Energy Revenue and Development Act

[AI summary unavailable — showing source text] Energy Revenue and Development Act - Title I: Energy Trust Fund; Outer Continental Shelf Revenues Energy Trust Fund - Establishes the Energy Trust Fund and authorizes the transfer to it of specified rentals, royalties, or other sums paid to the Secretary of the Navy in connection with leases on the Outer Continental Shelf made between June 5, 1950 and enactment of this Act. Authorizes such additional appropriations to the Fund as may be necessary under this Act. Directs the Federal Energy Administration (FEA) to develop and direct a program of energy research, development, utilization, and conservation. Authorizes the FEA to enter into contracts with persons for exploration, development, and production of energy resources. Authorizes the FEA to guarantee loans for such purposes. Allows the FEA to purchase, at cost plus a reasonable profit, energy produced from such contractual arrangements. Authorizes the FEA to make monetary awards to persons and institutions for scientific contributions to the FEA's energy activities. Authorizes appropriations from the Energy Trust Fund to carry out this Act. Requires the payment to the States of 60 percent of the first $50,000,000 (and thereafte…