‘‘(r) REMOVAL OF RESTRICTIONS ON JOINT BIDDING 
IN
CERTAIN
AREAS
OF
THE
OUTER
CONTINENTAL 
SHELF.—Restrictions on joint bidders shall no longer 
apply to tracts determined to be ‘frontier tracts’ or other-
wise ‘high cost tracts’ under final regulations that shall 
be published by the Secretary by not later than 365 days 
after the date of enactment of the Grow American Supply 
Act. 
‘‘(s) ROYALTY SUSPENSION PROVISIONS.—The Sec-
retary shall agree to a request by any lessee to amend 
any lease issued for Central and Western Gulf of Mexico 
tracts during the period of December 1, 1995, through 
December 31, 2000, to incorporate price thresholds appli-
cable to royalty suspension provisions, or amend existing 
price thresholds, in the amount of $40.50 per barrel (Jan-
uary 1, 2008, dollars) for oil and for natural gas of $6.75 
per million Btu (January 1, 2008, dollars). Any royalties 
paid because of such new or revised price thresholds shall 
be treated as offsetting receipts. Any royalties paid under 
lease price thresholds agreed to after the date of enact-
ment of the Grow American Supply Act shall be subject 
to immediate receipts sharing under section 9, and the 
balance not shared under that section shall be transferred 
by the Secretary of the Interior to the Treasury. 
VerDate Nov 24 2008 
07:07 Feb 24, 2009
Jkt 079200
PO 00000
Frm 00016
Fmt 6652
Sfmt 6201
E:\BILLS\H1108.IH
H1108
rfrederick on PROD1PC67 with BILLS
‘‘(t) MANDATORY PRICE THRESHOLDS FOR ROYALTY 
SUSPENSION VOLUMES.—After the date of enactment of 
the Grow American Supply Act, price thresholds shall 
apply to any royalty suspension volumes granted by the 
Secretary. Unless otherwise set by the Secretary by regu-
lation or for a particular lease sale within the final notice 
of sale, the price thresholds shall be $40.50 for oil (Janu-
ary 1, 2008, dollars) and $6.75 for natural gas (January 
1, 2008, dollars).’’. 
SEC. 7. DISPOSITION OF RECEIPTS. 
(a) AMENDMENT OF OUTER CONTINENTAL SHELF 
LANDS ACT.—Section 9 of the Outer Continental Shelf 
Lands Act (43 U.S.C. 1338) is amended as follows: 
(1) By designating the existing text as sub-
section (a). 
(2) In subsection (a) (as so designated) by in-
serting ‘‘, if not paid as otherwise provided in this 
title’’ after ‘‘receipts’’. 
(3) by adding the following: 
‘‘(b) TREATMENT OF OCS RECEIPTS.— 
‘‘(1) DEPOSIT.—The Secretary shall deposit 
into a separate account in the Treasury the portion 
of OCS Receipts for each fiscal year that will be 
shared under paragraph (2). 
VerDate Nov 24 2008 
07:07 Feb 24, 2009
Jkt 079200
PO 00000
Frm 00017
Fmt 6652
Sfmt 6201
E:\BILLS\H1108.IH
H1108
rfrederick on PROD1PC67 with BILLS
‘‘(2) IMMEDIATE RECEIPTS SHARING.—Begin-
ning October 1, 2009, the Secretary shall share 50 
percent of OCS Receipts derived from all leases, ex-
cept that the Secretary shall only share 25 percent 
of such OCS Receipts derived from all such leases 
within a State’s Adjacent Zone if leasing is not al-
lowed within at least 25 percent of that State’s Ad-
jacent Zone located completely within 75 miles of 
any coastline. 
‘‘(3) ALLOCATIONS.—The Secretary shall allo-
cate the OCS Receipts deposited into the separate 
account established by paragraph (1) that are 
shared under paragraph (2) as follows: 
‘‘(A) BONUS BIDS.—Deposits derived from 
bonus bids from a leased tract, including inter-
est thereon, shall be allocated at the end of 
each fiscal year to the Adjacent State. 
‘‘(B) ROYALTIES.—Deposits derived from 
royalties and net profit shares from a leased 
tract, including interest thereon, shall be allo-
cated at the end of each fiscal year as follows: 
‘‘(i) 50 percent to the Adjacent State. 
‘‘(ii) 50 percent to all States, includ-
ing the Adjacent State, having a coastline 
point within 300 miles of the leased tract, 
VerDate Nov 24 2008 
07:07 Feb 24, 2009
Jkt 079200
PO 00000
Frm 00018
Fmt 6652
Sfmt 6201
E:\BILLS\H1108.IH
H1108
rfrederick on PROD1PC67 with BILLS