S. 3147 would authorize the State of Virginia to petition for authorization to conduct natural gas exploration and drilling activities in the coastal zone of the State.

== Detailed Summary ==

<summary>
(LogAmends the Outer Continental Shelf Lands Act to authorize the governor of Virginia to petition the Secretary of the Interior for authorization to conduct natural gas exploration and extraction activities in any area that is at least 50 miles beyond the state's coastal zone.

Requires the Secretary of the Treasury to deposit into a Clean Energy Fund of 50% of all rentals, royalties, bonus bids, and other sums due and payable to edit the wikiUnited States from leases entered into under this Act for natural gas exploration and beextraction activities. Requires deposit of the firstother 50% into a special account in the Treasury from which the Secretary shall disburse: (1) 75% to the state; (2) 12.5% to provide financial assistance to states in accordance with the Land and Water Conservation Fund Act of 1965; and (3) 12.5% to a detailed summaryreserve fund to be used to mitigate for any environmental damage that occur as a result of the bill!)extraction activities authorized under this Act.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 6/18/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on Energy and Natural Resources.
</status>

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== Points in Favor ==

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== Points Against ==

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