Energy Resources Area Development Act

[AI summary unavailable — showing source text] Energy Resources Area Development Act - States the findings of Congress including that: (1) development of our domestic energy resources such as coal, oil shale, and tar sands is of much importance to the Nation; and (2) the Federal Government should provide assistance for economic and social readjustment where development of these mineral resources proves to be economically unattractive or environmentally prohibitive. Provides for a minimum royalties payments to the Federal Government for shale oil produced on Federal lands. Establishes in the Treasury of the United States an Energy Resources Area Impact Fund. States that moneys paid into the fund shall be available for expenditures to provide loans and grants to States, counties, multicounty districts, and units of general purpose local governments for the purposes of: (1) the planning, acquisition, construction, reconstruction, or installation of public works, and improvements, including neighborhood facilities, street lights, solid waste collection and disposal facilities, water purification, health care facilities, and other facilities needed for the provision of necessary social services; (2) the operation of such facilities …