii)</enum><text>if
the facility is a qualified nuclear power facility, the qualified nuclear power
facility expenditures shall be determined without regard to any delay or
temporary termination of construction of the
facility.</text>
</clause></subparagraph></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H4ABBF02D97DD4E8186211B28DEA80077"><enum>(c)</enum><header>Provisions
relating to credit recapture</header>
<paragraph id="H28E4F9BBBB8F48D5996EA146D35722ED"><enum>(1)</enum><header>Progress
expenditure recapture rules</header>
<subparagraph id="H2163803313D14F9794A0FFF796E000D3"><enum>(A)</enum><header>Basic
rules</header><text>Subparagraph (A) of section 50(a)(2) is amended to read as
follows:</text>
<quoted-block id="HD662517C2A314409B7E7B48BCEE5DE" style="OLC">
<subparagraph id="H981834531D0C406EB9CECCE3C9B2C57D"><enum>(A)</enum><header>In
general</header><text>If during any taxable year any building to which section
47(d) applied or any facility to which section 48C(c) applied ceases (by reason
of sale or other disposition, cancellation or abandonment of contract, or
otherwise) to be, with respect to the taxpayer, property which, when placed in
service, will be a qualified rehabilitated building or a qualified nuclear
power facility, then the tax under this chapter for such taxable year shall be
increased by an amount equal to the aggregate decrease in the credits allowed
under section 38 for all prior taxable years which would have resulted solely
from reducing to zero the credit determined under this subpart with respect to
such building or
facility.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="HD4EE2E3DBAAB4045AD9E3070E038C4F4"><enum>(B)</enum><header>Amendment to
excess credit recapture rule</header><text>Subparagraph (B) of section 50(a)(2)
is amended by—</text>
<clause id="HFEEDB1D1010841138ECCD3578E422B38"><enum>(i)</enum><text>inserting
<quote>or paragraph (2) of section 48C(b)</quote> after <quote>paragraph (2) of
section 47(b)</quote>;</text>
</clause><clause id="H836ED97336A744C591CC6DD78305DFAF"><enum>(ii)</enum><text>inserting
<quote>or section 48C(b)(1)</quote> after <quote>section 47(b)(1)</quote>;
and</text>
</clause><clause id="H7AAA89E3C52F4CE9A300520183BD785E"><enum>(iii)</enum><text>inserting
<quote>or facility</quote> after <quote>building</quote>.</text>
</clause></subparagraph><subparagraph id="H5219639DA0E4451F9BE4634EAC41F7E6"><enum>(C)</enum><header>Amendment of
sale and leaseback rule</header><text>Subparagraph (C) of section 50(a)(2) is
amended by—</text>
<clause id="HE46B2FBE3A954C97A1D8669455469717"><enum>(i)</enum><text>inserting
<quote>or section 48C(c)</quote> after <quote>section 47(d)</quote>; and</text>
</clause><clause id="HC3BED03C2D8C4E8F9629CFE366E8E4C1"><enum>(ii)</enum><text>inserting
<quote>or qualified nuclear power facility expenditures</quote> after
<quote>qualified rehabilitation expenditures</quote>.</text>
</clause></subparagraph><subparagraph id="HDCBE9140523E4FFAB602E07F9BA9C644"><enum>(D)</enum><header>Other
amendment</header><text>Subparagraph (D) of section 50(a)(2) is amended by
inserting <quote>or section 48C(c)</quote> after <quote>section
47(d)</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="H71C45F294977450C9E00F24584C88146"><enum>(d)</enum><header>No basis
adjustment</header><text>Section 50(c) is amended by inserting at the end
thereof the following new paragraph:</text>
<quoted-block id="H72C854F7E14F4DB4BD626200000870F9" style="OLC">
<paragraph id="H5B0C1D852333482AB8004EAA84FD00B0"><enum>(6)</enum><header>Nuclear power
facility construction credit</header><text>Paragraphs (1) and (2) shall not
apply to the nuclear power facility construction
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HE3144EF0752E4C7C947F578DF3C8976B"><enum>(e)</enum><header>Technical
amendments</header><text>The table of sections for subpart E of part IV of
subchapter A of chapter 1 is amended by inserting after the line for section
48B the following new line:</text>
<quoted-block display-inline="no-display-inline" id="HD0501E2146E745308800FC3F95E7243B" style="OLC">
<toc regeneration="no-regeneration">
<toc-entry level="section">Sec. 48C. Nuclear power facility
construction
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H570B8F31E4E24B7CA1495DF92920B42C"><enum>(f)</enum><header>Effective
date</header><text>The amendments made by this section shall be effective for
expenditures incurred and property placed in service in taxable years beginning
after the date of enactment.</text>
</subsection></section><section id="H581EA0836ACB49A990CF00F403AF1032"><enum>308.</enum><header>National
Nuclear Energy Council</header>
<subsection id="H4D102069793149B69C1ED12FE8F961EC"><enum>(a)</enum><header>In
general</header>
<paragraph id="H8D6558C5238C419B865DCABF4211CF00"><enum>(1)</enum><text>The Secretary of
Energy shall establish a National Nuclear Energy Council (hereinafter the
<quote>Council</quote>).</text>
</paragraph><paragraph id="H3B225EAB6D0646A5B1F5CA57DD24CB89"><enum>(2)</enum><text>The National
Nuclear Energy Council shall be subject to the requirements of the Federal
Advisory Committee Act (5 U.S.C. Appendix 2).</text>
</paragraph></subsection><subsection id="H5987C9468BBC4C5B820052F677A69B9"><enum>(b)</enum><header>Purpose</header><text>The
National Nuclear Energy Council shall—</text>
<paragraph id="H7874D4D86E4B441486DC582FCAF6B21"><enum>(1)</enum><text>serve in an
advisory capacity to the Secretary of Energy regarding nuclear energy on
matters submitted to the Council by the Secretary of Energy; and</text>
</paragraph><paragraph id="HC164C6BF58554D80ABFC6FBA8F49B095"><enum>(2)</enum><text>advise, inform,
and make recommendations to the Secretary of Energy, and represent the views of
the nuclear energy industry with respect to any matter relating to nuclear
energy.</text>
</paragraph></subsection><subsection id="H471954737D534620840773C90185F3D"><enum>(c)</enum><header>Membership and
organization</header>
<paragraph id="H132CA56166E3498A0077F21B151CCEC1"><enum>(1)</enum><text>The members of the
Council shall be appointed by the Secretary of Energy.</text>
</paragraph><paragraph id="HA3700AE9378C4ECEBF6B9D8FF06E8549"><enum>(2)</enum><text>The Council may
establish such study and administrative committees as it may deem appropriate.
