State Mineral Revenue Protection Act

Bill: 114-s-500
Sponsor: full_name: Sen. Enzi, Michael B. [R-WY]
Introduced: 2015-02-12
Policy area: Energy
Subjects: Energy revenues and royalties

Intergovernmental relations

Mining

Oil and gas

State and local finance
Latest action: action_date: 2015-02-12
text: Read twice and referred to the Committee on Energy and Natural Resources.

Summaries:
action_date: 2015-02-12
action_desc: Introduced in Senate
text: <p><b>State Mineral Revenue Protection Act</b></p> <p> Amends the Mineral Leasing Act to direct the Secretary of the Interior, on the request of a state (other than Alaska) and in lieu of any payments to the state under the Federal Oil and Gas Royalty Management Act of 1982 (FOGRMA), to convey to the state all right, title, and interest in and to the percentage specified in the FOGRMA for that state of all amounts otherwise required to be paid into the Treasury from sales, bonuses, royalties (including interest charges), and rentals for all public land or deposits located in the state. (Current law requires payment to a state of 50% of all money derived from such sales, bonuses, royalties, and rentals.)</p> <p>Requires any person, after a conveyance under this Act, to pay directly to the state any amount the person owes for which the right, title, and interest has been conveyed to the state.</p> <p>Requires the Secretary to provide prompt notice of any such conveyance, and the duty to make direct payments to the state involved, to each holder of a lease of public land to which this Act applies.</p>

tv_txt: II 114th CONGRESS 1st Session S. 500 IN THE SENATE OF THE UNITED STATES February 12, 2015 Mr. Enzi (for himself, Mr. Udall , Mr. Barrasso , Mr. Lee , and Mr. Hatch ) introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To amend the Mineral Leasing Act to require the Secretary of the Interior to convey to a State all right, title, and interest in and to a percentage of the amount of royalties and other amounts required to be paid to the State under that Act with respect to public land and deposits in the State, and for other purposes.

1. Short title This Act may be cited as the State Mineral Revenue Protection Act . 2. Conveyance to States of property interest in State share of royalties and other payments Section 35 of the Mineral Leasing Act ( 30 U.S.C. 191 ) is amended— (1) in the first sentence of subsection (a), by striking shall be paid into the Treasury and inserting shall, except as provided in subsection (d), be paid into the Treasury ; (2) in subsection (c)(1), by inserting and except as provided in subsection (d) before , any rentals ; and (3) by adding at the end the following: (d) Conveyance to States of property interest in State share (1) In general Notwithstanding any other provision of law, on request of a State and in lieu of any payments to the State under subsection (a), the Secretary of the Interior shall convey to the State all right, title, and interest in and to the percentage specified in that subsection for that State of all amounts otherwise required to be paid into the Treasury under that subsection from sales, bonuses, royalties (including interest charges), and rentals for all public land or deposits located in the State. (2) Amount Notwithstanding any other provision of law, after a conveyance to a State under paragraph (1), any person shall pay directly to the State any amount owed by the person for which the right, title, and interest has been conveyed to the State under this subsection. (3) Notice The Secretary of the Interior shall promptly provide to each holder of a lease of public land to which subsection (a) applies that are located in a State to which right, title, and interest is conveyed under this subsection notice that— (A) the Secretary of the Interior has conveyed to the State all right, title, and interest in and to the amounts referred to in paragraph (1); and (B) the leaseholder is required to pay the amounts directly to the State. .