,i #aac? ,,congress #a/ ,session ,h4 ,r4 #eif ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,febru>y #h1 #bjac ,mr4 ,gos> 7= himself1 ,mr4 ,?ompson ( ,cali=nia1 ,mr4 ,heck ( ,nevada1 ,mr4 ,polis1 ,mr4 ,tipton1 ,ms4 ,de,gette1 ,mr4 ,c(fman1 ,mr4 ,co/a1 ,mr4 ,d5ham1 ,mr4 ,blum5au]1 ,mr4 ,amodei1 ,mr4 ,de,fazio1 ,mr4 ,simpson1 ,mr4 ,b5 ,ray ,lujn ( ,new ,mexico1 ,mr4 ,s*weik]t1 & ,mrs4 ,kirkpatrick7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,natural ,res\rces1 & 9 addition to ! ,committee on ,agriculture1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to promote ! developm5t ( r5ewable en]gy on public l&s1 & = o!r purposes4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,public ,l&s ,r5ewable ,en]gy ,developm5t ,act ( #bjac4 7b7 ,table ( ,cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4 ,title ,i--,geo!rmal en]gy ,sec4 #aja4 ,ext5sion ( fund+ = implem5tation ( ,en]gy ,policy ,act ( #bjje4 ,title ,,ii--,developm5t ( w9d & sol> en]gy on c]ta9 ,f$]al l& ,sec4 #bja4 ,def9itions4 ,sec4 #bjb4 ,developm5t ( sol> & w9d en]gy on cov]$ l&4 ,sec4 #bjc4 ,royalties4 ,sec4 #bjd4 ,disposition ( royalty rev5ue4 ,sec4 #bje4 ,/udy & report on mitigation bank+4 ,i ,geo!rmal en]gy #aja4 ,ext5sion ( fund+ = implem5tation ( ,en]gy ,policy ,act ( #bjje 7a7 ,9 g5]al ,section #bcd7;a7 ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #aehgc7;a77 is am5d$ by /rik+ 9 ! fir/ #e fiscal ye>s beg9n+ aft] ! date ( enactm5t ( ?is ,act & ins]t+ ?r\gh fiscal ye> #bjbj4 7b7 ,au?orization ,section #bcd7;b7 ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #aehgc7;b77 is am5d$-- 7#a7 by /rik+ ,am\nts & ins]t+ ,effective = fiscal ye> #bjab & ea* fiscal ye> !reaft]1 am\nts2 & 7#b7 by /rik+ )\t fur!r appropriation & ins]t+ 9 su* am\nts z are provid$ 9 advance 9 appropriations ,acts4 ,,ii ,developm5t ( w9d & sol> en]gy on c]ta9 ,f$]al l& #bja4 ,def9itions ,9 ?is title3 7#a7 ,cov]$ l& ,! t]m cov]$ l& means l& t is-- 7,a7 7i7 public l& adm9i/]$ by ! ,secret>y ( ! ,int]ior2 or 7ii7 ,national ,=e/ ,sy/em l& adm9i/]$ by ! ,secret>y ( ,agriculture2 & 7,b7 n exclud$ f ! developm5t ( sol> or w9d en]gy "u-- 7i7 a f9al l& use plan e/abli%$ "u ! ,f$]al ,l& ,policy & ,managem5t ,act ( #aigf 7#dc ,u4,s4,c4 #agja et seq472 7ii7 a f9al l& & res\rce managem5t plan e/abli%$ "u ! ,national ,=e/ ,managem5t ,act ( #aigf 7#af ,u4,s4,c4 #afjj et seq472 or 7iii7 ,f$]al law4 7#b7 ,fund ,! t]m ,fund means ! ,r5ewable ,en]gy ,res\rce ,cons]vation ,fund e/abli%$ "u section #bjd7;b74 7#c7 ,public l& ,! t]m public l& has ! mean+ giv5 ! t]m public l&s 9 section #ajc ( ! ,f$]al ,l& ,policy & ,managem5t ,act ( #aigf 7#dc ,u4,s4,c4 #agjb74 7#d7 ,secret>y conc]n$ ,! t]m ,secret>y conc]n$ means-- 7,a7 ! ,secret>y ( ! ,int]ior1 ) respect to l& describ$ 9 clause 7i7 ( p>agraph 7#a77;,a72 & 7,b7 ! ,secret>y ( ,agriculture1 ) respect to l& describ$ 9 clause 7ii7 ( su* p>agraph4 #bjb4 ,developm5t ( sol> & w9d en]gy on cov]$ l& 7a7 ,pilot program on select$ cov]$ l& 