Study committees shall only assist the Council in preparing its advice,
information, or recommendations to the Secretary of Energy. Administrative
committees shall be formed solely for the purpose of assisting the Council or
its Chairman in the management of the internal affairs of the Council.</text>
</paragraph><paragraph id="H364FD86EBCC74FC600E9F1006200A555"><enum>(3)</enum><text>The officers of
the Council shall consist of a Chairman, a Vice Chairman, and such other
officers as may be approved by the Council. The Chairman and Vice Chairman must
be members of the Council and shall receive no compensation for service as
officers of the Council.</text>
</paragraph><paragraph id="HBFDDC71EBD01447A83E4466D868D9DDF"><enum>(4)</enum><text>The Secretary of
Energy shall be Cochairman of the Council. If the Secretary of Energy
designates a full-time, salaried official of the Department of Energy as his
alternate, such alternate may exercise any duties of the Secretary of Energy
and may perform any function on the Council otherwise reserved for the
Secretary of Energy.</text>
</paragraph><paragraph id="HA6B6E5BAFBA8493889CE8B482609C12D"><enum>(5)</enum><text>The Chairman and
the Vice Chairman shall be elected by the Council at its organizational meeting
to serve until their successors are elected at the next organizational meeting
of the Council.</text>
</paragraph></subsection><subsection id="H45622F2CB52C4296914855159657EB47"><enum>(d)</enum><header>Meetings</header>
<paragraph id="H9992FFD2AB83402496C4F81C0774850"><enum>(1)</enum><text>Regular meetings of
the Council shall be held at least twice each year at times determined by the
Chairman and approved by the Government Cochairman.</text>
</paragraph><paragraph id="H64E9622DDBEA486CAC64E5B242E000F2"><enum>(2)</enum><text>No meeting of the
Council shall be held unless the Government Cochairman approves the agenda
thereof, approves the calling thereof, and is present thereat.</text>
</paragraph><paragraph id="HFBB50DD1BF6E4620A8B686746BD785BE"><enum>(3)</enum><text>The time and place
of all Council meetings shall be given general publicity and such meetings
shall be open to the public.</text>
</paragraph></subsection><subsection id="HA2CAF57E92164241B2BF9EE4F94D6269"><enum>(e)</enum><header>Studies by the
council</header>
<paragraph id="H7A5E72D1482A4BECACD0D0207184A55F"><enum>(1)</enum><text>The Council may
establish study committees to prepare reports for the consideration of the
Council pursuant to requests from the Secretary of Energy for advice,
information, and recommendations.</text>
</paragraph><paragraph id="H5A6B00AE13844E149DBBC1F7E293EE1E"><enum>(2)</enum><text>The Secretary of
Energy or a full-time employee of the Department of Energy designated by the
Secretary shall be the Cochairman of each study committee.</text>
</paragraph><paragraph id="HC19C2AAD367446DBA0B8B4ED0084DF2C"><enum>(3)</enum><text>The members of
study committees shall be selected from the Council membership on the basis of
their training, experience, and general qualifications to deal with the matters
assigned.</text>
</paragraph></subsection></section><section id="HB988EFFB38B34B07A2A7F4EAE610E7ED"><enum>309.</enum><header>Temporary spent
nuclear fuel storage agreements</header>
<subsection id="H69048601EADE43DD9D1BF57D62BEBC"><enum>(a)</enum><header>Authorization and
location</header><text>The Secretary of Energy (Secretary) is authorized to
initiate spent nuclear fuel storage agreements as provided herein.</text>
<paragraph id="H5DE67841F23D4D22A232C3D000906049"><enum>(1)</enum><text>No later than 180
days from the date of enactment of this Act, representatives of a community may
submit written notice to the Secretary that the community is willing to host a
temporary spent nuclear fuel storage facility within its jurisdiction.</text>
</paragraph><paragraph id="H7983B29793734109A9A0615C540C0F4"><enum>(2)</enum><text>Within 90 days of
the receipt of the notification under subsection (a)(1), the Secretary shall
determine whether the identified site is suitable for a temporary storage
facility. In determining the site’s suitability, the Secretary will evaluate
technical feasibility and consider favorably local support for collocating a
temporary spent nuclear fuel storage facility with facilities in-tended to
develop and implement advanced nuclear fuel cycle technologies.</text>
</paragraph></subsection><subsection id="HE0FA9F223C9345E6BDAD4D978614FD55"><enum>(b)</enum><header>Content of
agreements</header><text>If the Secretary determines one or more sites to be
suitable in accordance with subsection (a)(2), negotiation of a temporary spent
nuclear fuel storage facility agreement shall proceed.</text>
<paragraph id="H85FADE3D09524184ACF1DB632E466DD"><enum>(1)</enum><text>Any temporary spent
nuclear fuel storage agreement shall contain such terms and conditions,
including financial, institutional and such other arrangements as the Secretary
and community determine to be reasonable and appropriate.</text>
</paragraph><paragraph id="H99298B37589B4A4FB43EC63494F9EC8D"><enum>(2)</enum><text>Any temporary
spent nuclear fuel storage agreement may be amended only with the mutual
consent of the parties to the agreement.</text>
</paragraph></subsection><subsection id="H7299AC1F24444E56A39CD453D1163286"><enum>(c)</enum><header>Environmental
impact statement</header><text>Execution of a temporary spent nuclear fuel
storage agreement shall not require preparation of an environmental impact
statement under section 102(2)(C) of the National Environmental Policy Act of
1969 (<external-xref legal-doc="usc" parsable-cite="usc/42/4332">42 U.S.C. 4332(2)(C)</external-xref>) or require any environmental review under
subparagraph (E) or (F) of section 102(2) of such Act (<external-xref legal-doc="usc" parsable-cite="usc/42/4332">42 U.S.C. 4332(2)(E)</external-xref>,
(F)).</text>
</subsection></section><section id="HD599AE9A36984F0CAFED61C6C3EC7D"><enum>310.</enum><header>Implementation of
temporary spent nuclear fuel storage agreements</header>
<subsection id="H17CA2605E23E4AB08C092FAC03100591"><enum>(a)</enum><header>In
general</header><text>Any temporary spent nuclear fuel storage agreement or
agreements entered into under section 1 shall enter into force with respect to
the United States if (and only if)—</text>
<paragraph id="HDBE31519DF664670BD4D5FF8A7DEEEE5"><enum>(1)</enum><text>the Secretary, at
least 60 days before the day on which he or she enters into the temporary spent
nuclear fuel storage agreement or agreements notifies the House of
Representatives and the Senate of his intention to enter into the agreement or
agreements, and promptly thereafter publishes notice of such intention in the
Federal Register;</text>
</paragraph><paragraph id="HF5E791CC2013433C86C02F3D88EFB000"><enum>(2)</enum><text>the Governor of
the State or States in which the facility is proposed to be located submits
written notice to the Secretary that the Governor supports the temporary spent
nuclear fuel storage agreement; and</text>
</paragraph><paragraph id="H7A0F1E135BA341209FE9B4361F684425"><enum>(3)</enum><text>after entering
into the agreement, the Secretary submits to the House of Representatives and
to the Senate a copy of the final text of the agreement, together with—</text>
<subparagraph id="HF0D9B11AEDE14CC600B2E257006BCFA4"><enum>(A)</enum><text>a draft of an
implementing bill; and</text>
</subparagraph><subparagraph id="H80F36D30C05D45A5A9EFF9F2606DBBE3"><enum>(B)</enum><text>a statement of any
administrative action proposed to implement the agreement.</text>
