[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 2613 Introduced in Senate (IS)]







110th CONGRESS
  2d Session
                                S. 2613

To amend title 10, United States Code, to require the Secretary of the 
Treasury to transfer certain amounts to the State of Colorado, and for 
                            other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

             February 8 (legislative day, February 6), 2008

  Mr. Salazar introduced the following bill; which was read twice and 
              referred to the Committee on Armed Services

_______________________________________________________________________

                                 A BILL


 
To amend title 10, United States Code, to require the Secretary of the 
Treasury to transfer certain amounts to the State of Colorado, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TREATMENT OF OIL SHALE RESERVE RECEIPTS.

    Section 7439(f) of title 10, United States Code, is amended--
            (1) in paragraph (2), by inserting ``the earlier of 
        December 31, 2007, or'' after ``and ending on''; and
            (2) by adding at the end the following:
    ``(3)(A) Not less than $33,250,000 of the moneys deposited in the 
Treasury under paragraph (1) that exceed the amounts described in 
subparagraphs (A) and (B) of paragraph (2) shall be transferred by the 
Secretary of the Treasury to the State of Colorado for use in 
accordance with subparagraph (B).
    ``(B) Amounts transferred to the State of Colorado under 
subparagraph (A) shall be used by the State and political subdivisions 
of the State for--
            ``(i) conservation, restoration, and protection of land, 
        water, and wildlife resources affected by oil or gas 
        development activities in Garfield and Rio Blanco Counties in 
        the State;
            ``(ii) repair, maintenance, and construction of State and 
        county roads in each of those counties; and
            ``(iii) the conduct of capital improvement projects 
        (including the construction and maintenance of sewer and water 
        treatment plants) that are designed and carried out to address 
        the impacts of oil and gas development activities in each of 
        those counties.
    ``(4)(A) Beginning on January 1, 2008, subject to subparagraph (B), 
all moneys received from a lease under this section (including moneys 
in the form of sales, bonuses, royalties (including interest charges 
collected under the Federal Oil and Gas Royalty Management Act of 1982 
(30 U.S.C. 1701 et seq.)), and rentals) shall be distributed in 
accordance with section 35 of the Mineral Leasing Act (30 U.S.C. 191).
    ``(B) For the period beginning on January 1, 2008, and ending on 
the date on which the Secretary of Energy and the Secretary of the 
Interior jointly carry out the certification under paragraph (2), 
amounts transferred by the Secretary of the Treasury to the State of 
Colorado in accordance with section 35 of the Mineral Leasing Act (30 
U.S.C. 191) shall be used by the State and political subdivisions of 
the State in accordance with paragraph (3)(B).''.
                                 <all>