[Congressional Record Volume 162, Number 20 (Wednesday, February 3, 2016)]
[Senate]
[Pages S606-S607]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3244. Mr. MARKEY (for himself and Mr. Menendez) submitted an 
amendment intended to be proposed by him to the bill S. 2012, to 
provide for the modernization of the energy policy of the United 
States, and for other purposes; which was ordered to lie on the table; 
as follows:

       At the appropriate place, insert the following:

     SEC. ____. DISPOSITION OF QUALIFIED OUTER CONTINENTAL SHELF 
                   REVENUES FROM 181 AREA, 181 SOUTH AREA, AND 
                   2002-2007 PLANNING AREAS OF GULF OF MEXICO.

       Section 105 of the Gulf of Mexico Energy Security Act of 
     2006 (43 U.S.C. 1331 note) is amended to read as follows:

[[Page S607]]

  


     ``SEC. 105. DISPOSITION OF QUALIFIED OUTER CONTINENTAL SHELF 
                   REVENUES FROM 181 AREA, 181 SOUTH AREA, AND 
                   2002-2007 PLANNING AREAS OF GULF OF MEXICO.

       ``Notwithstanding section 9 of the Outer Continental Shelf 
     Lands Act (43 U.S.C. 1338) and subject to the other 
     provisions of this section, for each applicable fiscal year, 
     the Secretary of the Treasury shall deposit--
       ``(1) 87.5 percent of qualified outer Continental Shelf 
     revenues in the general fund of the Treasury, to be used for 
     Federal budget deficit reduction or, if there is no Federal 
     budget deficit, for reducing the Federal debt in such manner 
     as the Secretary of the Treasury considers appropriate; and
       ``(2) 12.5 percent of qualified outer Continental Shelf 
     revenues in a special account in the Land and Water 
     Conservation Fund established under section 200302 of title 
     54, United States Code, from which the Secretary shall 
     disburse, without further appropriation, 100 percent to 
     provide financial assistance to States in accordance with 
     section 200305 of that title, which shall be considered 
     income to the Land and Water Conservation Fund for purposes 
     of section 200302 of that title.''.
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