</subparagraph></paragraph></subsection><subsection id="H9ACCCA6581DE44D8B2886CA3A09FE27"><enum>(b)</enum><header>Application of
expedited procedures to implementing bills</header><text>The provisions of
section 3 apply to implementing bills submitted with respect to temporary spent
nuclear fuel storage agreements entered into and submitted pursuant to section
2.</text>
</subsection></section><section id="H8EA8597A5EF54A7BAA37345100EABC9F"><enum>311.</enum><header>Expedited
procedures for congressional review of temporary spent nuclear fuel storage
agreements</header>
<subsection id="H8FC5C6AEE8F54F86BD27E07432A5A4BE"><enum>(a)</enum><header>Rules of house
of representative and senate</header><text>The provisions of this subsection
are enacted by the Congress—</text>
<paragraph id="H82183D3A114940C28F082D3EAA96C8C6"><enum>(1)</enum><text>as an exercise of
the rulemaking power of the House of Representatives and the Senate,
respectively, and as such they are deemed a part of the rules of each House,
respectively, but applicable only with respect to the procedure to be followed
in that House in the case of implementing bills de-scribed in subsection (b)(2)
of this section and approval resolutions described in subsection (b)(3) of this
section; and they supersede other rules only to the extent that they are
inconsistent therewith; and</text>
</paragraph><paragraph id="H8ED7DB51B9ED47E0A8B67688F85462F8"><enum>(2)</enum><text>with full
recognition of the constitutional right of either House to change the rules (so
far as relating to the procedure of that House) at any time, in the same manner
and to the same extent as in the case of any other rule of that House.</text>
</paragraph></subsection><subsection id="HAB57B78DFD3B40DAB5BB6F05323B58BE"><enum>(b)</enum><header>Definitions</header><text>For
purposes of this section—</text>
<paragraph id="H5788949E3CF343D796985568D9B9E651"><enum>(1)</enum><text>The term
<term>community</term> means any entity of local government appropriate, in
terms of legal authority, for negotiating and entering into temporary spent
nuclear fuel storage agreements provided for in section 1.</text>
</paragraph><paragraph id="H9D94EA7C4D9D4C749B44D4650134682"><enum>(2)</enum><text>The term
<term>implementing bill</term> means only a bill of either House of Congress
which is introduced as provided in subsection (c) of this section with respect
to one or more temporary spent nuclear fuel storage agreements and which
contain—</text>
<subparagraph id="H5109B9705EC64AFC8E97CC251E5C4F97"><enum>(A)</enum><text>a provision
approving such storage agreements;</text>
</subparagraph><subparagraph id="HE8C49F13F15542578C7F741E4960A1F2"><enum>(B)</enum><text>a provision
approving the statement of administrative action (if any) proposed to implement
such storage agreements;</text>
</subparagraph><subparagraph id="HF78D68589DD8453888E97BA878C1E3C5"><enum>(C)</enum><text>if changes in
existing laws or new statutory authority is required to implement such storage
agreement or agreements, provisions necessary or appropriate to implement such
agreement or agreements either repealing or amending existing laws or providing
new statutory authority; and</text>
</subparagraph><subparagraph id="H9A6C55C566AB449B9BFFA200BC787FB1"><enum>(D)</enum><text>a provision
containing revenue measures (if any), by reason of which the bill must
originate in the House of Representatives as provided for in subsection
(c).</text>
</subparagraph></paragraph><paragraph id="H61D5BD4A669D44F2A13FB7CB16C67BFB"><enum>(3)</enum><text>The term
<term>approval resolution</term> means only a joint resolution of the two
Houses of the Congress, the matter after the resolving clause of which is as
follows: <quote>That the Congress approves the temporary spent nuclear fuel
storage agreement between the Secretary of Energy and _________ on
______,</quote> the first blank space being filled with the name of the
governor involved and the second blank space being filled in with the
appropriate date.</text>
</paragraph></subsection><subsection id="H60A3EBA032C94396971E00B86BAE5DD2"><enum>(c)</enum><header>Introduction and
referral</header><text>On the day on which the temporary spent nuclear fuel
storage agreement is submitted to the House of Representatives and the Senate
under this title, the implementing bill submitted by the Secretary with respect
to such temporary spent nuclear fuel storage agreement shall be introduced (by
request) in the House by the majority leader of the House, for himself and the
minority leader of the House, or by Members of the House designated by the
majority leader and minority leader of the House; and shall be introduced (by
request) in the Senate by the majority leader of the Senate, for himself and
the minority leader of the Senate, or by Members of the Senate designated by
the majority leader and minority leader of the Senate. If either House is not
in session on the day on which such temporary spent nuclear fuel storage
agreement is submitted, the implementing bill shall be introduced in that
House, as provided in the preceding sentence, on the first day thereafter on
which that House is in session. Such bills shall be referred by the Presiding
Officers of the respective Houses to the appropriate committee, or, in the case
of a bill containing provisions within the jurisdiction of two or more
committees, jointly to such committees for consideration of those provisions
within their respective jurisdictions.</text>
</subsection><subsection id="H51A9F7D683054ACE91D0FFF56266A9A4"><enum>(d)</enum><header>Amendments
prohibited</header><text>No amendment to an implementing bill or approval
resolution shall be in order in either the House of Representatives or the
Senate; and no motion to suspend the application of this subsection shall be in
order in either House, nor shall it be in order in either House for the
Presiding Officer to entertain a request to suspend the application of this
subsection by unanimous consent.</text>
</subsection><subsection id="H3B2C5A7B11B84B619D514FEF92829F4D"><enum>(e)</enum><header>Period for
committee and floor consideration</header>
<paragraph id="H76B65AACC4784226B8E6DE3F4E1DD5BE"><enum>(1)</enum><text>Except as provided
in subsection (e)(2), if the committee or committees of either House to which
an implementing bill or approval resolution has been referred have not reported
it at the close of the 45th day after its introduction, such committee or
committees shall be automatically discharged from further consideration of the
bill or resolution and it shall be placed on the appropriate calendar. A vote
on final passage of the bill or resolution shall be taken in each House on or
before the close of the 15th day after the bill or resolution is reported by
the committee or committees of that House to which it was referred, or after
such committee or committees have been discharged from further consideration of
the bill or resolution. If prior to the passage by one House of an implementing
bill or approval resolution of that House, that House receives the same
implementing bill or approval resolution from the other House, then—</text>
<subparagraph id="H84119DD4E991417B90A43DDA6DD4568B"><enum>(A)</enum><text>the procedure in
that House shall be the same as if no implementation bill or approval
resolution had been received from the other House; but</text>
</subparagraph><subparagraph id="H46ED6B0C46F34E87835D808BDB70D089"><enum>(B)</enum><text>the vote on final
passage shall be on the implementing bill or approval resolution of the other
House.</text>
