H.R. 5807, The Oil Shale Reserve Fund Revenue Act

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 5807 would amend title 10, United States Code, to provide for the distribution of a share of certain mineral revenues.

Detailed Summary

Oil Shale Reserve Fund Revenue Act - Requires that any amounts received by the United States, beginning on November 18, 1997, and ending on the date of enactment of this Act, from a lease under provisions relating to certain oil shale reserves be deposited in the U.S. Treasury.

Requires that 50% of such amounts go to the Secretary of the Interior for the costs of all environmental restoration, waste management, and environmental compliance regarding the remediation of the land transferred under certain existing provisions, including the former Anvil Points oil shale facility in Colorado.

Requires that the remaining 50% go to Garfield, Rio Blanco, Moffat, and Mesa Counties, Colorado, to mitigate the effects of oil and gas development activities within the affected areas. Prohibits counting such funds in calculating payments for the counties under provisions relating to payment for entitlement land.

Status of the Legislation

Latest Major Action: 4/21/2008: 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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