7#a7 ,e/abli%m5t ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture %all ea* e/abli% a w9d & sol> leas+ pilot program "u :i* ! ,secret>y conc]n$ conducts lease sales ( c]ta9 sites locat$ on cov]$ l& adm9i/]$ by ! ,secret>y conc]n$ = purposes ( c>ry+ out w9d & sol> en]gy projects4 7#b7 ,selection ( sites on cov]$ l& 7,a7 ,9 g5]al ,n lat] ?an #ij days aft] ! date ! pilot program is e/abli%$ "u p>agraph 7#a71 ! ,secret>y conc]n$ %all ea* select f cov]$ l& adm9i/]$ by ! ,secret>y-- 7i7 #a site = ! developm5t ( a sol> en]gy project2 & 7ii7 #a site = ! developm5t ( a w9d en]gy project4 7,b7 ,site selection ,9 select+ sites "u subp>agraph 7,a71 ! ,secret>y conc]n$ %all-- 7i7 give a pref]5ce to sites t ! ,secret>y conc]n$ det]m9es-- 7,i7 are likely to attract a high level ( w9d & sol> en]gy indu/ry int]e/2 7,,ii7 h a comp>atively l[ value = res\rces o!r ?an w9d & sol> en]gy2 & 7,,iii7 w\ld s]ve z models = ! expansion ( ! pilot program to o!r locations if ! program is exp&$ "u subsection 7c72 7ii7 take into consid]ation ! value ( ! multiple res\rces ( ! cov]$ l& on :i* su* sites are locat$2 & 7iii7 n select any site = :i* a "r-(-way or special use p]mit = site te/+ or con/ruction has be5 issu$ "u title ,v ( ! ,f$]al ,l& ,policy & ,managem5t ,act ( #aigf 7#dc ,u4,s4,c4 #agfa et seq47 or ! ,national ,=e/ ,managem5t ,act ( #aigf 7#af ,u4,s4,c4 #afjj et seq474 7#c7 ,lease sales ( project sites 7,a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#d77;,b77i71 n lat] ?an #ahj days aft] ! date on :i* sites are select$ "u p>agraph 7#b71 ! ,secret>y conc]n$ %all (f] ea* site = competitive leas+ "u su* t]ms & conditions z ! ,secret>y conc]n$ requires4 7,b7 ,bidd+ ,bidd+ on a site (f]$ = lease "u ?is subsection %all be-- 7i7 limit$ to "o r\nd2 7ii7 op5 only to bidd]s :o-- 7,i7 submit a plan ( developm5t = su* site toge!r ) ! bid2 & 7,,ii7 ! ,secret>y conc]n$ det]m9es are qualifi$ "u subp>agraph 7,c77ii72 & 7iii7 conduct$ us+ a bidd+ sy/em select$ by ! ,secret>y conc]n$1 includ+-- 7,i7 a ca% bonus bids sy/em requir+ paym5t ( ! royalty e/abli%$ "u ?is title2 7,,ii7 a v>iable royalty bids sy/em bas$ on a p]c5tage ( ! gross proce$s f ! sale ( electricity produc$ f ! site (f]$ = lease1 except t ! royalty %all n be less ?an ! royalty requir$ "u ?is title1 toge!r ) a fix$ ca% bonus2 or 7,,iii7 su* o!r bidd+ sy/em z ensures a fair return to ! public consi/5t ) ! royalty e/abli%$ "u ?is title4 7,c7 ,bidd] qualifications ,! ,secret>y conc]n$ %all-- 7i7 be=e conduct+ any lease sale "u ?is subsection1 e/abli% qualification requirem5ts = bidd]s on a site (f]$ = lease t ensure t su* bidd]s1 ) respect to w9d or sol> en]gy projects-- 7,i7 are able to exp$iti\sly develop su* a project on ! site2 7,,ii7 possess ! f9ancial res\rces necess>y to complete su* a project2 7,,iii7 possess k ( ! te*nology ne$$ to complete su* a project2 7,,iv7 meet eligibility requirem5ts t are sub/antially simil> to ! eligibility rquirem5ts = leas+ t apply "u ! fir/ section ( ! ,m9]al ,leas+ ,act 7#cj ,u4,s4,c4 #aha72 & 7,v7 possess su* o!r qualifications z ! ,secret>y conc]n$ det]m9es are necess>y2 & 7ii7 us+ ! requirem5ts e/abli%$ "u clause 7i71 det]m9e :e!r a p]son is qualifi$ to be a bidd] on a site (f]$ = lease "u ?is subsection4 7,d7 ,cr$it = bid prep>ation exp5ditures ,9 ! case ( a site (f]$ = lease "u ?is subsection ) respect to :i* m ?an "o bid is submitt$ on ! date ( ! lease sale ( su* site1 ! ,secret>y conc]n$ %all give cr$it to ea* p]son :o submitt$ a bid ) respect to su* site = exp5ditures su* p]son incurr$ 9 ! prep>ation ( su* bid4 7#d7 ,lease t]ms 7,a7 ,9 g5]al ,! ,secret>y conc]n$ may e/abli% su* lease t]ms & conditions1 includ+ ! duration ( ! lease ) respect to any site (f]$ = lease "u ?is subsection4 7,b7 ,%ort-t]m leases = data collection ,9 c>ry+ out ?is subsection1 ! ,secret>y conc]n$ %all-- 7i7 (f] on a noncompetitive basis a %ort-t]m lease on n less ?an "o site select$ "u p>agraph 7#b7 = purposes ( data collection2 & 7ii7 ^u ! expiration ( ! %ort-t]m lease1 (f] on a competitive basis a long-t]m lease1 giv+ cr$it t[>d ! bonus bid submitt$ ) respect to ! long-t]m lease to ! hold] ( ! %ort-t]m lease = any qualifi$ exp5ditures made by su* hold] to collect data or to develop ! site dur+ su* %ort-t]m lease4 7#e7 ,rev5ues ,subject to section #bjc1 ! ,secret>y conc]n$ may collect bonus bids1 royalties1 fees1 or o!r paym5ts 7except r5tal paym5ts7 ) respect to sites (f]$ = lease "u ?is subsection4 7#f7 ,report ,n lat] ?an #ij days aft] ! date on :i* ! ,secret>y conc]n$ conducts ! f9al lease sale "u ?is subsection1 ! ,secret>y %all submit to ! ,committee on ,en]gy & ,natural ,res\rces & ! ,committee on ,agriculture ( ! ,s5ate & ! ,committee on ,natural ,res\rces & ! ,committee on ,agriculture ( ! ,h\se ( ,repres5tatives a report on ! results ( ea* lease sale conduct$ "u ?is subsection1 includ+-- 7,a7 ! level ( competitive int]e/2 7,b7 a summ>y ( bids & rev5ues receiv$2 & 7,c7 any o!r factors t may h impact$ ! lease sale4 7#g7 ,o!r laws 7,a7 ,compliance ) l& managem5t & environm5tal laws ,9 (f]+ sites = lease "u ?is subsection1 ! ,secret>y conc]n$ %all comply )-- 7i7 all ,f$]al laws applicable to public l& or ,national ,=e/ ,sy/em l&2 & 7ii7 ,f$]al or ,/ate environm5tal laws or any o!r relevant laws4 7,b7 ,applicability to w9d & sol> en]gy projects "u o!r ,f$]al laws ,no?+ 9 ?is subsection %all be con/ru$ s z to prohibit ! ,secret>y conc]n$ f issu+ rights-(-way or special use p]mits ) respect to w9d & sol> en]gy projects 9 compliance ) o!r ,f$]al laws & regulations 9 effect on ! date ( ! enactm5t ( ?is ,act4 7#h7 ,en=cem5t ( ,f$]al l& policy managem5t 7,a7 ,9 g5]al ,sections #cjb7;c7 & #cjc ( ! ,f$]al ,l& ,policy & ,managem5t ,act ( #aigf 7#dc ,u4,s4,c4 #agcb7;c71 #agcc7 %all apply to activities conduct$ on sites on cov]$ l& (f]$ = lease "u ?is subsection4 7,b7 ,effect on en=cem5t au?ority "u o!r ,f$]al law ,no?