</subparagraph></paragraph><paragraph id="H0492E30DEA774A6A83B6B2844FCD5522"><enum>(2)</enum><text>For purposes of
computing a number of days in either House as provided for in subsection
(e)(1), there shall be excluded any day on which that House is not in
session.</text>
</paragraph><paragraph id="H5ED3E3D18AB44827A6AE12A095A71429"><enum>(3)</enum><text>If the
implementing bill contains one or more revenue measures—</text>
<subparagraph id="H01E07F24A3914490B7EFD334BAAF20B9"><enum>(A)</enum><text>the provisions of
subsection (e)(1) shall not apply; and</text>
</subparagraph><subparagraph id="HCA6E06FE82CB4C43BB097135B97F197B"><enum>(B)</enum><text>the Senate shall
not take final action on the bill until it is received from the House.</text>
</subparagraph></paragraph></subsection><subsection id="H2D5E07507E0D4CCB8124B2BDF314904B"><enum>(f)</enum><header>Floor
consideration in the house</header>
<paragraph id="H09C8DE7CA4514011BD336266A7EDA750"><enum>(1)</enum><text>A
motion in the House of Representatives to proceed to the consideration of an
implementing bill or approval resolution shall be highly privileged and not
debatable. An amendment to the motion shall not be in order, nor shall it be in
order to move to reconsider the vote by which the motion is agreed to or
disagreed to.</text>
</paragraph><paragraph id="H4BE668D75A54420E9292006C627EA8E3"><enum>(2)</enum><text>Debate in the
House of Representatives on an implementing bill or approval resolution shall
be limited to not more than 10 hours, which shall be divided equally between
those favoring and those opposing the bill or resolution. A motion further to
limit debate shall not be debatable. It shall not be in order to move to
recommit an implementing bill or approval resolution or to move to reconsider
the vote by which an implementing bill or approval resolution is agreed to or
disagreed to.</text>
</paragraph><paragraph id="H6126A8D726FC454B818CD9323BA32056"><enum>(3)</enum><text>Motions to
postpone, made in the House of Representatives with respect to the
consideration of an implementing bill or approval resolution, and motions to
proceed to the consideration of other business, shall be decided without
debate. If a motion to proceed to consideration is agreed to, such resolution
shall remain unfinished business of House until disposed of.</text>
</paragraph><paragraph id="H06AA0A14D3644294B895785EC9DC8D8B"><enum>(4)</enum><text>All appeals from
the decisions of the Chair relating to the application of the Rules of the
House of Representatives to the procedure relating to an implementing bill or
approval resolution shall be decided without debate.</text>
</paragraph><paragraph id="HC271A99A348949DE9DE1CD40871DFD25"><enum>(5)</enum><text>Except to the
extent specifically provided in the preceding provisions of this subsection,
consideration of an implementing bill or approval resolution shall be governed
by the Rules of the House of Representatives applicable to other bills and
resolutions in similar circumstances.</text>
</paragraph></subsection><subsection id="H84A97F594280437AB51FD5F402D02D64"><enum>(g)</enum><header>Floor
consideration in the senate</header>
<paragraph id="H0C58A857BD7C4230BEDDFCE0FE2ECEEA"><enum>(1)</enum><text>A
motion in the Senate to proceed to the consideration of an implementing bill or
approval resolution shall be privileged and not debatable. An amendment to the
motion shall not be in order, nor shall it be in order to move to reconsider
the vote by which the motion is agreed to or disagreed to.</text>
</paragraph><paragraph id="HEA2161755796453B00DD39B81F2B6D98"><enum>(2)</enum><text>Debate in the
Senate on an implementing bill or approval resolution, and all debatable
motions and appeals in connection therewith, shall be limited to not more than
10 hours. The time shall be equally divided between, and controlled by, the
majority leader and the minority leader or their designees.</text>
</paragraph><paragraph id="HCD8B0B70B5AD4A18B9F36768FE19AFC5"><enum>(3)</enum><text>Debate in the
Senate on any debatable motion or appeal in connection with an implementing
bill or approval resolution shall be limited to not more than 1 hour, to be
equally divided between, and controlled by, the mover and the manager of the
bill or resolution, except that in the event the manager of the bill or
resolution is in favor of any such motion or appeal, the time in opposition
thereto shall be controlled by the minority leader or his designee. Such
leaders, or either of them, may, from time under their control on the passage
of an implementing bill or approval resolution, allot additional time to any
Senator during the consideration of any debatable motion or appeal.</text>
</paragraph><paragraph id="H914573E6472948FD8BF2336C56D03731"><enum>(4)</enum><text>A
motion in the Senate to further limit debate is not debatable. A motion to
recommit an implementation bill or approval resolution is not in order.</text>
</paragraph></subsection></section><section id="H677080F8E2A84F2CA0003C28287F4F10"><enum>312.</enum><header>Contracting and
Nuclear Waste Fund</header><text display-inline="no-display-inline">Section 302
of the Nuclear Waste Policy Act of 1982 (<external-xref legal-doc="usc" parsable-cite="usc/42/10222">42 U.S.C. 10222</external-xref>) is amended—</text>
<paragraph id="HCE57825636784A88A75F29E29074C482"><enum>(1)</enum><text display-inline="yes-display-inline">in subsection (a)(1), by adding at the end
the following:</text>
<quoted-block display-inline="yes-display-inline" id="H9AEA1585525D4B4B8200EDFD5EBF0863" style="OLC">
<text>For any civilian nuclear power
reactor a license application for which is filed with the Commission, pursuant
to its authority under section 103 or 104 of the Atomic Energy Act of 1954,
after the date of enactment of this Act, contracts entered into under this
section shall—</text><subparagraph id="H5D5CBB60BF154FA99876005DC6A656A5"><enum>(A)</enum><text>except as provided
in subsections 302(a)(1)(B), (C), (D), and (E), below, be generally consistent
with the terms and conditions of the <quote>Standard Contract for Disposal of
Spent Nuclear Fuel and/or High-Level Radioactive Waste,</quote> as codified at
10 C.F.R. Part 961 and in effect on January 1, 2007;</text>
</subparagraph><subparagraph id="H2AD572086219442DBDDA5E72C7C670F2"><enum>(B)</enum><text>provide for the
taking of title to, and for the Secretary to dispose of, the high-level waste
or spent nuclear fuel involved beginning no later than 15 years following the
start of commercial operation;</text>
</subparagraph><subparagraph id="HED6AE0D01A8244FBA882D29EC1B43D09"><enum>(C)</enum><text>contain no
provisions providing for adjustment of the 1.0 mil per kilowatt-hour fee
established by paragraph (2);</text>
</subparagraph><subparagraph id="H5037E0A8B8EB4816BEF417277E9549C9"><enum>(D)</enum><text>be entered into no
later than 60 days following the docketing of the license application by the
Commission, or the date of enactment of this Act, whichever is later;
and</text>
</subparagraph><subparagraph id="H59AEA7B5479C4041A1FAD7FE871C2E27"><enum>(E)</enum><text>provide that, on a
schedule consistent with the Secretary’s acceptance of spent nuclear fuel from
each civilian nuclear power reactor or site, and completed not later than the
Secretary’s completing the acceptance of all spent nuclear fuel from that
commercial nuclear power reactor or site, the Secretary shall accept from each
such reactor or site, all low-level radioactive waste defined in section
3(b)(1)(D) of the Low-level Radioactive Waste Policy Act, as amended, 42 U.S.C.
