the Secretary recommendations of curriculum to en-
sure training scientific and technical advancements. 
(b) MEMBERSHIP.— 
(1) SIZE.—The Board shall consist of not more 
than 11 members, who— 
(A) shall be appointed by the Secretary 
based on their expertise in oil and gas drilling, 
well design, operations, well containment and 
oil spill response; and 
(B) must have significant scientific, engi-
neering, management, and other credentials and 
a history of working in the field related to safe 
energy exploration, development, and produc-
tion activities. 
(2) CONSULTATION
AND
NOMINATIONS.—The 
Secretary shall consult with the National Academy 
of Sciences and the National Academy of Engineer-
ing to identify potential candidates for the Board 
and shall take nominations from the public. 
(3) TERM.—The Secretary shall appoint Board 
members to staggered terms of not more than 4 
years, and shall not appoint a member for more 
than 2 consecutive terms. 
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(4) BALANCE.—In appointing members to the 
Board, the Secretary shall ensure a balanced rep-
resentation of industry and research interests. 
(c) CHAIR.—The Secretary shall appoint the Chair 
for the Board from among its members. 
(d) MEETINGS.—The Board shall meet not less than 
3 times per year and shall host, at least once per year, 
a public forum to review and assess the overall energy 
safety performance of Outer Continental Shelf mineral 
and renewable energy resource activities. 
(e) OFFSHORE DRILLING SAFETY ASSESSMENTS 
AND RECOMMENDATIONS.—As part of its duties under 
this section, the Board shall, by not later than 180 days 
after the date of enactment of this section and every 5 
years thereafter, submit to the Secretary a report that— 
(1) assesses offshore oil and gas well control 
technologies, practices, voluntary standards, and 
regulations in the United States and elsewhere; and 
(2) as appropriate, recommends modifications 
to the regulations issued under this Act to ensure 
adequate protection of safety and the environment, 
including recommendations on how to reduce regula-
tions and administrative actions that are duplicative 
or unnecessary. 
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(f) REPORTS.—Reports of the Board shall be sub-
mitted by the Board to the Committee on Natural Re-
sources of the House or Representatives and the Com-
mittee on Energy and Natural Resources of the Senate 
and made available to the public in electronically acces-
sible form. 
(g) TRAVEL EXPENSES.—Members of the Board, 
other than full-time employees of the Federal Government, 
while attending meeting of the Board or while otherwise 
serving at the request of the Secretary or the Director 
while serving away from their homes or regular places of 
business, may be allowed travel expenses, including per 
diem in lieu of subsistence, as authorized by section 5703 
of title 5, United States Code, for individuals in the Gov-
ernment serving without pay. 
SEC. 409. OUTER CONTINENTAL SHELF INSPECTION FEES. 
Section 22 of the Outer Continental Shelf Lands Act 
(43 U.S.C. 1348) is amended by adding at the end of the 
section the following: 
‘‘(g) INSPECTION FEES.— 
‘‘(1) ESTABLISHMENT.—The Secretary of the 
Interior shall collect from the operators of facilities 
subject to inspection under subsection (c) non-re-
fundable fees for such inspections— 
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‘‘(A) at an aggregate level equal to the 
amount necessary to offset the annual expenses 
of inspections of outer Continental Shelf facili-
ties (including mobile offshore drilling units) by 
the Department of the Interior; and 
‘‘(B) using a schedule that reflects the dif-
ferences in complexity among the classes of fa-
cilities to be inspected. 
‘‘(2) OCEAN ENERGY SAFETY FUND.—There is 
established in the Treasury a fund, to be known as 
the ‘Ocean Energy Enforcement Fund’ (referred to 
in this subsection as the ‘Fund’), into which shall be 
deposited all amounts collected as fees under para-
graph (1) and which shall be available as provided 
under paragraph (3). 
‘‘(3) AVAILABILITY OF FEES.— 
‘‘(A) IN GENERAL.—Notwithstanding sec-
tion 3302 of title 31, United States Code, all 
amounts deposited in the Fund— 
‘‘(i) shall be credited as offsetting col-
lections; 
‘‘(ii) shall be available for expenditure 
for purposes of carrying out inspections of 
outer Continental Shelf facilities (including 
mobile offshore drilling units) and the ad-
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ministration of the inspection program 
under this section; 
‘‘(iii) shall be available only to the ex-
tent provided for in advance in an appro-
priations Act; and 
‘‘(iv) shall remain available until ex-
pended. 
‘‘(B) USE FOR FIELD OFFICES.—Not less 
than 75 percent of amounts in the Fund may 
be appropriated for use only for the respective 
Department of the Interior field offices where 
the amounts were originally assessed as fees. 
‘‘(4) INITIAL FEES.—Fees shall be established 
under this subsection for the fiscal year in which 
this subsection takes effect and the subsequent 10 
years, and shall not be raised without advise and 
consent of the Congress, except as determined by the 
Secretary to be appropriate as an adjustment equal 
to the percentage by which the Consumer Price 
Index for the month of June of the calendar year 
preceding the adjustment exceeds the Consumer 
Price Index for the month of June of the calendar 
year in which the claim was determined or last ad-
justed. 