+ 9 ?is subsection %all be con/ru$ s z to r$uce or limit ! en=cem5t au?ority ve/$ 9 ! ,secret>y ( ! ,int]ior1 ! ,secret>y ( ,agriculture1 or ! ,attorney ,g5]al on cov]$ l& "u any o!r ,f$]al law4 7b7 ,tempor>y ext5sion ( pilot program ,until f9al regulations are issu$ "u subsection 7c77#d71 ! ,secret>y ( ! ,int]ior %all cont9ue to c>ry out ! pilot program "u subsection 7a7 on ! sites (f]$ = lease "u su* subsection4 ,! ,secret>y may ext5d any lease issu$ = su* sites "u subsection 7a7 "u ! same t]ms & conditions applicable to su* lease on ! date ( ! lease sale z necess>y until f9al regulations are issu$ "u subsection 7c77#d7 ) respect to su* sites4 7c7 ,expansion ( pilot program to all cov]$ l& 7#a7 ,jo9t det]m9ation requir$ ,n lat] ?an #e ye>s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture %all jo9tly det]m9e :e!r to exp& ! pilot program e/abli%$ "u subsection 7a7 to apply to all cov]$ l&1 includ+ sites ) respect to :i* leases 7 issu$ "u subsection 7a74 ,9 mak+ su* det]m9ation1 ! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture %all-- 7,a7 take into consid]ation ! results ( ! pilot program2 7,b7 consult )-- 7i7 ! heads ( ,f$]al ag5cies & relevant ,/ate ag5cies 7includ+ ,/ate fi% & wildlife ag5cies72 7ii7 int]e/$ ,/ates1 ,indian tribes1 & local gov]nm5ts2 7iii7 repres5tatives ( ! sol> & w9d en]gy indu/ries2 7iv7 repres5tatives ( ! environm5t1 cons]vation1 & outdoor sport+ communities2 & 7v7 ! public2 & 7,c7 consid] :e!r su* expansion-- 7i7 provides an effective means ( develop+ w9d or sol> en]gy2 & 7ii7 is 9 ! public int]e/4 7#b7 ,expansion au?oriz$ ,! pilot program %all be exp&$ only if ! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture det]m9$ to exp& ! pilot program "u p>agraph 7#a74 7#c7 ,report on jo9t det]m9ation ,n lat] ?an #fj days aft] mak+ ! det]m9ation "u p>agraph 7#a7 to exp& ! pilot program1 ! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture %all jo9tly submit to ! ,committee on ,en]gy & ,natural ,res\rces & ,committee on ,agriculture ( ! ,s5ate & ! ,committee on ,natural ,res\rces & ,committee on ,agriculture ( ! ,h\se ( ,repres5tatives a report describ+ ! basis & f9d+s = ! det]m9ation4 7#d7 ,regulations to implem5t expansion ,n lat] ?an "o ye> aft] mak+ a det]m9ation to exp& ! pilot program "u p>agraph 7#a71 ! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture %all jo9tly issue f9al regulations to implem5t ?is ,act4 7#e7 ,applicability ( provisions ( pilot program to exp&$ program 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 p>agraphs 7#c71 7#g71 & 7#h7 ( subsection 7a7 %all apply to cov]$ l& (f]$ = lease "u ?is subsection 9 ! same mann] z su* p>agraphs apply to sites (f]$ = lease "u subsection 7a74 7,b7 ,competitive leas+ n requir$ "u c]ta9 circum/ances ,! requirem5t "u subsection 7a77#c7 t a lease be sold on a competitive basis %all n apply to a lease issu$ "u ?is subsection if ! ,secret>y conc]n$ det]m9es t-- 7i7 no competitive int]e/ exi/s = ! cov]$ l& (f]$ = lease2 7ii7 ! public int]e/ w\ld n be s]v$ by ! competitive issuance ( a lease ) respect to su* cov]$ l&2 or 7iii7 ! lease is = a purpose describ$ 9 p>agraph 7#g77;,a77ii74 7#f7 ,paym5ts 7,a7 ,9 g5]al ,subject to section #bjc1 ! