summary
Introduced
01/24/2019
01/24/2019
In Committee
02/12/2019
02/12/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Mineral Leasing Act to require that a portion of revenues from new Federal mineral and geothermal leases be paid to States for use to supplement the education of students in kindergarten through grade 12 and public support of institutions of higher education, and for other purposes. This bill requires excess revenue from new mineral and geothermal leases to be provided to the counties in which the revenue is generated to supplement the education of students in kindergarten through grade 12 and to supplement public support of institutions of higher education. The bill applies to revenue from new leases that are in excess of the Congressional Budget Office's estimated revenue for the leases in the prior fiscal year.
AI Summary
This bill requires excess revenue from new mineral and geothermal leases on federal lands to be provided to the counties in which the revenue is generated to supplement the education of students in kindergarten through grade 12 and to supplement public support of institutions of higher education. Specifically, the bill requires the Secretary to pay 33% of the excess revenue to the county where the minerals or geothermal resources were extracted, and 17% of the excess revenue to the states in equal amounts, for these educational purposes. The bill applies only to revenue from new leases that exceeds the Congressional Budget Office's estimated revenue for those leases in the prior fiscal year, and excludes amounts required to be paid into the reclamation fund.
Committee Categories
Agriculture and Natural Resources
Sponsors (2)
Last Action
Referred to the Subcommittee on Energy and Mineral Resources. (on 02/12/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/786/all-info |
| BillText | https://www.congress.gov/116/bills/hr786/BILLS-116hr786ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr786/BILLS-116hr786ih.pdf.pdf |
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