420 
(B) entered into an agreement with the 
Secretary under which the person is obligated 
to pay such fees. 
(d) DEFINITIONS.—In this section— 
(1) COVERED
LEASE.—The term ‘‘covered 
lease’’ means a lease for oil or gas production in the 
Gulf of Mexico that is— 
(A) in existence on the date of enactment 
of this Act; 
(B) issued by the Department of the Inte-
rior under section 304 of the Outer Continental 
Shelf Deep Water Royalty Relief Act (43 
U.S.C. 1337 note; Public Law 104–58); and 
(C) not subject to limitations on royalty re-
lief based on market price that are equal to or 
less than the price thresholds described in 
clauses (v) through (vii) of section 8(a)(3)(C) of 
the Outer Continental Shelf Lands Act (43 
U.S.C. 1337(a)(3)(C)). 
(2) LESSEE.—The term ‘‘lessee’’ includes any 
person or other entity that controls, is controlled by, 
or is in or under common control with, a lessee. 
(3) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of the Interior. 
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421 
SEC. 7505. REPEAL OF CERTAIN TAXPAYER SUBSIDIZED 
ROYALTY RELIEF FOR THE OIL AND GAS IN-
DUSTRY. 
(a) REPEAL OF PROVISIONS OF ENERGY POLICY ACT 
OF 2005.—The following provisions of the Energy Policy 
Act of 2005 (Public Law 109–58) are repealed: 
(1) Section 344 (42 U.S.C. 15904; relating to 
incentives for natural gas production from deep wells 
in shallow waters of the Gulf of Mexico). 
(2) Section 345 (42 U.S.C. 15905; relating to 
royalty relief for deep water production in the Gulf 
of Mexico). 
(b) PROVISIONS RELATING
TO PLANNING AREAS 
OFFSHORE ALASKA.—Section 8(a)(3)(B) of the Outer 
Continental Shelf Lands Act (43 U.S.C. 1337(a)(3)(B)) 
is amended by striking ‘‘and in the Planning Areas off-
shore Alaska’’ after ‘‘West longitude’’. 
(c) PROVISIONS RELATING TO NAVAL PETROLEUM 
RESERVE IN ALASKA.—Section 107 of the Naval Petro-
leum Reserves Production Act of 1976 (as transferred, re-
designated, moved, and amended by section 347 of the En-
ergy Policy Act of 2005 (119 Stat. 704)) is amended— 
(1) in subsection (i) by striking paragraphs (2) 
through (6); and 
(2) by striking subsection (k). 
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422 
Subtitle F—Additional Provisions 
SEC. 7601. OIL SHALE COMMUNITY IMPACT ASSISTANCE. 
(a) ESTABLISHMENT
OF FUND.—There is estab-
lished on the books of the Treasury of the United States 
a separate account to be known as the Oil Shale Commu-
nity Impact Assistance Fund (hereinafter in this section 
referred to as the ‘‘Fund’’). The Fund shall be adminis-
tered by the Secretary of the Interior acting through the 
Director of the Bureau of Land Management. 
(b) CONTENTS.— 
(1) IN GENERAL.—There shall be credited to 
the Fund— 
(A) all amounts paid to the United States 
as bonus bids in connection with the award of 
commercial oil shale leases pursuant to section 
369(e) of the Energy Policy Act of 2005 (42 
U.S.C. 15927(e)); and 
(B) an amount equal to 25 percent of the 
portion of the other amounts deposited into the 
Treasury pursuant to section 35(a) of the Min-
eral Leasing Act (30 U.S.C. 191) with respect 
to such leases, that remains after deduction of 
all payments made pursuant to of such section. 
(2) TERMINATION
OF
CREDITING
OF
ROYAL-
TIES.—Paragraph (1)(B) shall not apply to royalties 
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