H.R. 5311, To amend title 10, United States Code, to provide for the transfer certain receipts derived from leases involving Oil Shale Reserves Numbered 1 and 3 to the State of Colorado, and for other purposes

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H.R. 5311 would amend title 10, United States Code, to provide for the transfer certain receipts derived from leases involving Oil Shale Reserves Numbered 1 and 3 to the State of Colorado.

Detailed Summary

Provides for the transfer from the Secretary of the Treasury to the state of Colorado of certain amounts derived from oil and gas development leases involving Oil Shale Reserves Numbered 1 and 3, to be used by Colorado for: (1) conservation, restoration, and protection of land, water, and wildlife resources affected by oil or gas development; (2) repair, maintenance, and construction of state and county roads in development-affected areas; and (3) capital improvement projects to address impacts of such development.

Status of the Legislation

Latest Major Action: 2/13/2008: Referred to House subcommittee. Status: Referred to the Subcommittee on Energy and Mineral Resources.

Points in Favor

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Points Against

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