To amend the Mineral Leasing Act to require payment to counties of a portion of certain revenues received by the United States under Federal oil and gas leases, and for other purposes.
Providing Opportunity with Energy Revenues in Counties Act or the POWER Counties Act
This bill amends the Mineral Leasing Act to: (1) change from 40% to 20% the percentage of money received from sales, bonuses, royalties including interest charges collected under the Federal Oil and Gas Royalty Management Act of 1982 that is to be paid into the reclamation fund created by the Reclamation Act; and (2) require 20% of such money to be paid to the county within the boundaries of which the leased lands or deposits are or were located and may be used by such county for its schools and roads.
Introduced in House
Introduced in House
Referred to the House Committee on Natural Resources.
Referred to the Subcommittee on Energy and Mineral Resources.
Subcommittee Hearings Held.
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