POWER Counties Act

Bill: 114-hr-3357
Sponsor: full_name: Rep. Johnson, Bill [R-OH-6]
Introduced: 2015-07-29
Policy area: Energy
Subjects: Energy revenues and royalties

Oil and gas

State and local finance
Latest action: action_date: 2015-08-31
text: Referred to the Subcommittee on Energy and Mineral Resources.

Summaries:
action_date: 2015-07-29
action_desc: Introduced in House
text: <p><strong>Providing Opportunity with Energy Revenues in Counties Act or the POWER Counties Act</strong></p> <p>This bill amends the Mineral Leasing Act to: (1) change from 40% to 20% the percentage of money received from sales, bonuses, royalties including interest charges collected under the Federal Oil and Gas Royalty Management Act of 1982 that is to be paid into the reclamation fund created by the Reclamation Act; and (2) require 20% of such money to be paid to the county within the boundaries of which the leased lands or deposits are or were located and used by such county for its schools and roads. </p>

tv_txt: I 114th CONGRESS 1st Session H. R. 3357 IN THE HOUSE OF REPRESENTATIVES July 29, 2015 Mr. Johnson of Ohio introduced the following bill; which was referred to the Committee on Natural Resources A BILL To amend the Mineral Leasing Act to require payment to counties of a portion of revenues received by the United States under Federal oil and gas leases.

1. Short title This Act may be cited as the Providing Opportunity with Energy Revenues in Counties Act or the POWER Counties Act . 2. Payment to counties of portion of revenues received by the United States under Federal oil and gas leases Section 35(a) of the Mineral Leasing Act ( 30 U.S.C. 191(a) ) is amended— (1) by striking 40 per centum thereof and inserting 40 per centum thereof in the case of rentals of public lands under the Geothermal Steam Act of 1970, and 20 per centum thereof in the case of all other such money, ; and (2) by inserting after June 17, 1902 the following: , 20 per centum thereof, other than rentals of public lands under the Geothermal Steam Act of 1970, shall be paid to the county within the boundaries of which the leased lands or deposits are or were located and used by such county for its schools and roads .