S.Amdt. 906

SA 906. Ms. MURKOWSKI (for herself and Mr. Alexander) submitted an amendment intended to be proposed by her to the concurrent resolution S. Con. Res. 13, setting forth the congressional budget for the United States Government for fiscal year 2010, revising the appropriate budgetary levels for fiscal year 2009, and setting forth the appropriate budgetary levels for fiscal years 2011 through 2014; which was ordered to lie on the table; as follows:

At the appropriate place in title II, insert the following:

SEC. 2___. DEFICIT-NEUTRAL RESERVE FUND FOR CERTAIN OIL AND NATURAL GAS LEASING ACTIVITIES.

(a) In General.--Subject to subsection (b), the Chairman of the Committee on the Budget of the Senate may revise the allocations, aggregates, and other levels in this resolution by the amounts provided by a bill, joint resolution, amendment, motion, or conference report that would--

(1) allow any coastal State (as defined in section 304 of the Coastal Zone Management Act of 1972 (16 U.S.C. 1453)) to participate in the oil and natural gas leasing program under the Outer Continental Shelf Lands Act (43 U.S.C. 1331 et seq.); and

(2) provide that any revenues from leases granted under paragraph (1) shall be allocated in accordance with section 105 of the Gulf of Mexico Energy Security Act of 2006 (43 U.S.C. 1331 note; Public Law 109-432), including the provisions of that Act providing for the disposition of revenues in the general fund of the Treasury and the allocation of funds to carry out the Land and Water Conservation Fund Act of 1965 (16 U.S.C. 460l-4 et seq.).

(b) Deficit Neutrality.--Subsection (a) applies only if the legislation described in subsection (a) would not increase the deficit over the period of the total of fiscal years 2009 through 2014 or the period of the total of fiscal years 2009 through 2019.