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[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 3562 Introduced in Senate (IS)]

109th CONGRESS
  2d Session
                                S. 3562

 To allocate a portion of the revenue derived from lease sales in the 
 181 Area to the land and water conservation fund for use by State and 
              local governments for conservation purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                             June 23, 2006

 Mr. Alexander (for himself and Mr. Salazar) introduced the following 
bill; which was read twice and referred to the Committee on Energy and 
                           Natural Resources

_______________________________________________________________________

                                 A BILL

 
 To allocate a portion of the revenue derived from lease sales in the 
 181 Area to the land and water conservation fund for use by State and 
              local governments for conservation purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Land and Water Conservation Fund 
Investment Act''.

SEC. 2. DEFINITIONS.

    In this Act:
            (1) 181 area.--The term ``181 Area'' means the area 
        identified in map 15, page 58, of the Proposed Final Outer 
        Continental Shelf Oil and Gas Leasing Program for 1997-2002 of 
        the Minerals Management Service.
            (2) Secretary.--The term ``Secretary'' means the Secretary 
        of the Interior.
            (3) Special account.--The term ``special account'' means 
        the special account described in section 3(a).

SEC. 3. DISPOSITION AND USE OF 181 AREA RENTAL AND ROYALTY PAYMENTS.

    (a) In General.--Notwithstanding section 9 of the Outer Continental 
Shelf Lands Act (43 U.S.C. 1338), 50 percent of the bonuses, rentals, 
royalties, and other sums due and payable to the United States from 
leases in the 181 Area shall be deposited into a special account in the 
Treasury.
    (b) Transfer of Funds.--Each fiscal year the Secretary of the 
Treasury shall transfer to the Secretary--
            (1) $450,000,000 from the special account; or
            (2) if the balance in the special account is not sufficient 
        to transfer the full amount specified in paragraph (1)--
                    (A) any amounts that are in the special account; 
                and
                    (B) from the unobligated balance of the land and 
                water conservation fund established under section 2 of 
                the Land and Water Conservation Fund Act of 1965 (16 
                U.S.C. 460l-5), an amount equal to the difference 
                between--
                            (i) $450,000,0000; and
                            (ii) the amount transferred under 
                        subparagraph (A).
    (c) Use of Funds.--Amounts transferred to the Secretary under 
subsection (b) shall--
            (1) be made available, without further appropriation, 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. 460l-8);
            (2) remain available until expended; and
            (3) be in addition to any amounts appropriated under the 
        Land and Water Conservation Fund Act of 1965 (16 U.S.C. 460l-4 
        et seq.).
                                 <all>
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