POWER Counties Act

Bill: 115-hr-3846
Sponsor: full_name: Rep. Johnson, Bill [R-OH-6]
Introduced: 2017-09-27
Policy area: Energy
Subjects: Energy revenues and royalties

Oil and gas

State and local finance
Latest action: action_date: 2018-04-18
text: Subcommittee Hearings Held.

Summaries:
action_date: 2017-09-27
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 may be used by such county for its schools and roads. </p>

tv_txt: I 115th CONGRESS 1st Session H. R. 3846 IN THE HOUSE OF REPRESENTATIVES September 27, 2017 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 certain revenues received by the United States under Federal oil and gas leases, and for other purposes.

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 certain revenues received by the United States under Federal oil and gas leases (a) In general Section 35(a) of the Mineral Leasing Act ( 30 U.S.C. 191(a) ) is amended— (1) by striking 40 per centum and inserting 20 per centum ; and (2) by inserting , and 20 per centum thereof shall be paid to the county within the boundaries of which the leased lands or deposits are or were located and may be used by such county for its schools and roads after June 17, 1902 . (b) Conforming amendment Section 35(a) of the Mineral Leasing Act ( 30 U.S.C. 191(a) ) is amended by striking and the Geothermal Steam Act of 1970, .