To amend title 10, United States Code, to provide for the transfer certain receipts derived from leases involving Oil Shale Reserves Numbered 1 and 3 to the State of Colorado, and for other purposes.

Provides for the transfer from the Secretary of the Treasury to the state of Colorado of certain amounts derived from oil and gas development leases involving Oil Shale Reserves Numbered 1 and 3, to be used by Colorado for: (1) conservation, restoration, and protection of land, water, and wildlife resources affected by oil or gas development; (2) repair, maintenance, and construction of state and county roads in development-affected areas; and (3) capital improvement projects to address impacts of such development.

[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5311 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 5311

  To amend title 10, United States Code, to provide for the transfer 
   certain receipts derived from leases involving Oil Shale Reserves 
   Numbered 1 and 3 to the State of Colorado, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 7, 2008

 Mr. Salazar introduced the following bill; which was referred to the 
  Committee on Natural Resources, and in addition to the Committee on 
  Transportation and Infrastructure, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
  To amend title 10, United States Code, to provide for the transfer 
   certain receipts derived from leases involving Oil Shale Reserves 
   Numbered 1 and 3 to the State of Colorado, 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--
            (1) in paragraph (2), by inserting ``the earlier of 
        December 31, 2007, or'' after ``and ending on''; and
            (2) by adding at the end the following new paragraphs:
    ``(3)(A) Not less than $33,250,000 of 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 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.
    ``(4)(A) Beginning on January 1, 2008, but subject to subparagraph 
(B), all moneys received from a lease under this section (including 
moneys 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 distributed in 
accordance with section 35 of the Mineral Leasing Act (30 U.S.C. 191).
    ``(B) Until the date on which the Secretary of Energy and the 
Secretary of the Interior provide the certification described in 
paragraph (2) regarding the sum of money deposited in the Treasury 
under paragraph (1), amounts transferred by the Secretary of the 
Treasury to the State of Colorado in accordance with section 35 of the 
Mineral Leasing Act (30 U.S.C. 191) shall be used by the State and 
political subdivisions of the State in accordance with paragraph 
(3)(B).''.
                                 <all>