Offshore Lease Fairness Act - Amends the Outer Continental Shelf Lands Act to increase from 27% to 50% the revenues: (1) shared with states from leases within three miles of the coast line entered into after enactment of this Act; and (2) from energy-related activities for any lease, easement, or right-of-way granted after enactment of this Act.
Amends the Gulf of Mexico Energy Security Act of 2006 to redefine current qualified Outer Continental Shelf revenues as sums received by the United States from leases entered into between December 20, 2006, and the date of enactment of this Act.
Requires for FY2010 and each ensuing fiscal year that new outer Continental Shelf revenues be deposited: (1) 50% into the general fund of the Treasury; and (2) 50% into a special account in the Treasury for disbursement to coastal states by the Secretary of the Treasury.
Restricts allocation of new outer Continental Shelf revenues from leases in the Gulf of Mexico, the Atlantic Ocean, the Pacific Ocean, and the Arctic Ocean to states that are in, or border on, such specified geographical areas.
Prescribes requirements for the timing and administration of the disposition of revenues.
[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5973 Introduced in House (IH)]
111th CONGRESS
2d Session
H. R. 5973
To amend the Outer Continental Shelf Lands Act and the Gulf of Mexico
Energy Security Act of 2006 to increase the percentage of revenues from
new offshore leases that will be shared with coastal States to 50
percent.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 29, 2010
Mr. Poe of Texas (for himself, Mr. Olson, Mr. Bright, Mr. Paul, Mr.
Scalise, Mr. Bonner, Mr. Barton of Texas, and Mr. Cao) introduced the
following bill; which was referred to the Committee on Natural
Resources
_______________________________________________________________________
A BILL
To amend the Outer Continental Shelf Lands Act and the Gulf of Mexico
Energy Security Act of 2006 to increase the percentage of revenues from
new offshore leases that will be shared with coastal States to 50
percent.
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 ``Offshore Lease Fairness Act''.
SEC. 2. INCREASED REVENUE SHARING WITH STATES FOR LEASES WITHIN 3 MILES
OF THE COAST LINE.
(a) Leases for Activities Authorized in OCS Lands Act.--Section
8(g)(2) of the Outer Continental Shelf Lands Act (43 U.S.C. 1337(g)(2))
is amended by inserting after ``27 percent of those revenues,'' the
following: ``or, for leases entered into after the date of enactment of
the Offshore Lease Fairness Act, 50 percent of those revenues,''
(b) Leases for Energy-Related Activities.--Section 8(p)(2)(B) of
the Outer Continental Shelf Lands Act (43 U.S.C. 1337(p)(2)(B)) is
amended by inserting after ``27 percent of the revenues received by the
Federal Government as a result of payments under this section'' the
following: ``, or, for any lease, easement, or right-of-way granted
after the date of enactment of the Offshore Lease Fairness Act, 50
percent of those revenues,''.
SEC. 3. INCREASED REVENUE SHARING WITH STATES FOR LEASES BEYOND 3 MILES
OF THE COAST LINE.
(a) Definition of New Outer Continental Shelf Revenues.--Section
102 of the Gulf of Mexico Energy Security Act of 2006 (Public Law 109-
432; 43 U.S.C. 1331 note) is amended--
(1) by redesignating paragraphs (9) through (11) as
paragraphs (10) through (12), respectively;
(2) by inserting after paragraph (8) the following new
paragraph:
``(9) New outer continental shelf revenues.--
``(A) In general.--The term `new outer Continental
Shelf revenues' means all rentals, royalties, bonus
bids, and other sums received by the United States from
leases entered into after the period described in
paragraph (10)(A)(i) for areas on the outer Continental
Shelf (as defined in section 2(a) of the Outer
Continental Shelf Lands Act (43 U.S.C. 1331(a)).
``(B) Exclusions.--The term `new outer Continental
Shelf revenues' does not include revenues and other
amounts described in paragraph (10)(B).''; and
(3) in subparagraph (A) of paragraph (10) (as redesignated
by paragraph (1) of this subsection)--
(A) in clause (i), by striking ``due and payable to
the United States'' and all that follows through ``on
or after the date of enactment of this Act'' and
inserting ``received by the United States from leases
entered into in the period beginning on December 20,
2006, and ending on the date of enactment of the
Offshore Lease Fairness Act''; and
(B) in clause (ii), by striking ``on or after the
date of enactment of this Act'' and inserting ``in the
period described in clause (i)''.
(b) Disposition of New Outer Continental Shelf Revenues.--The Gulf
of Mexico Energy Security Act of 2006 (Public Law 109-432; 43 U.S.C.
1331 note) is amended by adding at the end the following new sections:
``SEC. 106. DISPOSITION OF NEW OUTER CONTINENTAL SHELF REVENUES.
``(a) Disposition of Revenues.--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 fiscal year 2010 and each fiscal
year thereafter--
``(1) 50 percent of new outer Continental Shelf revenues
shall be deposited in the general fund of the Treasury; and
``(2) 50 percent of new outer Continental Shelf revenues
shall be deposited in a special account in the Treasury, and
the Secretary of the Treasury shall disburse such amount to
coastal States under subsection (b).
``(b) Allocation Among Coastal States.--The amount made available
under subsection (a)(2) shall be allocated to coastal States using
rules substantially similar to the rules in paragraphs (1) and (2) of
section 105(b), except that--
``(1) references in such paragraphs to Gulf producing
States shall be treated as references to coastal States; and
``(2) new outer Continental Shelf revenues from leases in
the Gulf of Mexico, the Atlantic Ocean, the Pacific Ocean, and
the Arctic Ocean may only be allocated to States that are in,
or that border on, the Gulf of Mexico, the Atlantic Ocean, the
Pacific Ocean, and the Arctic Ocean, respectively.
``SEC. 107. TIMING AND ADMINISTRATION OF DISPOSITION OF REVENUES.
``(a) Timing.--Amounts required to be deposited under sections
105(a)(2) and 106(a)(2) for a fiscal year shall be made available in
accordance with those sections for the subsequent fiscal year.
``(b) Administration.--Amounts made available under sections
105(a)(2) and 106(a)(2) shall--
``(1) be made available, without further appropriation, in
accordance with this section;
``(2) remain available until expended; and
``(3) be in addition to any amounts appropriated under--
``(A) the Outer Continental Shelf Lands Act (43
U.S.C. 1331 et seq.);
``(B) the Land and Water Conservation Fund Act of
1965 (16 U.S.C. 4601-4 et seq.); or
``(C) any other provision of law.''.
(c) Conforming Amendment.--Section 105 of the Gulf of Mexico Energy
Security Act of 2006 (Public Law 109-432; 43 U.S.C. 1331 note) is
amended--
(1) by striking subsections (c) and (e); and
(2) by redesignating subsections (d) and (f) as subsections
(c) and (d), respectively.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Natural Resources.
Referred to the Subcommittee on Energy and Mineral Resources.
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