[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 2857 Introduced in Senate (IS)]







110th CONGRESS
  2d Session
                                S. 2857

To amend title 10, United States Code, to provide for the distribution 
    of a share of certain mineral revenues, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 15, 2008

Mr. Salazar (for himself and Mr. Allard) 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 provide for the distribution 
    of a share of certain mineral revenues, 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. SHORT TITLE.

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

SEC. 2. DISPOSITION OF QUALIFIED OIL SHALE RESERVE RECEIPTS.

    Section 7439 of title 10, United States Code, is amended--
            (1) in subsection (f)--
                    (A) in paragraph (1)--
                            (i) by striking ``(1) Notwithstanding'' and 
                        inserting the following:
            ``(1) In general.--Notwithstanding''; and
                            (ii) by striking ``specified in paragraph 
                        (2)'' and inserting ``beginning on November 18, 
                        1997, and ending on the date of enactment of 
                        the Oil Shale Reserve Fund Revenue Act''; and
                    (B) by striking paragraph (2) and inserting the 
                following:
            ``(2) Mineral leasing act.--Beginning on the date of 
        enactment of the Oil Shale Reserve Fund Revenue Act, any 
        amounts received by the United States from a lease under this 
        section (including amounts in the form of sales, bonuses, 
        royalties (including interest charges collected under the 
        Federal Oil and Gas Royalty Management Act of 1982 (30 U.S.C. 
        1701 et seq.)), and rentals) shall be deposited in the Treasury 
        of the United States, for use in accordance with section 35 of 
        the Mineral Leasing Act (30 U.S.C. 191).''; and
            (2) by striking subsection (g) and inserting the following:
    ``(g) Use of Revenues.--
            ``(1) In general.--Of the amounts deposited in the Treasury 
        under subsection (f)(1)--
                    ``(A) 50 percent shall be transferred by the 
                Secretary of the Treasury to the Secretary of the 
                Interior, for use in accordance with paragraph (2); and
                    ``(B) 50 percent shall be distributed by the 
                Secretary of the Treasury to Garfield, Rio Blanco, 
                Moffat, and Mesa Counties in the State of Colorado, in 
                accordance with paragraph (3).
            ``(2) Use of federal funds.--
                    ``(A) In general.--Amounts transferred under 
                paragraph (1)(A) shall be used by the Secretary of the 
                Interior for the costs of all environmental 
                restoration, waste management, and environmental 
                compliance activities incurred by the United States 
                with respect to the remediation of the land transferred 
                under subsection (a), including the former Anvil Points 
                oil shale facility in the State of Colorado.
                    ``(B) Deposit in treasury.--On completion of the 
                remediation of the former Anvil Points oil shale 
                facility, the Secretary of the Interior shall return 
                any remaining amounts transferred under paragraph 
                (1)(A) to the Treasury of the United States, for use in 
                accordance with section 35 of the Mineral Leasing Act 
                (30 U.S.C. 191).
            ``(3) Use of county funds.--
                    ``(A) In general.--Of the amounts to be distributed 
                under paragraph (1)(B), the Secretary of the Treasury 
                shall transfer--
                            ``(i) 40 percent to Garfield County, 
                        Colorado;
                            ``(ii) 40 percent to Rio Blanco County, 
                        Colorado;
                            ``(iii) 10 percent to Moffat County, 
                        Colorado; and
                            ``(iv) 10 percent to Mesa County, Colorado.
                    ``(B) Authorized uses.--The amounts provided to the 
                counties under subparagraph (A) shall be used by the 
                counties, or any cities or political subdivisions 
                within the counties to which the funds are transferred 
                by the counties, to mitigate the effects of oil and gas 
                development activities within the affected counties, 
                cities, or political subdivisions.
                    ``(C) Limitation.--Amounts provided to the counties 
                under subparagraph (A) shall not be considered for 
                purpose of calculating payments for the counties under 
                chapter 69 of title 31, United States Code.''.
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