[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 3135 Introduced in Senate (IS)]







110th CONGRESS
  2d Session
                                S. 3135

   To amend the Outer Continental Shelf Lands Act to provide for the 
  establishment of a production incentive fee for nonproducing leases.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 12, 2008

  Mr. Nelson of Florida introduced the following bill; which was read 
  twice and referred to the Committee on Energy and Natural Resources

_______________________________________________________________________

                                 A BILL


 
   To amend the Outer Continental Shelf Lands Act to provide for the 
  establishment of a production incentive fee for nonproducing leases.

    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 ``Outer Continental Shelf Production 
Incentive Fee Act''.

SEC. 2. PRODUCTION INCENTIVE FEE.

    Section 8 of the Outer Continental Shelf Lands Act (43 U.S.C. 1337) 
is amended by adding at the end the following:
    ``(q) Production Incentive Fee.--
            ``(1) Establishment.--Not later than 180 days after the 
        date of enactment of this subsection, the Secretary shall 
        establish, by regulation, a fee for any nonproducing oil or gas 
        leases on outer Continental Shelf land in the Gulf of Mexico 
        that are in effect on the date of enactment of this subsection.
            ``(2) Amount.--The amount of the fee established under 
        paragraph (1) shall be at a rate established by the Secretary 
        by regulation, but shall be not less than $5 per acre per year.
            ``(3) Assessment and collection.--The Secretary shall 
        assess and collect the fee established under paragraph (1) on 
        an annual basis, in accordance with procedures established by 
        the Secretary by regulation.
            ``(4) Disposition.--Notwithstanding section 9, any amounts 
        collected under paragraph (3) shall be--
                    ``(A) available to the Secretary of the Interior 
                for use in accordance with the Land and Water 
                Conservation Fund Act of 1965 (16 U.S.C. 460l-4 et 
                seq.); and
                    ``(B) treated as offsetting receipts.''.
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