[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 1575 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                S. 1575

 To amend title 10, United States Code, to ensure that excess oil and 
   gas lease revenues are distributed in accordance with the Mineral 
                  Leasing Act, and for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                             August 4, 2009

   Mr. Udall of Colorado (for himself and Mr. Bennet) introduced the 
 following bill; which was read twice and referred to the Committee on 
                      Energy and Natural Resources

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                                 A BILL


 
 To amend title 10, United States Code, to ensure that excess oil and 
   gas lease revenues are distributed in accordance with the Mineral 
                  Leasing Act, 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 by 
adding at the end the following:
    ``(3)(A) 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 in 
accordance with section 35 of the Mineral Leasing Act (30 U.S.C. 191) 
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.''.
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