Energy Resource Development Act of 2008

[AI summary unavailable — showing source text] Energy Resource Development Act of 2008 - Revokes the Memorandum on Withdrawal of Certain Areas of the United States Outer Continental Shelf from Leasing Disposition. Amends the Outer Continental Shelf Lands Act to: (1) authorize the governors of affected states to accept, provide a counterproposal to, or veto the Secretary of the Interior's (Secretary's) proposed lease sales or development and production plans of certain coastal areas; (2) direct the Secretary to conduct an approved lease sale for a new producing area; and (3) direct the Secretary of the Treasury to deposit revenues from the disposition of new producing areas in specified funds. Directs the Secretary to allocate revenues to new producing states and coastal political subdivisions for: (1) coastal protection; (2) mitigation of damage to fish, wildlife, or natural resources; (3) marine, coastal, or comprehensive conservation management plans; (4) mitigation of the impact of outer Continental Shelf activities through the funding of onshore projects; and (5) planning assistance and administrative costs for complying with this Act. Establishes in the Treasury the Energy Independence Trust Fund and provides for expenditu…