2021c(b)(1)(D).</text>
</subparagraph><after-quoted-block>;
and</after-quoted-block></quoted-block>
</paragraph><paragraph id="H9F29344347E44898A9FEEAA7FF83F71"><enum>(2)</enum><text>in
subsection (a)(4), by striking all after <quote>herein.</quote> in the second
sentence;</text>
</paragraph><paragraph id="HF1D700BEF3124CC8B7D33FAADB10FADE"><enum>(3)</enum><text>in subsection
(a)(6), by adding at the end the following: <quote>Further, the Secretary shall
offer to settle any actions pending on the date of enactment of this Act for
damages resulting from failure to commence accepting spent nuclear fuel or
high-level radioactive waste on or before January 31, 1998. Each offer to
settle shall provide for the payment of $150 to the other party to a contract
for disposal of spent nuclear fuel and high-level radioactive waste for each
kilogram of spent nuclear fuel which such party was or shall be entitled to
deliver to the Department in a particular year, based on the following
aggregate acceptance rates: 400 MTU for 1998; 600 MTU for 1999; 1,200 MTU for
2000; 2,000 MTU for 2001; and 3,000 MTU for 2002 and thereafter; provided that
the Secretary shall adjust the payment amount per kilogram of spent nuclear
fuel under this subsection (a)(6) annually according to the most recent
Producer Price Index published by the Department of Labor. Such aggregate
acceptance rates shall be allocated among parties to contracts with the United
States based upon the age of spent nuclear fuel, as measured by the date of the
discharge of such spent nuclear fuel from the civilian nuclear power reactor.
Such offer to settle also shall include an annual payment to be determined by
the Secretary to any such party where a civilian nuclear power reactor has been
decommissioned, except for those portions of the facility that cannot be
decommissioned until removal of spent nuclear fuel and high-level radioactive
waste. The Secretary also shall offer like compensation to parties to contracts
entered into pursuant to section 302 of the Nuclear Waste Policy Act of 1982
(<external-xref legal-doc="usc" parsable-cite="usc/42/10222">42 U.S.C. 10222</external-xref>) who brought actions for damages prior to the date of
enactment of this Act, but which were no longer pending as of said date,
provided that such compensation shall be reduced by the amount of any
settlement or judgment received by such party.</quote>; and</text>
</paragraph><paragraph id="H3B7478810399464AA4789B46A7A48F74"><enum>(4)</enum><text display-inline="yes-display-inline">in subsection (d), by adding at the end the
following: <quote>No amount may be expended by the Secretary from the Waste
Fund to carry out research and development activities on advanced nuclear fuel
cycle technologies.</quote>.</text>
</paragraph></section><section id="H61A05A38E27B4AEC88B1CFF2A37F00E5"><enum>313.</enum><header>Confidence in
availability of waste disposal</header>
<subsection id="HA1C2B241E524469CA818DEDE29000514"><enum>(a)</enum><header>Congressional
determination</header><text>The Congress finds that—</text>
<paragraph id="HD0757F545BA14971B5C77BE856AB0066"><enum>(1)</enum><text>there is
reasonable assurance that high-level radioactive waste and spent nuclear fuel
generated in reactors licensed by the Nuclear Regulatory Commission in the
past, currently, or in the future will be managed in a safe manner without
significant environmental impact until capacity for ultimate disposal is
available; and</text>
</paragraph><paragraph id="H21A21B1E6CF9451988E4D32B600DC9D"><enum>(2)</enum><text>the Federal
Government is responsible and has established a policy for the ultimate safe
and environmentally sound disposal of such high-level radioactive waste and
spent nuclear fuel.</text>
</paragraph></subsection><subsection id="H6547C04773E64A94983FF730D280EB2D"><enum>(b)</enum><header>Regulatory
consideration</header><text>Notwithstanding any other provision of law, for the
period following the licensed operation of a civilian nuclear power reactor or
any facility for the treatment or storage of spent nuclear fuel or high-level
radioactive waste, no consideration of the public health and safety, common
defense and security, or environmental impacts of the storage of high-level
radioactive waste and spent nuclear fuel generate d in reactors licensed by the
Nuclear Regulatory Commission in the past, currently, or in the future, is
required by the Department of Energy or the Nuclear Regulatory Commission in
connection with the development, construction, and operation of, or any permit,
license, license amendment, or siting approval for, a civilian nuclear power
reactor or any facility for the treatment or storage of spent nuclear fuel or
high-level radioactive waste. Nothing in this section shall affect the
Department of Energy’s and Nuclear Regulatory Commission’s obligation to
consider the public health and safety, common defense and security, and
environmental impacts of storage during the period of licensed operation of a
civilian nuclear power reactor or facility for the treatment or storage of
spent nuclear fuel or high-level radioactive waste.</text>
</subsection></section><enum>IV</enum><header>AMENDMENTS TO THE
INTERNAL REVENUE CODE OF 1986</header>
<section id="H5217A4D3DD8042FF803636C8006E00AC"><enum>401.</enum><header>Credit for
investment in coal-to-liquid fuels projects</header>
<subsection id="H63B589425FB8498882C8CBB0CBE4BAAB"><enum>(a)</enum><header>In
general</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/46">Section 46</external-xref> of the Internal Revenue Code of 1986 (relating
to amount of credit) is amended by striking <quote>and</quote> at the end of
paragraph (3), by striking the period at the end of paragraph (4) and inserting
<quote>, and</quote>, and by adding at the end the following new
paragraph:</text>
<quoted-block id="HAC48D979B959483A006F4CC5747273CF">
<paragraph id="H1D993286C90946CCB806888F3B8C8E8B"><enum>(5)</enum><text>the qualifying
coal-to-liquid fuels project
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H58DA6AB542584EA787BC3835E0D2D787"><enum>(b)</enum><header>Amount of
credit</header><text>Subpart E of part IV of subchapter A of chapter 1 of the
Internal Revenue Code of 1986 (relating to rules for computing investment
credit) is amended by inserting after section 48B the following new
section:</text>
<quoted-block display-inline="no-display-inline" id="H48C269E1E2B74777ACC53BECE120AA8E" style="OLC">
<section id="H2E581A91D2AB4CE485E851CEC550B1F2"><enum>48C.</enum><header>Qualifying
