Section 1 Short title
This Act may be cited as the “State Mineral Revenue Protection Act”.
State Mineral Revenue Protection Act
A BILL
To amend the Mineral Leasing Act to require the Secretary of the Interior to convey to a State all right, title, and interest in and to a percentage of the amount of royalties and other amounts required to be paid to the State under that Act with respect to public land and deposits in the State, and for other purposes.
Sec. 2 Conveyance to States of property interest in State share of royalties and other payments
Section 35 of the Mineral Leasing Act (30 U.S.C. 191) is amended—
in the first sentence of subsection (a), by striking “shall be paid into the Treasury” and inserting “shall, except as provided in subsection (d), be paid into the Treasury”;
in subsection (c)(1), by inserting “and except as provided in subsection (d)” before “, any rentals”; and
by adding at the end the following:
“(d) Conveyance to States of property interest in State share
“(1) In general—Notwithstanding any other provision of law, on request of a State and in lieu of any payments to the State under subsection (a), the Secretary of the Interior shall convey to the State all right, title, and interest in and to the percentage specified in that subsection for that State of all amounts otherwise required to be paid into the Treasury under that subsection from sales, bonuses, royalties (including interest charges), and rentals for all public land or deposits located in the State.
“(2) Amount—Notwithstanding any other provision of law, after a conveyance to a State under paragraph (1), any person shall pay directly to the State any amount owed by the person for which the right, title, and interest has been conveyed to the State under this subsection.
“(3) Notice—The Secretary of the Interior shall promptly provide to each holder of a lease of public land to which subsection (a) applies that are located in a State to which right, title, and interest is conveyed under this subsection notice that—
“(A) the Secretary of the Interior has conveyed to the State all right, title, and interest in and to the amounts referred to in paragraph (1); and
“(B) the leaseholder is required to pay the amounts directly to the State.”