Distribution of Revenues From the Extraction of Marine Resources Act of 1985

[AI summary unavailable — showing source text] Distribution of Revenues From the Extraction of Marine Resources Act of 1985 - Amends the Outer Continental Shelf Lands Act to add certain findings and purposes and revise certain definitions. Requires the Secretary of the Interior to distribute specified sums to specified coastal States (including Texas, Louisiana, California, Alaska, Alabama, Mississippi, and Florida) in full satisfaction, upon such States' acceptance of such payment, of each State's claims arising from Federal leasing of submerged lands within each State's contiguous coastal area (the area within three nautical miles of the coastal State). Directs the Secretary to place 27 percent of the bonuses and rents from specified leasing off the coast of Alaska in escrow until such time as the dispute over Alaska's seaward boundary is resolved. Provides that Alaska shall then receive that portion of this amount attributable to its contiguous coastal area. Repeals a specified subsection of the Act which provides for the leasing of lands within three miles of the seaward boundaries of coastal States. Requires that after April 1, 1985, 27 percent of all bonuses and rents from leases executed by the Secretary after September …