coal-to-liquid fuels project credit</header>
<subsection id="HF322F5570CBB49BAAC8F83004B5E73F9"><enum>(a)</enum><header>In
general</header><text>For purposes of section 46, the qualifying coal-to-liquid
fuels project credit for any taxable year is an amount equal to 20 percent of
the qualified investment for such taxable year.</text>
</subsection><subsection id="HD5676A584568416484E2071438479E"><enum>(b)</enum><header>Qualified
investment</header>
<paragraph id="HC26F4503960D40E286D8C262D1C19117"><enum>(1)</enum><header>In
general</header><text>For purposes of subsection (a), the qualified investment
for any taxable year is the basis of property placed in service by the taxpayer
during such taxable year which is part of a qualifying coal-to-liquid fuels
project—</text>
<subparagraph id="H42868BD435094FA797C021F0E4576B58"><enum>(A)</enum><clause commented="no" display-inline="yes-display-inline" id="HB29F6775F6E34278009CD2BF8FF83383"><enum>(i)</enum><text>the construction,
reconstruction, or erection of which is completed by the taxpayer, or</text>
</clause><clause id="HE020A956B6DE4D8B9749892C00BE9217" indent="up1"><enum>(ii)</enum><text>which is acquired by the taxpayer
if the original use of such property commences with the taxpayer, and</text>
</clause></subparagraph><subparagraph id="H22FF3CE028FB4C55A45DD67F6232152D"><enum>(B)</enum><text>with respect to
which depreciation (or amortization in lieu of depreciation) is
allowable.</text>
</subparagraph></paragraph><paragraph id="HCD22798726FF4418AD7D85CDE7DC46B5"><enum>(2)</enum><header>Applicable
rules</header><text>For purposes of this section, rules similar to the rules of
subsection (a)(4) and (b) of section 48 shall apply.</text>
</paragraph></subsection><subsection id="HFA63DC68DA614FF0BE06EC062B42A1A2"><enum>(c)</enum><header>Definitions</header><text>For
purposes of this section—</text>
<paragraph id="H6AE7B84F7CE8463D9B34FFCCA1CB66D5"><enum>(1)</enum><header>Qualifying
coal-to-liquid fuels project</header><text>The term <term>qualifying
coal-to-liquid fuels project</term> means any domestic project which—</text>
<subparagraph id="HC288BE47F9894EE58E24973F485C1454"><enum>(A)</enum><text display-inline="yes-display-inline">employs either the class of reactions known
as Fischer-Tropsch or the Schobert process to produce at least 10,000 barrels
per day of transportation grade liquid fuels from a feedstock that is primarily
domestic coal (including any property which allows for the capture,
transportation, or sequestration of by-products resulting from such process,
including carbon emissions), and</text>
</subparagraph><subparagraph id="H5C9465589A4048F48B3131CA6290638E"><enum>(B)</enum><text>any portion of the
qualified investment in which is certified under the qualifying coal-to-liquid
program as eligible for credit under this section in an amount (not to exceed
$200,000,000) determined by the Secretary.</text>
</subparagraph></paragraph><paragraph id="HA2452B0EF5574FCD8593B6B7B13227A3"><enum>(2)</enum><header>Coal</header><text>The
term <term>coal</term> means any carbonized or semicarbonized matter, including
peat.</text>
</paragraph></subsection><subsection id="HED9D77BD5D0F4AA0A95431B2CB38DAC0"><enum>(d)</enum><header>Qualifying
coal-to-liquid fuels project program</header>
<paragraph id="H33B5CA0BDC54421C983204E23209EE34"><enum>(1)</enum><header>In
general</header><text>The Secretary, in consultation with the Secretary of
Energy, shall establish a qualifying coal-to-liquid fuels project program to
consider and award certifications for qualified investment eligible for credits
under this section to 10 qualifying coal-to-liquid fuels project sponsors under
this section. The total qualified investment which may be awarded eligibility
for credit under the program shall not exceed $2,000,000,000.</text>
</paragraph><paragraph id="HF72F6FCBDD5241E093E1B21B21065B8F"><enum>(2)</enum><header>Period of
issuance</header><text>A certificate of eligibility under paragraph (1) may be
issued only during the 10-fiscal year period beginning on October 1,
2007.</text>
</paragraph><paragraph id="H43C5DF9312E14F2A004D96D287C828ED"><enum>(3)</enum><header>Selection
criteria</header><text>The Secretary shall not make a competitive certification
award for qualified investment for credit eligibility under this section unless
the recipient has documented to the satisfaction of the Secretary that—</text>
<subparagraph id="H2C061198E1664F0D9E6F36540085CDFA"><enum>(A)</enum><text>the proposal of
the award recipient is financially viable,</text>
</subparagraph><subparagraph id="H21FE96E9BB044F3AB89086DA8FE6FC19"><enum>(B)</enum><text>the recipient will
provide sufficient information to the Secretary for the Secretary to ensure
that the qualified investment is spent efficiently and effectively,</text>
</subparagraph><subparagraph id="HE19081B13E984F648BD3C6287D8B36EA"><enum>(C)</enum><text>the fuels
identified with respect to the gasification technology for such project will
comprise at least 90 percent of the fuels required by the project for the
production of transportation grade liquid fuels,</text>
</subparagraph><subparagraph id="H135E2C1CFF9F41BFBEFDF9D31427FAE1"><enum>(D)</enum><text display-inline="yes-display-inline">the award recipient’s project team is
competent in the planning and construction of coal gasification facilities and
familiar with operation of either the Fischer-Tropsch process or the Schobert
process, with preference given to those recipients with experience which
demonstrates successful and reliable operations of such process, and</text>
</subparagraph><subparagraph id="HEBBAA1B40920419680B308B978B3C275"><enum>(E)</enum><text>the award
recipient has met other criteria established and published by the
Secretary.</text>
</subparagraph></paragraph></subsection><subsection id="HE2BA9D6909BD4281BFB687C99BC91352"><enum>(e)</enum><header>Denial of double
benefit</header><text>No deduction or other credit shall be allowed with
respect to the basis of any property taken into account in determining the
credit allowed under this
section.</text>
</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H8AA29E3FC99D4E939CBAF277756F60D3"><enum>(c)</enum><header>Conforming
amendments</header>
<paragraph id="H46ADC14F66A64FC088C64BB109441870"><enum>(1)</enum><text>Section
49(a)(1)(C) of the Internal Revenue Code of 1986 is amended by striking
<quote>and</quote> at the end of clause (iii), by striking the period at the
