State Mineral Revenue Protection Act of 2019
- Last Action
- 2/22/2019
Actions
- 2019-02-22Referred to the Subcommittee on Energy and Mineral Resources.
- 2019-02-06Referred to the House Committee on Natural Resources.
- 2019-02-06Introduced in House
- 2019-02-06Introduced in House
CRS Summary
As of 2019-02-06 (00)
State Mineral Revenue Protection Act of 2019
This bill increases the percentage that states receive from sales, bonuses, royalties, and rentals for all public land or mineral deposits located in the states by eliminating administrative costs that are deducted from the share allocated to states under current law.
The bill eliminates the 2% fee that the federal government currently deducts from a state's share to cover administrative or other costs.
On request of a state, the Department of the Interior must convey to the state a property interest in the state's share of royalties and other payments from public land or mineral deposits located in the state. Interior must provide prompt notice of any such conveyance and the duty of the leaseholder to make direct payments to the state.
Subjects
- Energy revenues and royalties
- Intergovernmental relations
- Mining
- Oil and gas
- State and local finance
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.