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‘‘(5) ANNUAL FEES.—Annual fees shall be col-
lected under this subsection for facilities that are 
above the waterline, excluding drilling rigs, and are 
in place at the start of the fiscal year. Fees for each 
fiscal year in the period of fiscal years 2015 through 
2024 shall be— 
‘‘(A) $10,500 for facilities with no wells, 
but with processing equipment or gathering 
lines; 
‘‘(B) $17,000 for facilities with 1 to 10 
wells, with any combination of active or inactive 
wells; and 
‘‘(C) $31,500 for facilities with more than 
10 wells, with any combination of active or in-
active wells. 
‘‘(6) FEES FOR DRILLING RIGS.—Fees for drill-
ing rigs shall be assessed under this subsection for 
all inspections completed in fiscal years 2015 
through 2024. Fees for fiscal year 2015 shall be— 
‘‘(A) $30,500 per inspection for rigs oper-
ating in water depths of 1,000 feet or more; 
and 
‘‘(B) $16,700 per inspection for rigs oper-
ating in water depths of less than 1,000 feet. 
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TITLE VI—INFRASTRUCTURE 
REVENUE BONDS 
SEC. 601. LEVERAGING INFRASTRUCTURE TRUST ACCOUNT 
WITH INFRASTRUCTURE REVENUE BONDS. 
(a) IN GENERAL.—Subchapter I of chapter 31 of 
subtitle III of title 31, United States Code, is amended 
by inserting after section 3102 the following new section: 
‘‘§ 3102A. Infrastructure revenue bonds 
‘‘(a) IN GENERAL.—With the approval of the Presi-
dent, the Secretary of the Treasury may borrow for high-
way and transportation project expenditures, and water 
infrastructure expenditures, authorized by law after the 
date of the enactment of this section and may issue inter-
est-bearing bonds for the amounts borrowed and may buy, 
redeem, and make refunds under section 3111 of this title. 
The Secretary may prescribe conditions under section 
3121 of this title, except that such bonds shall mature 
20 years from the date of issue. 
‘‘(b) FINANCED WITH INFRASTRUCTURE TRUST AC-
COUNT.—Such obligations, and the interest thereon, are 
not guaranteed by the United States and shall be paid 
solely from amounts deposited in the Infrastructure Trust 
Account established by paragraph (6)(A)(ii) of section 
8(g) of the Outer Continental Shelf Lands Act (43 U.S.C. 
1337(g)). 
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‘‘(c) LIMITATION.—The aggregate face amount of ob-
ligations issued during a calendar year under subsection 
(a) shall not exceed— 
‘‘(1) $25,000,000,000 for each of calendar 
years 2015 through 2020; and 
‘‘(2) $0 for each calendar year thereafter. 
‘‘(d) REDEMPTION.—The Government may redeem 
any part of a series of bonds before maturity by giving 
at least 4 months’ notice.’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
subchapter I of chapter 31 of subtitle III of title 31, 
United States Code, is amended by inserting after the 
item relating to section 3102 the following new item: 
‘‘3102A. Infrastructure revenue bonds.’’. 
SEC. 602. NINETY-FIVE PERCENT OF BOND PROCEEDS FOR 
HIGHWAY TRUST FUND. 
(a) IN GENERAL.—Subsection (b) of section 9503 of 
the Internal Revenue Code of 1986 is amended by adding 
at the end the following new paragraph: 
‘‘(7) INFRASTRUCTURE
REVENUE
BOND
PRO-
CEEDS.—There are hereby appropriated to the 
Highway Trust Fund amounts equivalent to 95 per-
cent of any proceeds from the issuance of infrastruc-
ture revenue bonds under section 3102A of title 31, 
United States Code.’’. 
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(b) CLERICAL AMENDMENT.—The heading for sub-
section (b) of section 9503 of such Code is amended by 
striking ‘‘TAXES AND PENALTIES’’ and inserting ‘‘TAXES, 
PENALTIES, AND BOND PROCEEDS’’. 
SEC. 603. FIVE PERCENT OF BOND PROCEEDS FOR STATE 
REVOLVING LOAN FUNDS FOR WASTEWATER 
TREATMENT 
FACILITIES 
AND 
DRINKING 
WATER FACILITIES. 
(a) 
WASTEWATER
TREATMENT
FACILITIES.— 
Amounts equivalent to 2.5 percent of any proceeds from 
the issuance of infrastructure revenue bonds under section 
3102A of title 31, United States Code, shall be made 
available to the Administrator of the Environmental Pro-
tection Agency for making capitalization grants to eligible 
States under title VI of the Federal Water Pollution Con-
trol Act (33 U.S.C. 1381 et seq.). 
(b) DRINKING WATER FACILITIES.—Amounts equiv-
alent to 2.5 percent of any proceeds from the issuance of 
infrastructure revenue bonds under section 3102A of title 
31, United States Code, shall be made available to the 
Administrator of the Environmental Protection Agency for 
making capitalization grants to eligible States under sec-
tion 1452 of the Safe Drinking Water Act (42 U.S.C. 
300j–12). 
Æ 
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