[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 1602 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                S. 1602

 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 6, 2009

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

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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)(i) Of the amounts to be distributed under subparagraph (A), 
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.
    ``(ii) The amounts provided to the counties under clause (i) 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.
    ``(iii) Amounts provided to the counties under clause (i) shall not 
be considered for the purpose of calculating payments for the counties 
under chapter 69 of title 31, United States Code.''.
                                 <all>