(2)
by adding at the end the following:
“(b) Distribution of revenue to producing States
“(1) Definitions—In this subsection:
“(A) Covered planning area
“(i) In general—Subject to clause (ii), the term covered planning area means each of the following planning areas, as such planning areas are generally depicted in the later of the 2017–2022 Outer Continental Shelf Oil and Gas Leasing Proposed Final Program, dated November 2016, or a subsequent oil and gas leasing program developed under section 18 of the Outer Continental Shelf Lands Act (43 U.S.C. 1344):
“(I) Mid-Atlantic.
“(II) South Atlantic.
“(III) Any planning area located off the coast of Alaska.
“(ii) Exclusions—The term covered planning area does not include any area in the Atlantic—
“(I) north of the southernmost lateral seaward administrative boundary of the State of Maryland; or
“(II) south of the northernmost lateral seaward administrative boundary of the State of Florida.
“(B) Producing State—The term producing State means each of the following States:
“(i) Virginia.
“(ii) North Carolina.
“(iii) South Carolina.
“(iv) Georgia.
“(v) Alaska.
“(C) Qualified revenues
“(i) In general—The term qualified revenues means revenues derived from rentals, royalties, bonus bids, and other sums due and payable to the United States under oil and gas leases entered into on or after the date of the enactment of this Act for an area in a covered planning area.
“(ii) Exclusions—The term qualified revenues does not include—
“(I) revenues from the forfeiture of a bond or other surety securing obligations other than royalties, civil penalties, or royalties taken by the Secretary in-kind and not sold;
“(II) revenues generated from leases subject to section 8(g); and
“(III) the portion of rental revenues in excess of those that would have been collected at the rental rates in effect before August 5, 1993.
“(2) Deposit of qualified revenues
“(A) Phase I—With respect to qualified revenues under leases awarded under the first leasing program approved under section 18(a) that takes effect after the date of the enactment of this section, the Secretary of the Treasury shall deposit or allocate, as applicable—
“(i) 87.5 percent into the general fund of the Treasury; and
“(ii) 12.5 percent to States in accordance with paragraph (3).
“(B) Phase II—With respect to qualified revenues under leases awarded under the second leasing program approved under section 18(a) that takes effect after the date of the enactment of this section, the Secretary of the Treasury shall deposit or allocate, as applicable—
“(i) 75 percent into the general fund of the Treasury; and
“(ii) 25 percent to States in accordance with paragraph (3).
“(C) Phase III—With respect to qualified revenues under leases awarded under the third leasing program approved under section 18(a) that takes effect after the date of the enactment of this section and under any such leasing program subsequent to such third leasing program, the Secretary of the Treasury shall deposit or allocate, as applicable—
“(i) 50 percent into the general fund of the Treasury; and
“(ii) 50 percent into a special account in the Treasury from which the Secretary of the Treasury shall disburse—
“(I) 75 percent to States in accordance with paragraph (3); and
“(II) 25 percent to the Secretary of the Interior for units of the National Park System.
“(3) Allocation to producing States
“(A) In general—Subject to subparagraphs (B) and (C), the Secretary of the Treasury shall allocate the qualified revenues distributed to States under paragraph (2) to each producing State in an amount based on a formula established by the Secretary of the Interior, by regulation, that—
“(i) is inversely proportional to the respective distances between—
“(I) the point on the coastline of the producing State that is closest to the geographical center of the applicable leased tract; and
“(II) the geographical center of that leased tract;
“(ii) does not allocate qualified revenues to any producing State that is further than 200 nautical miles from the leased tract; and
“(iii) allocates not less than 10 percent of qualified revenues to each producing State that is 200 or fewer nautical miles from the leased tract.
“(B) Payments to noncontiguous coastal States
“(i) In general—With respect to each producing State that is a noncontiguous coastal State, the Secretary of the Treasury shall pay 20 percent of the allocable share of such State determined under this paragraph to the coastal political subdivisions of such State.
“(ii) Allocation—The amount paid by the Secretary of the Treasury to coastal political subdivisions under this subparagraph shall be allocated to each coastal political subdivision in accordance with subparagraphs (B) and (E) of section 31(b)(4).
“(iii) Definition of coastal political subdivision—In this subparagraph, the term coastal political subdivision means—
“(I) a county-equivalent subdivision of a State for which—
“(aa) all or part lies within the coastal zone of the State (as defined in section 304 of the Coastal Zone Management Act of 1972 (16 U.S.C. 1453)); and
“(bb) the closest coastal point is not more than 200 nautical miles from the geographical center of any leased tract on the outer Continental Shelf; or
“(II) a municipal subdivision of a State for which—
“(aa) the closest point is more than 200 nautical miles from the geographical center of a leased tract on the outer Continental Shelf; and
“(bb) the State has determined to be a significant staging area for oil and gas servicing, supply vessels, operations, suppliers, or workers.
“(C) Payments to contiguous coastal States
“(i) In general—With respect to each producing State that is a contiguous coastal State, the Secretary of the Treasury shall pay—
“(I) 50 percent of the allocable share of such State determined under this paragraph to the State treasury to be used by the State in accordance with clause (ii);
“(II) 25 percent of the allocable share of such State determined under this paragraph to coastal towns; and
“(III) 25 percent of the allocable share of such State determined under this paragraph to coastal counties.
“(ii) Use of funds—Funds received by a producing State under clause (i)(I) shall be used by such State—
“(I) to enhance State land and water conservation efforts, particularly in inlets, waterways, and beaches;
“(II) for the purposes of beach nourishment and coastline enhancements;
“(III) for the protection of coastal wildlife;
“(IV) to support estuary health and aquaculture management;
“(V) for dredging and port infrastructure development;
“(VI) grants to support the geological and geophysical sciences or petroleum engineering programs or departments at institutions of higher education (as such term is defined in section 101 of the Higher Education Act of 1965 (20 U.S.C. 1001)) that are accredited by the Accreditation Board for Engineering and Technology and located within the producing State; or
“(VII) for any other purpose that enhances coastal communities, as determined by the Governor of the producing State.
“(iii) Definition of coastal town—In this subparagraph, the term coastal town means an economic and residential center not more than 20 miles from the coast of the producing State.
“(4) Administration—Amounts made available under paragraph (2)(B) shall—
“(A) be made available, without further appropriation, in accordance with this subsection;
“(B) remain available until expended;
“(C) be in addition to any amounts appropriated under—
“(i) chapter 2003 of title 54, United States Code;
“(ii) any other provision of this Act; and
“(iii) any other provision of law; and
“(D) be made available during the fiscal year immediately following the fiscal year in which such amounts were received.”