S.Amdt. 5109

1. Adds SEC. __. REPEAL OF MORATORIA ON OFFSHORE OIL AND GAS LEASING at the end of the bill

   Adds a section

   In S. 3268 · Placed on Calendar Senate

   (b) Report.--If the Commission decides not to use the procedures described in subsection (a) in a specific instance, not later than 30 days after the date of the decision, the Commission shall submit to Congress a detailed report that describes in each instance the reasons for not using the procedures.

   Inserted: SEC. __. REPEAL OF MORATORIA ON OFFSHORE OIL AND GAS LEASING.

   Inserted: (a) In General.--Sections 104 and 105 of the Department of the Interior, Environment, and Related Agencies Appropriations Act, 2008 (Public Law 110-161; 121 Stat. 2118), are repealed.

   Inserted: (b) Certain Areas of Gulf of Mexico.--Section 104 of the Gulf of Mexico Energy Security Act of 2006 (43 U.S.C. 1331 note; 120 Stat. 3003) is amended--

   Inserted: (1) by striking subsection (a); and

   Inserted: (2) in subsection (b), by striking the subsection designation and heading and all that follows through "subsection (a), the" and inserting "The".

   Inserted: SEC. __. USE OF OFFSHORE OIL AND GAS PLATFORMS AND OTHER FACILITIES FOR ALTERNATIVE ENERGY PRODUCTION.

   Inserted: (a) Definitions.--In this section:

   Inserted: (1) Alternative energy.--The term "alternative energy" means energy from a source other than oil or gas.

   Inserted: (2) Secretary.--The term "Secretary" means the Secretary of the Interior.

   Inserted: (b) Grant Program.--

   Inserted: (1) Establishment.--The Secretary shall establish a grant program under which the Secretary shall provide grants to pay the Federal share of the cost of--

   Inserted: (A) converting offshore oil and gas platforms or other facilities that are decommissioned from service for oil and gas purposes to alternative energy production facilities; or

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   Inserted: (B) using offshore oil and gas platforms or other facilities that are being used for oil and gas purposes to also produce alternative energy.

   Inserted: (2) Federal share.--The Federal share of the cost of carrying out activities under paragraph (1) shall be not more than 50 percent.

   Inserted: (3) Applicable law.--The Outer Continental Shelf Land Act (43 U.S.C. 1301 et seq.) shall apply to any activities carried out under this section.

   Inserted: (4) Disposition of revenues.--Notwithstanding section 9 of the Outer Continental Shelf Lands Act (43 U.S.C. 1338), of the revenues to the United States from the production of alternative energy under this section for each fiscal year, the Secretary shall deposit--

   Inserted: (A) 50 percent in the general fund of the Treasury; and

   Inserted: (B) 50 percent in a special account in the Treasury from which the Secretary shall disburse--

   Inserted: (i) 75 percent to States based on a formula established by the Secretary by regulation; and

   Inserted: (ii) 25 percent to provide financial assistance to States in accordance with section 6 of the Land and Water Conservation Fund Act of 1965 (16 U.S.C. 460 l-8), which shall be considered income to the Land and Water Conservation Fund for purposes of section 2 of that Act (16 U.S.C. 460l-5).

   Inserted: (5) Authorization of appropriations.--There are authorized to be appropriated such sums as are necessary to carry out this section.

   Inserted: (6) Termination of authority.--The authority of the Secretary to provide grants under this section terminates on the date that is 10 years after the date of enactment of this Act.

   Original wording

   At the end, add the following:

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As printed