end of clause (iv) and inserting <quote>, and</quote>, and by adding after
clause (iv) the following new clause:</text>
<quoted-block id="HA1044CAA3CD94C0F9D75BC12C629CB10">
<clause id="H5CFD75E56B86452DA731A7A48C10B004"><enum>(v)</enum><text>the basis of any
property which is part of a qualifying coal-to-liquid fuels project under
section
48C.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="HAE5DCB909BDD40EC9B450003F0486BEC"><enum>(2)</enum><text>The table of
sections for subpart E of part IV of subchapter A of chapter 1 of such Code is
amended by inserting after the item relating to section 48B the following new
item:</text>
<quoted-block id="HE11F0AAFAA104CA1B559299753E36B8F" style="OLC">
<toc regeneration="no-regeneration">
<toc-entry level="section">Sec. 48C. Qualifying coal-to-liquid fuels
project
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H19D4C1400876454B8E28FD301764007F"><enum>(d)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to periods
after the date of the enactment of this Act, under rules similar to the rules
of <external-xref legal-doc="usc" parsable-cite="usc/26/48">section 48(m)</external-xref> of the Internal Revenue Code of 1986 (as in effect on the day
before the date of the enactment of the Revenue Reconciliation Act of
1990).</text>
</subsection></section><section id="H70E4147B85AC40E8A93D5E05113788AA"><enum>402.</enum><header>Temporary
expensing for equipment used in coal-to-liquid fuels process</header>
<subsection id="H3730A62633AB4046A34ED95E053BBEF3"><enum>(a)</enum><header>In
general</header><text>Part VI of subchapter B of chapter 1 of the Internal
Revenue Code of 1986 is amended by inserting after section 179E the following
new section:</text>
<quoted-block id="HB6AF8297E7E942A38D2100F2E68D3016">
<section id="HF3454AB119A64A73BB33383E2F70AA44"><enum>179F.</enum><header>Election to
expense certain coal-to-liquid fuels facilities</header>
<subsection id="HC6D64DE2024D4D90BE44BD179F8DB9AF"><enum>(a)</enum><header>Treatment as
expenses</header><text>A taxpayer may elect to treat the cost of any qualified
coal-to-liquid fuels process property as an expense which is not chargeable to
capital account. Any cost so treated shall be allowed as a deduction for the
taxable year in which the expense is incurred.</text>
</subsection><subsection id="H725078DB611047DE8E501C006F81F6FE"><enum>(b)</enum><header>Election</header>
<paragraph id="H35D838B7D9EA43C3923E57A30000CA51"><enum>(1)</enum><header>In
general</header><text>An election under this section for any taxable year shall
be made on the taxpayer’s return of the tax imposed by this chapter for the
taxable year. Such election shall be made in such manner as the Secretary may
by regulations prescribe.</text>
</paragraph><paragraph id="H8638DD2669FB45AB002B76307CAAEDB8"><enum>(2)</enum><header>Election
irrevocable</header><text>Any election made under this section may not be
revoked except with the consent of the Secretary.</text>
</paragraph></subsection><subsection id="H6315231D000F4B19AAA8009F7D3418D8"><enum>(c)</enum><header>Qualified
coal-to-liquid fuels process property</header><text>The term <term>qualified
coal-to-liquid fuels process property</term> means any property located in the
United States—</text>
<paragraph id="HB70E9482D1EE465B988845534F328BA7"><enum>(1)</enum><text display-inline="yes-display-inline">which employs the Fischer-Tropsch process
or the Schobert process to produce transportation grade liquid fuels from a
feedstock that is primarily domestic coal (including any property which allows
for the capture, transportation, or sequestration of by-products resulting from
such process, including carbon emissions),</text>
</paragraph><paragraph id="H996B03785AC24EDEB7DDA3BD3EE6DEF"><enum>(2)</enum><text>the original use of
which commences with the taxpayer,</text>
</paragraph><paragraph id="HD048ADF78D2E4E9A969EE3C5BBE69086"><enum>(3)</enum><text>the construction
of which—</text>
<subparagraph id="H0C96F89A5A9E486CA45676669FB2E458"><enum>(A)</enum><text>except as provided
in subparagraph (B), is subject to a binding construction contract entered into
after the date of the enactment of this section and before January 1, 2011, but
only if there was no written binding construction contract entered into on or
before such date of enactment, or</text>
</subparagraph><subparagraph id="H456D0ABDBF334711835BD9C031E8EED9"><enum>(B)</enum><text>in the case of
self-constructed property, began after the date of the enactment of this
section and before January 1, 2011, and</text>
</subparagraph></paragraph><paragraph id="H694BDE61AF6949C498A6EA2D63FD0088"><enum>(4)</enum><text>which is placed in
service by the taxpayer after the date of the enactment of this section and
before January 1, 2016.</text>
</paragraph></subsection><subsection id="HAECF73D037A14D228355EBA150605BDE"><enum>(d)</enum><header>Election To
allocate deduction to cooperative owner</header><text>If—</text>
<paragraph id="H8CCF1E643CAE4511A284079E6040C969"><enum>(1)</enum><text>a taxpayer to
which subsection (a) applies is an organization to which part I of subchapter T
applies, and</text>
</paragraph><paragraph id="HFB847B454B8A4CE200D6CB92B31614B"><enum>(2)</enum><text>one or more persons
directly holding an ownership interest in the taxpayer are organizations to
which part I of subchapter T apply,</text>
</paragraph><continuation-text continuation-text-level="subsection">the
taxpayer may elect to allocate all or a portion of the deduction allowable
under subsection (a) to such persons. Such allocation shall be equal to the
person’s ratable share of the total amount allocated, determined on the basis
of the person’s ownership interest in the taxpayer. The taxable income of the
taxpayer shall not be reduced under section 1382 by reason of any amount to
which the preceding sentence applies.</continuation-text></subsection><subsection id="H5466951DC799487C00567BBB0095F1FA"><enum>(e)</enum><header>Basis
reduction</header>
<paragraph id="H35D3ACDFFC924F70981FC7BB11C43DEA"><enum>(1)</enum><header>In
general</header><text>For purposes of this title, if a deduction is allowed
under this section with respect to any qualified coal-to-liquid fuels process
property, the basis of such property shall be reduced by the amount of the
deduction so allowed.</text>
</paragraph><paragraph id="HFD1E870E3EC3462EA1C3B303E39B4CAD"><enum>(2)</enum><header>Ordinary income
recapture</header><text>For purposes of section 1245, the amount of the
