(i) to furnish a reclamation bond or 
other form of security determined to be ap-
propriate by the Secretary; 
(ii) on completion of the activities au-
thorized by the lease— 
(I) to restore the Federal land 
that is subject to the lease to the con-
dition in which the Federal land ex-
isted before the lease was granted; or 
(II) to conduct mitigation activi-
ties if restoration of the land to the 
condition described in subclause (I) is 
impracticable; and 
(iii) to comply with such other re-
quirements as the Secretary considers nec-
essary to protect the interests of the public 
and the United States; and 
(C)(i) establish best management practices 
to ensure the sound, efficient, and environ-
mentally responsible development of solar re-
sources on the Federal land in a manner that 
would avoid, minimize, and mitigate actual and 
anticipated impacts to habitat and ecosystem 
function resulting from the development; and 
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(ii) include provisions in the lease requiring 
renewable energy operators to comply with the 
practices established under clause (i). 
(d) ROYALTIES.— 
(1) IN GENERAL.—The Secretary shall establish 
royalties, fees, rentals, bonuses, and any other pay-
ments the Secretary determines to be appropriate to 
ensure a fair return to the United States for any 
lease issued under this section. 
(2) RATE.—Any lease issued under this section 
shall require the payment of a royalty established by 
the Secretary by regulation in an amount that is 
equal to a percentage of the gross proceeds from the 
sale of electricity at a rate that— 
(A) encourages production of solar energy; 
(B) ensures a fair return to the public 
comparable to the return that would be ob-
tained on State and private land; and 
(C) encourages the maximum energy gen-
eration practicable using the least amount of 
land and other natural resources, including 
water. 
(3) ROYALTY RELIEF.—To promote the max-
imum generation of renewable energy, the Secretary 
may provide that no royalty or a reduced royalty is 
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required under a lease for a period not to exceed 5 
years beginning on the date on which generation is 
initially commenced on the Federal land subject to 
the lease. 
(4) DISPOSITION OF PROCEEDS.— 
(A) IN
GENERAL.—Of the amounts col-
lected as royalties, fees, rentals, bonuses, or 
other payments under a lease issued under this 
section— 
(i) 25 percent shall be paid by the 
Secretary of the Treasury to the State 
within the boundaries of which the income 
is derived; 
(ii) 25 percent shall be paid by the 
Secretary of the Treasury to the 1 or more 
counties within the boundaries of which 
the income is derived; 
(iii) 15 percent shall— 
(I) for the period beginning on 
the date of enactment of this Act and 
ending on the date specified in sub-
clause (II), be deposited in the Treas-
ury of the United States to help facili-
tate the processing of renewable en-
ergy permits by the Bureau of Land 
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Management in the State, subject to 
subparagraph (B)(i)(I); and 
(II) beginning on the date that is 
10 years after the date of enactment 
of this Act, be deposited in the Fund; 
and 
(iv) 35 percent shall be deposited in 
the Fund. 
(B) LIMITATIONS.— 
(i) RENEWABLE ENERGY PERMITS.— 
For purposes of subclause (I) of subpara-
graph (A)(iii)— 
(I) not more than $10,000,000 
shall be deposited in the Treasury at 
any 1 time under that subclause; and 
(II) the following shall be depos-
ited in the Fund: 
(aa) Any amounts collected 
under that subclause that are not 
obligated by the date specified in 
subparagraph (A)(iii)(II). 
(bb) Any amounts that ex-
ceed the $10,000,000 deposit 
limit under subclause (I). 
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(ii) FUND.—Any amounts deposited 
in the Fund under clause (i)(II) or sub-
paragraph (A)(iii)(II) shall be in addition 
to amounts deposited in the Fund under 
subparagraph (A)(iv). 
(5) RENEWABLE
ENERGY
MITIGATION
AND 
FISH AND WILDLIFE FUND.— 
(A) ESTABLISHMENT.—There is estab-
lished in the Treasury of the United States a 
fund, to be known as the ‘‘Renewable Energy 
Mitigation and Fish and Wildlife Fund’’, to be 
administered by the Secretary, for use in the 
State. 
(B) USE
OF
FUNDS.—Amounts in the 
Fund shall be available to the Secretary, who 
may make the amounts available to the State or 
other interested parties for the purposes of— 
(i) mitigating impacts of renewable 
energy on public land, with priority given 
to land affected by the solar development 
zones designated under this Act, includ-
ing— 
(I) protecting wildlife corridors 
and other sensitive land; and 
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(II) fish and wildlife habitat res-
toration; and 
(ii) carrying out activities authorized 
under the Land and Water Conservation 
Fund Act of 1965 (16 U.S.C. 460l–4 et 
seq.) in the State. 
(C) 
AVAILABILITY
OF
AMOUNTS.— 
Amounts in the Fund shall be available for ex-
penditure, in accordance with this paragraph, 
without further appropriation, and without fis-
cal year limitation. 
(D) INVESTMENT OF FUND.— 
(i) IN
GENERAL.—Any amounts de-
posited in the Fund shall earn interest in 
an amount determined by the Secretary of 
the Treasury on the basis of the current 
average market yield on outstanding mar-
ketable obligations of the United States of 
comparable maturities. 
(ii) USE.—Any interest earned under 
clause (i) may be expended in accordance 
with this paragraph. 
(e) PRIORITY DEVELOPMENT.— 
(1) IN GENERAL.—Within the County, the Sec-
retary shall give highest priority consideration to im-
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plementation of the solar lease sales provided for 
under this Act. 
(2) EVALUATION.—The Secretary shall evaluate 
other solar development proposals in the County not 
provided for under this Act in consultation with the 
State, County, and other interested stakeholders. 
Æ 
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