S 205 · 112th Congress · Energy

Alaska Adjacent Zone Safe Oil Transport and Revenue Sharing Act

Introduced 2011-01-26· Sponsored by Sen. Begich, Mark [D-AK]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Energy and Natural Resources.(2011-01-26)

Plain Language Summary

[AI summary unavailable — showing source text] Alaska Adjacent Zone Safe Oil Transport and Revenue Sharing Act - Amends the Outer Continental Shelf Lands Act (OCSLA) to direct the Secretary of the Interior to: (1) require oil produced from federal leases in certain Arctic waters, except in preproduction phases (including explorations), to be transported by pipeline to onshore facilities; and (2) provide for, and issue appropriate permits for, the transportation of oil from such leases in preproduction phases (including exploration) by means other than pipeline. Requires that the state of Alaska receive 37.5% of: (1) any bonus bid paid for leasing rights for any area in the Alaska Adjacent Zone; and (2) specified post-leasing revenues including lease rental payments and lease royalty payments, as well as royalty proceeds from a sale of royalties taken in kind. Sets forth an allocation scheme under which the Secretary of the Interior is directed to pay: (1) 20% of any allocable state share directly to coastal political subdivisions, (2) 33% of any allocable state share to certain Regional Corporations, and (3) 7% of any allocable state share directly to Indian tribes. Instructs the Secretary to distribute 6.25% of certain federal…

Summarized by Claude AI · Non-partisan · For informational purposes only