SECTION 1. LAND AND WATER CONSERVATION FUND.

    (a) Reauthorization.--Section 200302 of title 54, United States 
Code, is amended--
            (1) in subsection (b), in the matter preceding paragraph 
        (1), by striking ``During the period ending September 30, 2015, 
        there'' and inserting ``There''; and
            (2) in subsection (c)(1), by striking ``through September 
        30, 2015''.
    (b) Allocation of Funds.--Section 200304 of title 54, United States 
Code, is amended--
            (1) by striking ``There'' and inserting ``(a) In General.--
        There''; and
            (2) by striking the second sentence and inserting the 
        following:
    ``(b) Allocation.--Of the appropriations from the Fund--
            ``(1) not less than 40 percent shall be used collectively 
        for Federal purposes under section 200306;
            ``(2) not less than 40 percent shall be used collectively--
                    ``(A) to provide financial assistance to States 
                under section 200305;
                    ``(B) for the Forest Legacy Program established 
                under section 7 of the Cooperative Forestry Assistance 
                Act of 1978 (16 U.S.C. 2103c);
                    ``(C) for cooperative endangered species grants 
                authorized under section 6 of the Endangered Species 
                Act of 1973 (16 U.S.C. 1535); and
                    ``(D) for the American Battlefield Protection 
                Program established under chapter 3081; and
            ``(3) not less than 1.5 percent or $10,000,000, whichever 
        is greater, shall be used for projects that secure recreational 
        public access to Federal public land for hunting, fishing, or 
        other recreational purposes.''.
    (c) Conservation Easements.--Section 200306 of title 54, United 
States Code, is amended by adding at the end the following:
    ``(c) Conservation Easements.--The Secretary and the Secretary of 
Agriculture shall consider the acquisition of conservation easements 
and other similar interests in land where appropriate and feasible.''.
    (d) Acquisition Considerations.--Section 200306 of title 54, United 
States Code (as amended by subsection (c)), is amended by adding at the 
end of the following:
    ``(d) Acquisition Considerations.--The Secretary and the Secretary 
of Agriculture shall take into account the following in determining the 
land or interests in land to acquire:
            ``(1) Management efficiencies.
            ``(2) Management cost savings.
            ``(3) Geographic distribution.
            ``(4) Significance of the acquisition.
            ``(5) Urgency of the acquisition.
            ``(6) Threats to the integrity of the land to be acquired.
            ``(7) The recreational value of the land.''.

SEC. 2. NATIONAL PARK SERVICE MAINTENANCE AND REVITALIZATION 
              CONSERVATION FUND.

    (a) In General.--Chapter 1049 of title 54, United States Code, is 
amended by adding at the end the following:
``Sec. 104908. National Park Service Maintenance and Revitalization 
              Conservation Fund
    ``(a) In General.--There is established in the Treasury a fund, to 
be known as the `National Park Service Critical Maintenance and 
Revitalization Conservation Fund' (referred to in this section as the 
`Fund').
    ``(b) Deposits to Fund.--Notwithstanding any provision of law 
providing that the proceeds shall be credited to miscellaneous receipts 
of the Treasury, for each fiscal year, there shall be deposited in the 
Fund, from revenues due and payable to the United States under section 
9 of the Outer Continental Shelf Lands Act (43 U.S.C. 1338) 
$150,000,000.
    ``(c) Use and Availability.--
            ``(1) In general.--Amounts deposited in the Fund shall--
                    ``(A) be used only for the purposes described in 
                subsection (d); and
                    ``(B) be available for expenditure only after the 
                amounts are appropriated for those purposes.
            ``(2) Availability.--Any amounts in the Fund not 
        appropriated shall remain available in the Fund until 
        appropriated.
            ``(3) No limitation.--Appropriations from the Fund pursuant 
        to this section may be made without fiscal year limitation.
    ``(d) National Park System Critical Deferred Maintenance.--The 
Secretary shall use amounts appropriated from the Fund for high 
priority deferred maintenance needs of the Service that support 
critical infrastructure and visitor services.
    ``(e) Land Acquisition Prohibition.--Amounts in the Fund shall not 
be used for land acquisition.''.
    (b) Clerical Amendment.--The table of sections for chapter 1049 of 
title 54, United States Code, is amended by inserting after the item 
relating to section 104907 the following:

``104908. National Park Service Maintenance and Revitalization 
                            Conservation Fund.''.
This bill makes permanent the Land and Water Conservation Fund (LWCF).  Of the appropriations from the LWCF: (1) at least 40% shall be used collectively for federal purposes for certain land and water acquisitions (as currently); (2) at least 40% shall be used collectively to provide financial assistance to states for LWCF purposes and for outdoor recreation, for the Forest Legacy Program, for cooperative endangered species grants, and for the American Battlefield Protection Program; and (3) at least 1.5% or $10 million, whichever is greater, shall be used for projects that secure recreational public access to federal public land for hunting, fishing, or other recreational purposes. The Department of the Interior and the Department of Agriculture shall consider the acquisition of conservation easements and other similar interests in land where it is appropriate and feasible, taking specified considerations into account. The bill establishes a National Park Service Critical Maintenance and Revitalization Conservation Fund in the Treasury for the deposit of specified amounts from revenues due and payable to the United States under the Outer Continental Shelf Lands Act. Amounts deposited in the Fund shall: (1) be used only for the high priority deferred maintenance needs of the National Park Service that support critical infrastructure and visitor services, and (2) be available for expenditure only after amounts are appropriated for such purposes. Amounts in the Fund shall not be used for acquiring land.
To amend chapter 2003 of title 54, United States Code, to fund the Land and Water Conservation Fund and provide for the use of such funds, and for other purposes.