Title I — Outer Continental Shelf leasing
I Outer Continental Shelf leasing
Sec. 102 Lease sales
Sec. 103 Applications for permits to drill
“(k) Applications for permits To drill
“(1) In general—Subject to paragraph (2), the Secretary shall approve or disapprove an application for a permit to drill submitted under this Act not later than 20 days after the date the application is submitted to the Secretary.
“(2) Disapproval—If the Secretary disapproves an application for a permit to drill submitted under paragraph (1), the Secretary shall—
“(A) provide to the applicant a description of the reasons for the disapproval of the application;
“(B) allow the applicant to resubmit an application during the 10-day period beginning on the date of the receipt of the description by the applicant; and
“(C) approve or disapprove any resubmitted application not later than 10 days after the date the application is submitted to the Secretary.”
Sec. 104 Lease sales for certain areas
Sec. 105 Disposition of revenues
“(5) Coastal State—The term coastal State means a State with a coastal seaward boundary within 200 nautical miles distance of the geographical center of a leased tract in—
“(A) an outer Continental Shelf area in the Gulf of Mexico OCS Region State Adjacent Zones and OCS Planning Areas; and
“(B) effective for fiscal year 2024 and each fiscal year thereafter, an outer Continental Shelf area in any OCS Region State Adjacent Zones and OCS Planning Areas.”
“(A) In general—The term qualified outer Continental Shelf revenues means all rentals, royalties, bonus bids, and other sums due and payable to the United States from leases entered into on or after—
“(i) December 20, 2006, with respect to coastal States located in the Gulf of Mexico OCS Region; or
“(ii) October 1, 2023, with respect to coastal States located in—
“(I) the Atlantic OCS Region;
“(II) the Pacific OCS Region; or
“(III) the Alaska OCS Region.”
“(B) 25 percent—
“(i) of the qualified outer Continental Shelf revenues described in section 102(10)(A)(i)—
“(I) to provide financial assistance to States in accordance with section 6 of the Land and Water Conservation Fund Act of 1965 (16 U.S.C. 460l–8), which shall be considered to be income to the Land and Water Conservation Fund for purposes of section 2 of that Act (16 U.S.C. 460l–5), to a maximum amount of $125,000,000; and
“(II) for any amounts in excess of the amount described in subclause (I), to the Highway Trust Fund (other than the Mass Transit Account); and
“(ii) beginning in fiscal year 2024, of the qualified outer Continental Shelf revenues described in section 102(10)(A)(ii), to the Highway Trust Fund (other than the Mass Transit Account).”
“(3) Allocation among coastal States for fiscal year 2024 and thereafter
“(A) In general—Subject to subparagraph (B), effective for fiscal years 2024 and each fiscal year thereafter, the amount made available under subsection (a)(2)(A) shall be allocated to each coastal State in amounts (based on a formula established by the Secretary by regulation) that are inversely proportional to the respective distances between the point on the coastline of each coastal State that is closest to the geographic center of the applicable leased tract and the geographic center of the leased tract.
“(B) Minimum allocation—The amount allocated to a coastal State each fiscal year under subparagraph (A) shall be at least 10 percent of the amounts available under subsection (a)(2)(A).”
“(1) In general—Subject to paragraph (2), the total amount of qualified outer Continental Shelf revenues made available under subsection (a)(2) shall not exceed—
“(A) in the case of an outer Continental Shelf area in the Gulf of Mexico OCS Region State Adjacent Zones and OCS Planning Areas—
“(i) $1,000,000,000 for each of fiscal years 2017 through 2024; and
“(ii) $2,000,000,000 for each of fiscal years 2025 through 2055; and
“(B) in the case of an outer Continental Shelf area in OCS Region State Adjacent Zones and OCS Planning Areas other than the Zones and Areas described in subparagraph (A), for each of fiscal years 2024 through 2055, $500,000,000 for each such area located in—
“(i) the Atlantic OCS Region;
“(ii) the Pacific OCS Region; or
“(iii) the Alaska OCS Region.”