Page:United States Statutes at Large Volume 100 Part 1.djvu/186

 100 STAT. 150

PUBLIC LAW 99-272—APR. 7, 1986

"(B) This paragraph applies to all Federal oil and gas lease sales, under this Act, including joint lease sales, occurring after September 18, 1978. "(6) This section shall be deemed to take effect on October 1, 1985, for purposes of determining the amounts to be deposited in the separate account and the States' shares described in paragraph (2). "(7) When the Secretary leases any tract which lies wholly or partially within three miles of the seaward boundary of two or more States, the revenues from such tract shall be distributed as otherwise provided by this section, except that the State's share of such revenues that would otherwise result under this section shall be divided equally among such States.". 43 USC 1337

SEC. 8004. DISTRIBUTION OF SECTION 8(g) ACCOUNT.

State and local governments.

(a) Prior to April 15, 1986, the Secretary shall distribute to the designated coastal States the sum of— (1) the amounts due and payable to each such State under paragraph (2) of section 8(g) of the Outer Continental Shelf Lands Act, as amended by this title, for the period between October 1, 1985, and the date of such distribution, and (2) the amounts due each such State under subsection (b)(l)(A) of this section for the period prior to October 1, 1985. (b)(1) As a fair and equitable disposition of all revenues (including interest thereon) derived from any lease of Federal lands wholly or partially within 3 miles of the seaward boundary of a coastal State prior to October 1, 1985, the Secretary shall distribute: (A) from the funds which were deposited in the separate account in the Treasury of the United States under section 8(g)(4) of the Outer Continental Shelf Lands Act (43 U.S.C. 1337(g)(4)) which was in effect prior to the date of enactment of section 8003 of this title the following sums:

Ante, p. 148.

ijg^«j ^ -^ >^ i •

43 USC 1301 ^°^-

Louisiana Texas California Alabama Alaska Mississippi Florida

($ million) 572 382 338 66 51 14 0.03

as well as 27 percent of the royalties, derived from any lease of Federal lands, which have been deposited through September 30, 1985, in the separate account described in this paragraph and interest thereon accrued through September 30, 1985, and shall transmit any remaining amounts to the miscellaneous receipts account of the Treasury of the United States; and (B) from revenues derived from any lease of Federal lands under the Outer Continental Shelf Lands Act, as amended, prior to April 15 of each of the fifteen fiscal years following the fiscal year in which this title is enacted, 3 percent of the following sums in each of the five fiscal years following the date of enactment of this Act, 7 percent of such sums in each of the next five fiscal years, and 10 percent of such sums in each of the following five fiscal years: Louisiana

($ million) 84

Texas

t

n Ay/

134

California Alabama Alaska Mississippi

289 7 134 2.

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