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture %all jo9tly e/abli% fees1 bonuses1 or o!r paym5ts 7except r5tal paym5ts7 to ensure a fair return to ! ,unit$ ,/ates = any lease issu$ "u ?is subsection4 7,b7 ,bonus bids ,! ,secret>y conc]n$ may grant cr$it t[>d any bonus bid = a qualifi$ exp5diture by ! hold] ( a lease describ$ 9 p>agraph 7#g77;,a77ii7 9 any competitive lease sale held = a long-t]m lease ( ! cov]$ l& t is ! subject ( ! lease describ$ 9 su* p>agraph4 7,c7 ,readju/m5t 7i7 ,9 g5]al ,royalties & o!r t]ms & conditions ( a lease issu$ "u ?is subsection %all be subject to readju/m5t-- 7,i7 on ! date t is #ae ye>s aft] ! date on :i* ! lease is issu$2 & 7,,ii7 e #aj ye>s !reaft]4 7ii7 ,index+ ,effective on ! fir/ day ( ! fir/ mon? beg9n+ aft] ! date ( enactm5t ( ?is ,act & ea* ye> !reaft]1 ! am\nt ( royalties or o!r t]ms & conditions subject to readju/m5t "u clause 7i7 %all be adju/$ to reflect *anges = ! #ab-mon? p]iod end+ on ! mo/ rec5t date = :i* data are available 9 ! ,consum] ,price ,index = ,all ,urban ,consum]s publi%$ by ! ,bureau ( ,labor ,/ati/ics ( ! ,dep>tm5t ( ,labor4 7#g7 ,lease duration1 adm9i/ration1 & readju/m5t 7,a7 ,duration 7i7 ,9 g5]al ,except z provid$ 9 clause 7ii71 a lease issu$ "u ?is subsection %all be =-- 7,i7 an initial t]m ( #be ye>s2 & 7,,ii7 any additional p]iod aft] ! initial #be-ye> t]m dur+ :i* electricity is be+ produc$ annually 9 comm]cial quantities f ! lease4 7ii7 ,data collection leases ,9 ! case ( a lease issu$ "u ?is subsection = ! placem5t & op]ation ( a meteorological or data collection facility or = ! developm5t or demon/ration ( a new w9d or sol> te*nology1 su* lease %all h a t]m ( n m ?an #e ye>s4 7,b7 ,adm9i/ration ,! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture %all jo9tly e/abli% t]ms & conditions = ! issuance1 transf]1 r5ewal1 susp5sion1 & cancellation ( a lease issu$ "u ?is subsection4 7,c7 ,readju/m5t provision requir$ ,ea* lease issu$ "u ?is subsection %all provide = readju/m5t 9 accordance ) subp>agraph 7,a74 7#h7 ,surface-,di/urb+ activities ,! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture %all jo9tly issue regulations reg>d+ surface-di/urb+ activities conduct$ "u any lease issu$ "u ?is subsection1 includ+ any reclamation & o!r actions necess>y to cons]ve & to (fset impacts to surface res\rces4 7#i7 ,security 7,a7 ,9 g5]al ,! ,secret>y conc]n$ %all require t ! hold] ( a lease issu$ "u ?is subsection-- 7i7 furni% a surety bond or o!r =m ( security1 z prescrib$ by ! ,secret>y2 7ii7 provide = ! reclamation & re/oration ( ! cov]$ l& t is ! subject ( ! lease2 & 7iii7 comply ) su* o!r requirem5ts z ! ,secret>y consid]s necess>y to protect ! int]e/s ( ! public & ! ,unit$ ,/ates4 7,b7 ,p]iodic review ,n less frequ5tly ?an once e #e ye>s1 ! ,secret>y conc]n$ %all conduct a review ( ! adequacy ( ! surety bond or o!r =m ( security provid$ by ! hold] ( a lease issu$ "u ?is subsection4 #bjc4 ,royalties 7a7 ,9 g5]al ,! ,secret>y conc]n$ %all require z a t]m & condition ( any lease issu$ "u section #bjb1 ! paym5t ( a royalty4 ,! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture %all e/abli% su* royalty pursuant to a jo9t rulemak+ t %all be a p]c5tage ( ! gross proce$s f ! sale ( electricity produc$ on cov]$ l& t is ! subject ( su* lease at a rate t-- 7#a7 enc\rages production ( sol> or w9d en]gy2 7#b7 ensures a fair return to ! public comp>able to ! return t w\ld be obta9$ on ,/ate or private l&2 & 7#c7 enc\rages ! maximum en]gy g5]ation :ile di/urb+ ! lea/ quantity ( cov]$ l& & o!r natural res\rces1 includ+ wat]4 7b7 ,consid]ation ,9 e/abli%+ ! royalty "u subsection 7a71 ! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture %all consid] ! relative capacity factors ( w9d & sol> en]gy projects4 7c7 ,exclusive paym5t on sale ( electricity ,! royalty "u subsection 7a7 %all be ! only r5t1 royalty1 or simil> paym5t to ! ,f$]al ,gov]nm5t requir$ ) respect to ! sale ( electricity produc$ "u a lease issu$ "u section #bjb4 7d7 ,royalty relief ,! ,secret>y conc]n$ may r$uce ! royalty rate e/abli%$ "u subsection 7a7 if ! hold] ( a lease issu$ "u ?is title %[s by cle> & conv9c+ evid5ce t-- 7#a7 collection ( ! full royalty w\ld unreasonably burd5 en]gy g5]ation on cov]$ l& t is ! subject ( ! lease2 & 7#b7 ! royalty r$uction is 9 ! public int]e/4 7e7 ,en=cem5t 7#a7 ,audit+ sy/em ,! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture %all jo9tly e/abli% a compreh5sive inspection1 collection1 fiscal1 & production acc\nt+ & audit+ sy/em-- 7,a7 to accurately det]m9e royalties1 int]e/1 f9es1 p5alties1 fees1 deposits1 & o!r paym5ts ow$ "u ?is title2 & 7,b7 to collect & acc\nt = ! paym5ts 9 a timely mann]4 7#b7 ,applicability ( ,f$]al ,oil & ,royalty ,managem5t ,act ,! provisions ( ! ,f$]al ,oil & ,gas ,royalty ,managem5t ,act ( #aihb 7#cj ,u4,s4,c4 #agja et seq47 7includ+ ! civil & crim9al en=cem5t provisions ( su* ,act7 %all apply to leases issu$ "u ?is title ) respect to w9d & sol> en]gy projects 9 ! same mann] z su* provisions apply to oil & gas leases4 7f7 ,report on royalties ,n lat] ?an #e ye>s aft] ! date ( enactm5t ( ?is ,act & e #e ye>s !reaft]1 ! ,secret>y ( ! ,int]ior1 9 consultation ) ! ,secret>y ( ,agriculture1 %all submit to ! ,committee on ,en]gy & ,natural ,res\rces & ! ,committee on ,agriculture ( ! ,s5ate & ! ,committee on ,natural ,res\rces & ! ,committee on ,agriculture ( ! ,h\se ( ,repres5tatives a report consi/+ ( a review ( ! collections & impacts ( ! royalties & fees collect$ "u ?is title1 includ+-- 7#a7 ! total rev5ues receiv$ 7by category7 on an annual basis z royalties f w9d1 sol>1 & geo!rmal developm5t & production 7specifi$ by en]gy s\rce7 on cov]$ l&2 7#b7 :e!r ! rev5ues receiv$ = ! developm5t ( w9d1 sol>1 & geo!rmal developm5t are comp>able to ! rev5ues receiv$ = simil> developm5t