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H.R. 3357 (114th): POWER Counties Act

The text of the bill below is as of Jul 29, 2015 (Introduced).


I

114th CONGRESS

1st Session

H. R. 3357

IN THE HOUSE OF REPRESENTATIVES

July 29, 2015

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.