Section 1 Short title
This Act may be cited as the “Providing Opportunity with Energy Revenues in Counties Act” or the “POWER Counties Act”.
Providing Opportunity with Energy Revenues in Counties Act
A BILL
To amend the Mineral Leasing Act to require payment to counties of a portion of revenues received by the United States under Federal oil and gas leases.
Sec. 2 Payment to counties of portion of revenues received by the United States under Federal oil and gas leases
Section 35(a) of the Mineral Leasing Act (30 U.S.C. 191(a)) is amended—
by striking “40 per centum thereof” and inserting “40 per centum thereof in the case of rentals of public lands under the Geothermal Steam Act of 1970, and 20 per centum thereof in the case of all other such money,”; and
by inserting after “June 17, 1902” the following: “, 20 per centum thereof, other than rentals of public lands under the Geothermal Steam Act of 1970, shall be paid to the county within the boundaries of which the leased lands or deposits are or were located and used by such county for its schools and roads”.