deduction allowable under subsection (a) with respect to any property which is
of a character subject to the allowance for depreciation shall be treated as a
deduction allowed for depreciation under section 167.</text>
</paragraph></subsection><subsection id="HA97AF579CEA444A693B0910086AC53D5"><enum>(f)</enum><header>Application with
other deductions and credits</header>
<paragraph id="HBEBF39ACFF514A459558553D4CD3EEC7"><enum>(1)</enum><header>Other
deductions</header><text>No deduction shall be allowed under any other
provision of this chapter with respect to any expenditure with respect to which
a deduction is allowed under subsection (a) to the taxpayer.</text>
</paragraph><paragraph id="HBFF53B286AC040B685FDC4D211BDAE5F"><enum>(2)</enum><header>Credits</header><text>No
credit shall be allowed under section 38 with respect to any amount for which a
deduction is allowed under subsection (a).</text>
</paragraph></subsection><subsection id="HB04A5966E4A449799DE23D40CB00F3A8"><enum>(g)</enum><header>Reporting</header><text>No
deduction shall be allowed under subsection (a) to any taxpayer for any taxable
year unless such taxpayer files with the Secretary a report containing such
information with respect to the operation of the property of the taxpayer as
the Secretary shall
require.</text>
</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HD14573629D4D41E792BDF197CF1E2F00"><enum>(b)</enum><header>Conforming
amendments</header>
<paragraph id="H220B99A10BE64F498FC5EDDEB520B576"><enum>(1)</enum><text>Section 1016(a) of
the Internal Revenue Code of 1986 is amended by striking <quote>and</quote> at
the end of paragraph (36), by striking the period at the end of paragraph (37)
and inserting <quote>, and</quote>, and by adding at the end the following new
paragraph:</text>
<quoted-block display-inline="no-display-inline" id="HE91A7BABAB2D43148197136DBBD1F20" style="OLC">
<paragraph id="HF50B3C417A0A48198B9EF8ED8B06C9B9"><enum>(38)</enum><text>to the extent
provided in section
179F(e)(1).</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H5FA0D4C99EF04539A7B767FC32E71EA0"><enum>(2)</enum><text>Section 1245(a) of
such Code is amended by inserting <quote>179F,</quote> after
<quote>179D,</quote> both places it appears in paragraphs (2)(C) and
(3)(C).</text>
</paragraph><paragraph id="H4A757FADBBE4456E9C078F9C47DF838D"><enum>(3)</enum><text>Section 263(a)(1)
of such Code is amended by striking <quote>or</quote> at the end of
subparagraph (J), by striking the period at the end of subparagraph (K) and
inserting <quote>, or</quote>, and by inserting after subparagraph (K) the
following new subparagraph:</text>
<quoted-block id="H93D3E09C80554D59B83EDA5499D8FEF4">
<subparagraph id="HF12477654FD64D0F8523843602FBC6E9"><enum>(L)</enum><text>expenditures for
which a deduction is allowed under section
179F.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="HF64BADB9DDD44FFE9CAACDFD419F1B00"><enum>(4)</enum><text>Section
312(k)(3)(B) of such Code is amended by striking <quote>or 179E</quote> each
place it appears in the heading and text and inserting <quote>179E, or
179F</quote>.</text>
</paragraph><paragraph id="HD9E9A89B20694959AB829311875355CF"><enum>(5)</enum><text>The table of
sections for part VI of subchapter B of chapter 1 of such Code is amended by
inserting after the item relating to section 179E the following new
item:</text>
<quoted-block id="H8A4903352135424B8C2BA1A1E93D0020" style="OLC">
<toc regeneration="no-regeneration">
<toc-entry level="section">Sec. 179F. Election to expense certain
coal-to-liquid fuels
facilities.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H12931C0C71CB488FBA52B13ABA2815F"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to
properties placed in service after the date of the enactment of this
Act.</text>
</subsection></section><section id="HC48FC713D90A4FF398D2CE7F1262B217"><enum>403.</enum><header>Extension of
alternative fuel credit for fuel derived from coal through the Fischer-Tropsch
process or the Schobert process</header>
<subsection id="HC60390647D90472985C1B82140B2BB98"><enum>(a)</enum><header>Alternative fuel
credit</header><text display-inline="yes-display-inline">Paragraph (4) of
<external-xref legal-doc="usc" parsable-cite="usc/26/6426">section 6426(d)</external-xref> of the Internal Revenue Code of 1986 is amended to read as
follows:</text>
<quoted-block display-inline="no-display-inline" id="H1C8C3A049C0A4DE08BC36F137F3574B2" style="OLC">
<paragraph id="H4CD5CFFA5AA7440892A167E7DAE26247"><enum>(4)</enum><header>Termination</header><text>This
subsection shall not apply to—</text>
<subparagraph id="HBCA102CFEED043D58DBE08CE5048E935"><enum>(A)</enum><text display-inline="yes-display-inline">any sale or use involving liquid fuel
derived from a feedstock that is primarily domestic coal (including peat)
through the Fischer-Tropsch process or the Schobert process for any period
after September 30, 2020,</text>
</subparagraph><subparagraph id="H240D1D10AD09480E8916F0126639B86F"><enum>(B)</enum><text>any sale or use
involving liquified hydrogen for any period after September 30, 2014,
and</text>
</subparagraph><subparagraph id="H3B31253BF8774204B48B82242F09CC84"><enum>(C)</enum><text>any other sale or
use for any period after September 30,
2009.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HC92DD975EAB6452786D236045359C7DF"><enum>(b)</enum><header>Payments</header>
<paragraph id="HBC57910CA4EE4852B0D41BCBDA68AB14"><enum>(1)</enum><header>In
general</header><text>Paragraph (5) of section 6427(e) of the Internal Revenue
Code of 1986 is amended by striking <quote>and</quote> and the end of
subparagraph (C), by striking the period at the end of subparagraph (D) and
inserting <quote>, and</quote>, and by adding at the end the following new
subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="HD773DF1071FF4D94B902CDA7C62CFACA" style="OLC">
<subparagraph id="H2F444386808A4D518C0049E906C93D1"><enum>(E)</enum><text display-inline="yes-display-inline">any alternative fuel or alternative fuel
mixture (as so defined) involving liquid fuel derived from coal (including
peat) through the Fischer-Tropsch process or the Schobert process sold or used
after September 30,
2020.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H16FE1B8165A44B31B2164D6B8EF39544"><enum>(2)</enum><header>Conforming
amendment</header><text>Section 6427(e)(5)(C) of such Code is amended by
striking <quote>subparagraph (D)</quote> and inserting <quote>subparagraphs (D)
and (E)</quote>.</text>
</paragraph></subsection></section>