II
110th CONGRESS
2d Session
S. 2613
IN THE SENATE OF THE UNITED STATES
February 8 (legislative day, February 6), 2008
Mr. Salazar introduced the following bill; which was read twice and referred to the Committee on Armed Services
A BILL
To amend title 10, United States Code, to require the Secretary of the Treasury to transfer certain amounts to the State of Colorado, and for other purposes.
Treatment of Oil Shale Reserve receipts
Section 7439(f) of title 10, United States Code, is amended—
in paragraph (2),
by inserting the earlier of December 31, 2007, or
after
and ending on
; and
by adding at the end the following:
Not less than $33,250,000 of the moneys deposited in the Treasury under paragraph (1) that exceed the amounts described in subparagraphs (A) and (B) of paragraph (2) shall be transferred by the Secretary of the Treasury to the State of Colorado for use in accordance with subparagraph (B).
Amounts transferred to the State of Colorado under subparagraph (A) shall be used by the State and political subdivisions of the State for—
conservation, restoration, and protection of land, water, and wildlife resources affected by oil or gas development activities in Garfield and Rio Blanco Counties in the State;
repair, maintenance, and construction of State and county roads in each of those counties; and
the conduct of capital improvement projects (including the construction and maintenance of sewer and water treatment plants) that are designed and carried out to address the impacts of oil and gas development activities in each of those counties.
Beginning on January 1, 2008, subject to subparagraph (B), all moneys received from a lease under this section (including moneys 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 distributed in accordance with section 35 of the Mineral Leasing Act (30 U.S.C. 191).
For the period beginning on January 1, 2008, and ending on the date on which the Secretary of Energy and the Secretary of the Interior jointly carry out the certification under paragraph (2), amounts transferred by the Secretary of the Treasury to the State of Colorado in accordance with section 35 of the Mineral Leasing Act (30 U.S.C. 191) shall be used by the State and political subdivisions of the State in accordance with paragraph (3)(B).
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