1006
ernment Impact Aid Assistance Fund established by
subsection (d) to provide timely financial assistance
to entities that are eligible under paragraph (2) and
that are directly impacted by the exploration for or
production of oil and gas on the Coastal Plain under
this title.
(2) ELIGIBLE
ENTITIES.—The North Slope
Borough, Kaktovik, and other boroughs, municipal
subdivisions, villages, and any other community or-
ganized under Alaska State law shall be eligible for
financial assistance under this section.
(b) USE
OF
ASSISTANCE.—Financial assistance
under this section may be used only for—
(1) planning for mitigation of the potential ef-
fects of oil and gas exploration and development on
environmental, social, cultural, recreational and sub-
sistence values;
(2) implementing mitigation plans and main-
taining mitigation projects;
(3) developing, carrying out, and maintaining
projects and programs that provide new or expanded
public facilities and services to address needs and
problems associated with such effects, including fire-
fighting, police, water, waste treatment, medivac,
and medical services; and
1007
(4) establishment of a coordination office, by
the North Slope Borough, in the City of Kaktovik,
which shall—
(A) coordinate with and advise developers
on local conditions, impact, and history of the
areas utilized for development; and
(B) provide to the Committee on Resources
of the Senate and the Committee on Energy
and Resources of the Senate an annual report
on the status of coordination between devel-
opers and the communities affected by develop-
ment.
(c) APPLICATION.—
(1) IN GENERAL.—Any community that is eligi-
ble for assistance under this section may submit an
application for such assistance to the Secretary, in
such form and under such procedures as the Sec-
retary may prescribe by regulation.
(2) NORTH SLOPE BOROUGH COMMUNITIES.—A
community located in the North Slope Borough may
apply for assistance under this section either directly
to the Secretary or through the North Slope Bor-
ough.
(3) APPLICATION ASSISTANCE.—The Secretary
shall work closely with and assist the North Slope
1008
Borough and other communities eligible for assist-
ance under this section in developing and submitting
applications for assistance under this section.
(d) ESTABLISHMENT OF FUND.—
(1) IN GENERAL.—There is established in the
Treasury the Coastal Plain Local Government Im-
pact Aid Assistance Fund.
(2) USE.—Amounts in the fund may be used
only for providing financial assistance under this
section.
(3) DEPOSITS.—Subject to paragraph (4), there
shall be deposited into the fund amounts received by
the United States as revenues derived from rents,
bonuses, and royalties under on leases and lease
sales authorized under this title.
(4) LIMITATION
ON
DEPOSITS.—The total
amount in the fund may not exceed $11,000,000.
(5) INVESTMENT
OF
BALANCES.—The Sec-
retary of the Treasury shall invest amounts in the
fund in interest bearing government securities.
(e) AUTHORIZATION OF APPROPRIATIONS.—To pro-
vide financial assistance under this section there is author-
ized to be appropriated to the Secretary from the Coastal
Plain Local Government Impact Aid Assistance Fund
$5,000,000 for each fiscal year.
1009
TITLE XXIII—SET AMERICA FREE
(SAFE)
SEC. 2301. SHORT TITLE.
This title may be cited as the ‘‘Set America Free Act
of 2005’’ or the ‘‘SAFE Act’’.
SEC. 2302. FINDINGS.
Congress finds the following:
(1) The three contiguous North American coun-
tries of Canada, Mexico, and the United States
share many economic, environmental, and security
interests, including being among each others’ largest
trading partners, similar interests in clean air and
clean water, concern about infiltration of terrorists
from nations that host terrorist organizations, and
interdependent economic systems.
(2) North American energy self-sufficiency is
consistent with the shared interests of the three con-
tiguous North American countries and should be
achieved through methods that recognize and respect
the sovereignty of each of the three contiguous
North American countries.
(3) The Energy Information Administration
(EIA), in its April 2004 International Energy Out-
look, projects that world energy consumption will in-
crease by 54 percent from 2001 to 2025 and that
1010
world oil consumption will rise from 77 million bar-
rels per day (Mmbbl/d) in 2001 to 121 Mmbbl/d in
2025.
(4) In the same report, EIA projects that, with-
out a change in governmental policy, the United
States oil consumption will rise by 44.4 percent from
19.6 Mmbbl/d (7.15 billion barrels per year (Bbbl/
y)) in 2001 to 28.3 Mmbbl/d (10.33 Bbbl/y) in
2025, and that the oil consumption of the three con-
tiguous North American countries of Canada, Mex-
ico, and the United States (in this title referred to
as the ‘‘three contiguous North American coun-
tries’’) will rise by 47.2 percent from 23.5 Mmbbl/
d (8.58 Bbbl/y) in 2001 (30.5 percent of world con-
sumption) to 34.6 Mmbbl/d (12.6 Bbbl/y) in 2025
(28.6 percent of world consumption).
(5) EIA projects that, without a change in gov-
ernmental policy, oil production in the three contig-
uous North American countries will rise by 18.8 per-
cent from 15.4 Mmbbl/d (5.6 Bbbl/y) in 2001 (19.4
percent of world production) to 18.3 Mmbbl/d (6.7
Bbbl/y) in 2025 (14.5 percent of world production).
(6) EIA projects that, without a change in gov-
ernmental policy, the three contiguous North Amer-
ican countries contain 492.7 Bbbls of oil resources
1011
(16.8 percent of total world oil resources) (not in-
cluding unconventional oil resources such as United
States oil shale or the overwhelming majority of Ca-
nadian oil sands) at the base case oil price, which
represents sufficient oil to fully supply the needs of
the three contiguous North American countries for
57.4 years based on 2001 oil consumption and 39.1
years based on projected 2025 oil consumption, re-
sulting in an average of approximately 48 years of
full supply.
(7) In the same report, EIA projects that, with-
out a change in governmental policy, the United
States natural gas consumption will rise by 38.9
percent from 22.6 trillion cubic feet per year (Tcf/
y) in 2001 to 31.4 Tcf/y in 2025, and that the nat-
ural gas consumption of the three contiguous North
American countries will rise by 48.0 percent from
26.9 Tcf/y in 2001 (29.3 percent of world consump-
tion) to 39.8 Tcf/y in 2025 (26.3 percent of world
consumption).
(8) EIA projects that, without a change in gov-
ernmental policy, natural gas production in the three
contiguous North American countries will rise by
21.7 percent from 27.6 Tcf/y in 2001 (30.3 percent
of world production) to 33.6 Tcf/y in 2025 (22.3