Oil Shale Reserve Fund Revenue Act - Requires that any amounts received by the United States, beginning on November 18, 1997, and ending on the date of enactment of this Act, from a lease under provisions relating to certain oil shale reserves be deposited in the U.S. Treasury.
Requires that 50% of such amounts go to the Secretary of the Interior for the costs of all environmental restoration, waste management, and environmental compliance regarding the remediation of the land transferred under certain existing provisions, including the former Anvil Points oil shale facility in Colorado.
Requires that the remaining 50% go to Garfield, Rio Blanco, Moffat, and Mesa Counties, Colorado, to mitigate the effects of oil and gas development activities within the affected areas. Prohibits counting such funds in calculating payments for the counties under provisions relating to payment for entitlement land.
[Congressional Bills 110th Congress]
[From the U.S. Government Printing Office]
[H.R. 5807 Introduced in House (IH)]
110th CONGRESS
2d Session
H. R. 5807
To amend title 10, United States Code, to provide for the distribution
of a share of certain mineral revenues, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
April 15, 2008
Mr. Salazar introduced the following bill; which was referred to the
Committee on Natural Resources, and in addition to the Committee on
Energy and Commerce, 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 distribution
of a share of certain mineral revenues, 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. SHORT TITLE.
This Act may be cited as the ``Oil Shale Reserve Fund Revenue
Act''.
SEC. 2. DISPOSITION OF QUALIFIED OIL SHALE RESERVE RECEIPTS.
Section 7439 of title 10, United States Code, is amended--
(1) in subsection (f)--
(A) in paragraph (1)--
(i) by striking ``(1) Notwithstanding'' and
inserting the following:
``(1) In general.--Notwithstanding''; and
(ii) by striking ``specified in paragraph
(2)'' and inserting ``beginning on November 18,
1997, and ending on the date of enactment of
the Oil Shale Reserve Fund Revenue Act''; and
(B) by striking paragraph (2) and inserting the
following:
``(2) Mineral leasing act.--Beginning on the date of
enactment of the Oil Shale Reserve Fund Revenue Act, any
amounts received by the United States from a lease under this
section (including amounts 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 deposited in the Treasury
of the United States, for use in accordance with section 35 of
the Mineral Leasing Act (30 U.S.C. 191).''; and
(2) by striking subsection (g) and inserting the following:
``(g) Use of Revenues.--
``(1) In general.--Of the amounts deposited in the Treasury
under subsection (f)(1)--
``(A) 50 percent shall be transferred by the
Secretary of the Treasury to the Secretary of the
Interior, for use in accordance with paragraph (2); and
``(B) 50 percent shall be distributed by the
Secretary of the Treasury to Garfield, Rio Blanco,
Moffat, and Mesa Counties in the State of Colorado, in
accordance with paragraph (3).
``(2) Use of federal funds.--
``(A) In general.--Amounts transferred under
paragraph (1)(A) shall be used by the Secretary of the
Interior for the costs of all environmental
restoration, waste management, and environmental
compliance activities incurred by the United States
with respect to the remediation of the land transferred
under subsection (a), including the former Anvil Points
oil shale facility in the State of Colorado.
``(B) Deposit in treasury.--On completion of the
remediation of the former Anvil Points oil shale
facility, the Secretary of the Interior shall return
any remaining amounts transferred under paragraph
(1)(A) to the Treasury of the United States, for use in
accordance with section 35 of the Mineral Leasing Act
(30 U.S.C. 191).
``(3) Use of county funds.--
``(A) In general.--Of the amounts to be distributed
under paragraph (1)(B), 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.
``(B) Authorized uses.--The amounts provided to the
counties under subparagraph (A) 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.
``(C) Limitation.--Amounts provided to the counties
under subparagraph (A) shall not be considered for
purpose of calculating payments for the counties under
chapter 69 of title 31, United States Code.''.
<all>
Introduced in House
Introduced in House
Referred to the Committee on Natural Resources, and in addition to the Committee on Energy and Commerce, 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.
Referred to the Committee on Natural Resources, and in addition to the Committee on Energy and Commerce, 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.
Referred to the Committee on Natural Resources, and in addition to the Committee on Energy and Commerce, 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.
Referred to the Subcommittee on Energy and Air Quality.
Referred to the Subcommittee on Energy and Mineral Resources.
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