To temporarily modify the allocation of geothermal receipts.

SA 3417. Mr. REID (for himself, Mr. Ensign, Mrs. Feinstein, Mr.
Hatch, Mr. Crapo, and Mrs. Boxer) submitted an amendment intended to be
proposed to amendment SA 3336 proposed by Mr. Baucus to the bill H.R.
4213, to amend the Internal Revenue Code of 1986 to extend certain
expiring provisions, and for other purposes; as follows:

At the end of title VI, add the following:

SEC. 6__. ALLOCATION OF GEOTHERMAL RECEIPTS.

Nothwithstanding any other provision of law, for fiscal
year 2010 only, all funds received from sales, bonuses,
royalties, and

[[Page S1193]]

rentals under the Geothermal Steam Act of 1970 (30 U.S.C.
1001 et seq.) shall be deposited in the Treasury, of which--
(1) 50 percent shall be used by the Secretary of the
Treasury to make payments to States within the boundaries of
which the leased land and geothermal resources are located;
(2) 25 percent shall be used by the Secretary of the
Treasury to make payments to the counties within the
boundaries of which the leased land or geothermal resources
are located; and
(3) 25 percent shall be deposited in miscellaneous
receipts.
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