National Park Restoration Act

To establish the National Park Restoration Fund, and for other purposes. 1. Short title This Act may be cited as the National Park Restoration Act 2. National Park Restoration Fund (a) Establishment There is established in the Treasury of the United States a special fund, to be known as the National Park Restoration Fund Fund (b) Contents The Fund shall consist of— (1) any amounts deposited in the Fund under subsection (c)(2); and (2) any income on investments under subsection (d). (c) Deposits to Fund (1) Definitions In this subsection: (A) Available receipts (i) In general The term available receipts (ii) Description of amount The amount referred to in clause (i) is the amount equal to the difference between— (I) the total amount of energy development revenues for the applicable fiscal year; and (II) (aa) for fiscal year 2018, $7,800,000,000; (bb) for fiscal year 2019, $8,000,000,000; (cc) for fiscal year 2020, $8,200,000,000; (dd) for fiscal year 2021, $8,600,000,000; (ee) for fiscal year 2022, $8,800,000,000; (ff) for fiscal year 2023, $9,000,000,000; (gg) for fiscal year 2024, $9,000,000,000; (hh) for fiscal year 2025, $9,100,000,000; (ii) for fiscal year 2026, $9,300,000,000; and (jj) for fiscal year 2027, $9,400,000,000. (B) Energy development revenues The term energy development revenues (2) Deposits For each of fiscal years 2018 through 2027, there shall be deposited in the Fund an amount equal to the product obtained by multiplying— (A) the available receipts for the fiscal year; and (B) 0.5. (3) Effect on other revenues Nothing in this section affects the disposition of revenues that— (A) are due to the United States, special funds, trust funds, or States from mineral and energy development on Federal land and water; or (B) have been otherwise appropriated under Federal law, including the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 Public Law 109–432 30 U.S.C. 181 chapter 2003 (d) Investment of amounts (1) In general The Secretary of the Treasury shall invest any portion of the Fund that is not, as determined by the Secretary of the Interior, required for the purposes described in subsection (e)(1). (2) Credits to Fund The income on investments of the Fund under paragraph (1) shall be credited to, and form a part of, the Fund. (e) Use of Fund (1) In general Amounts deposited in the Fund shall be available to the Secretary of the Interior, without further appropriation or fiscal year limitation, for the priority deferred maintenance needs that support critical infrastructure and visitor services, if applicable, of the National Park Service, as determined by the Secretary and the Director of the National Park Service. (2) Additional amounts Amounts made available under paragraph (1) shall be in addition to amounts otherwise available for the purposes described in that paragraph. (3) Prohibition on use of funds for land acquisition Amounts in the Fund shall not be used for the acquisition of land. (f) Termination of deposits (1) In general Deposits under subsection (c)(2) shall terminate on the earlier of— (A) September 30 of the tenth fiscal year after the date of enactment of this Act; and (B) the date on which the aggregate amount deposited in the Fund under subsection (c)(2) equals at least $18,000,000,000. (2) Limitation Notwithstanding paragraph (1), the Secretary of the Interior may continue to expend any remaining amounts in the Fund after the termination date described in that paragraph in accordance with subsection (e). (g) Summary to Congress The Secretary of the Interior shall submit to the appropriate committees of Congress (including the Committee on Energy and Natural Resources and the Committee on Appropriations of the Senate and the Committee on Natural Resources and the Committee on Appropriations of the House of Representatives), together with the annual budget submission of the President, a list of each project for which amounts from the Fund are allocated under this section, including a summary of each such project. (h) Sense of Congress regarding offset It is the sense of Congress that the costs of carrying out this section should be offset.

Summary: National Park Restoration Act This bill establishes the National Park Restoration Fund in the Treasury to be made available to the Department of the Interior for priority deferred maintenance needs that support critical infrastructure and visitor services of the National Park Service. Funds deposited through FY2027 are calculated according to a formula that uses as a factor the total amount of energy development revenues due and payable to the federal government. Interior may not use amounts in the fund to acquire lands. Interior shall submit to Congress a list of the projects for which amounts from the fund are allocated, including a summary of each project.