Outer Continental Shelf Lands Act Amendments

[AI summary unavailable — showing source text] Outer Continental Shelf Lands Act Amendments - Expresses the findings of Congress, including that a portion of the revenues from operations on the Outer Continental Shelf lands shall go to the adjacent coastal States, in return for the efforts undertaken and the environmental risks incurred by these States in the development of Outer Continental Shelf petroleum resources. Provides for such disposition of revenues from leases on the Outer Continental Shelf among States. Provides for the conducting of a study to collect data on areas of the Outer Continental Shelf potentially available for exploitation of oil and gas resources, but not yet leased pursuant to this Act. Directs the Secretary of the Interior to (1) designate priority development areas in the submerged lands of the Outer Continental Shelf; and (2) designate areas of critical environmental concern, in which leasing shall be prohibited due to risk of environmental damage. Empowers the Secretary, after consultation with State and local officials and other interested persons in the affected area, to stipulate as a condition of entering into any lease that priority shall be given to meeting the needs of that area for oil and …