Funding a Clean Energy Future By Bringing Lower Gas Prices for Americans Today Act of 2008

[AI summary unavailable — showing source text] Funding a Clean Energy Future By Bringing Lower Gas Prices for Americans Today Act of 2008 - Amends the Submerged Lands Act (SLA) regarding state seaward boundaries. Requires that extension and delineation of lateral offshore state boundaries follow the lines used to determine the Adjacent Zones of coastal states under the Outer Continental Shelf Lands Act (OCSLA) to the extent they extend twelve nautical miles from the nearest coastline. Exempts from SLA states' rights, authority, and requirements all oil and gas mineral rights for lands beneath navigable waters located within the expanded offshore state seaward boundaries established by this Act. States that such oil and gas mineral rights are: (1) part of the federal outer Continental Shelf (OCS) and remain federal property; and (2) subject to leasing under OCSLA, and under certain leasing laws governing the OCS. States that all existing federal oil and gas leases within such expanded offshore state seaward boundaries continue unchanged. Amends OCSLA to revise Adjacent Zones and planning areas in the OCS subsoil and seabed. Revises requirements and procedures governing: (1) natural gas lease administration; (2) lease grants; (3)…