on ,/ate or private l&2 7#c7 any impact on ! developm5t ( w9d1 sol>1 & geo!rmal developm5t & production on cov]$ l& z a result ( ! royalties2 & 7#d7 any recomm5dations ) respect to *anges 9 ,f$]al law 7includ+ regulations7 relat+ to ! am\nt or me?od ( collection 7includ+ audit+1 compliance1 & en=cem5t7 ( ! royalties4 7g7 ,regulations ,n lat] ?an "o ye> aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture %all jo9tly issue f9al regulations to c>ry out ?is section4 #bjd4 ,disposition ( royalty rev5ue 7a7 ,allocation ( rev5ue ,effective beg9n+ on ! date ( ! enactm5t ( ?is ,act1 all am\nts collect$ by ! ,secret>y conc]n$ z royalties or bonuses "u subsection 7a77#e7 or 7c77#f7 ( section #bjb1 %all be di/ribut$ z foll[s3 7#a7 ,tw5ty-five p]c5t %all be paid by ! ,secret>y ( ! ,treasury to ,/ates )9 ! b\nd>ies ( :i* ! royalties or bonuses are d]iv$1 to be allocat$ among su* ,/ates bas$ on ! p]c5tage ( cov]$ l& f :i* su* royalties or bonuses are d]iv$ 9 ea* ,/ate4 7#b7 ,tw5ty-five p]c5t %all be paid by ! ,secret>y ( ! ,treasury to ! c\nties )9 ! b\nd>ies ( :i* ! royalties or bonuses are d]iv$1 to be allocat$ among su* c\nties bas$ on ! p]c5tage ( cov]$ l& f :i* su* royalties or bonuses are d]iv$ 9 ea* c\nty4 7#c7 ,tw5ty-five p]c5t %all be deposit$ 9 ! ,fund 7e/abli%$ by subsection 7b774 7#d7 ,= ! p]iod t beg9s on ! date ( ! enactm5t ( ?is ,act & end+ on ! date t is #ae ye>s aft] ! date ( ! enactm5t ( ?is ,act1 #ae p]c5t %all be paid by ! ,secret>y ( ! ,treasury directly to ! ,/ate (fices ( ! ,bureau ( ,l& ,managem5t & ! regional (fice ( ! ,=e/ ,s]vice ) jurisdiction ov] ! areas ( :i* ! royalties or bonuses are d]iv$ = purposes ( r$uc+ ! numb] ( r5ewable en]gy p]mits t h n be5 process$ be=e ! date ( ! enactm5t ( ?is ,act1 to be allocat$ among su* (fices bas$ on ! p]c5tage ( cov]$ l& f :i* ! royalties or bonuses are d]iv$ 9 ea* ,/ate4 7#e7 ,! rema9d] %all be deposit$ into ! g5]al fund ( ! ,treasury = purposes ( r$uc+ ! annual ,f$]al budget deficit4 7b7 ,r5ewable ,en]gy ,res\rce ,cons]vation ,fund 7#a7 ,e/abli%m5t ,!re is e/abli%$ 9 ! ,treasury ( ! ,unit$ ,/ates a ,r5ewable ,en]gy ,res\rce ,cons]vation ,fund to be adm9i/]$ by ! ,secret>y ( ! ,int]ior1 9 consultation ) ! ,secret>y ( ,agriculture1 = use 9 regions impact$ by ! developm5t ( w9d or sol> en]gy on public l&4 7#b7 ,use ( funds ,! ,secret>y %all use am\nts 9 ! ,fund to take actions & to make paym5ts to ,/ate ag5cies1 ,f$]al ag5cies1 or o!r int]e/$ p]sons 9 su* regions =-- 7,a7 protect+ & re/or+ important fi% & wildlife habitat 9 su* regions1 includ+ corridors1 wat] res\rces1 & o!r s5sitive l&2 & 7,b7 assur+ & improv+ access to ,f$]al l&s & wat]s 9 su* regions = hunt+1 fi%+1 & o!r =ms ( outdoor recreation 9 a mann] consi/5t ) ! cons]vation ( fi% & wildlife habitat4 7#c7 ,availability ( am\nts ,am\nts 9 ! ,fund %all be available = exp5diture1 9 accordance ) ?is subsection1 )\t fur!r appropriation & )\t fiscal ye> limitation4 7#d7 ,inve/m5t ( ,fund 7,a7 ,9 g5]al ,any am\nts deposit$ 9 ! ,fund %all e>n int]e/ 9 an am\nt det]m9$ by ! ,secret>y ( ! ,treasury on ! basis ( ! curr5t av]age m>ket yield on out/&+ m>ketable obligations ( ! ,unit$ ,/ates ( comp>able maturities4 7,b7 ,use ,any int]e/ e>n$ "u subp>agraph 7,a7 may be exp5d$ 9 accordance ) ?is subsection4 7#e7 ,mitigation requirem5ts ,! exp5diture ( funds "u ?is subsection %all be sep>ate & di/9ct f any mitigation requirem5ts impos$ pursuant to any law1 regulation1 or t]m or condition ( any lease1 "r-(-way1 or o!r au?orization4 7c7 ,allocation = p]mitt+ aft] expiration ( #ae-,ye> p]iod 7#a7 ,c]tification by ,secret>y ,at ! end ( ! #ae-ye> p]iod describ$ 9 subsection 7a77#d71 ! ,secret>y %all c]tify :e!r ! ,/ate (fices ref]r$ to 9 su* subsection h adequately r$uc$ ! r5ewable en]gy p]mitt+ backlog ref]r$ to 9 su* subsection4 7#b7 ,allocation aft] c]tification ,if ! ,secret>y c]tifies "u p>agraph 7#a7 t-- 7,a7 ! ,/ate (fices ref]r$ to 9 su* p>agraph h n adequately r$uc$ ! backlog ref]r$ to 9 su* p>agraph-- 7i7 ! #ae-ye> p]iod describ$ 9 subsection 7a77#d7 %all be ext5d$ by an additional #ae-ye> p]iod2 & 7ii7 paym5ts %all cont9ue to be made dur+ t p]iod z describ$ 9 su* subsection2 or 7,b7 ! ,/ate (fices ref]r$ to 9 su* p>agraph h adequately r$uc$ su* backlog-- 7i7 two-?irds ( ! am\nt o!rwise requir$ to be paid "u subsection 7a77#d7 %all be add$ to ! am\nt deposit$ 9 ! ,fund e/abli%$ "u subsection 7b72 & 7ii7 "o-?ird ( su* am\nt %all be deposit$ into ! g5]al fund ( ! ,treasury = purposes ( r$uc+ ! annual ,f$]al budget deficit4 7d7 ,paym5ts to ,/ates & c\nties 7#a7 ,9 g5]al ,am\nts paid to ,/ates & c\nties "u subsection 7a7 %all be us$ 9 a mann] t is consi/5t ) section #ce ( ! ,m9]al ,leas+ ,act 7#cj ,u4,s4,c4 #aia74 7#b7 ,impacts ,n less ?an #ce p]c5t ( ! am\nt paid to a ,/ate ea* fiscal ye> %all be us$ = ! purposes describ$ 9 subsection 7b77#b74 #bje4 ,/udy & report on mitigation bank+ 7a7 ,/udy 7#a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture %all c>ry out a /udy to det]m9e ! feasibility ( c>ry+ out a mitigation bank+ program on ,f$]al l& adm9i/]$ by ! ,secret>y ( ! ,int]ior or ! ,secret>y ( ,agriculture = purposes ( fully (fsett+ ! impacts ( w9d or sol> en]gy on su* ,f$]al l&4 7#b7 ,cont5ts ,! /udy "u p>agraph 7#a7 %all-- 7,a7 id5tify areas 9 :i*-- 7i7 privately own$ l& is n available to fully (fset ! impacts ( w9d or sol> en]gy developm5t on ,f$]al l& adm9i/]$ by ! ,secret>y ( ! ,int]ior or ! ,secret>y ( ,agriculture2 or 7ii7 mitigation inve/m5ts on su* ,f$]al l& are likely to provide great] cons]vation value = ! impacts ( w9d or sol> en]gy developm5t on su* ,f$]al l&2 & 7,b7 exam9e-- 7i7 ! effectiv5ess ( laws 7includ+ regulations7 & policies 9 effect on ! date ( ! enactm5t ( ?is ,act 9 facilitat+ ! developm5t & effective op]ation ( mitigation banks2 7ii7 ! advantages & disadvantages ( us+ mitigation banks on su* ,f$]al l& to mitigate impacts to natural res\rces on private1 ,/ate1 & tribal l&2 & 7iii7 any *anges 9 ,f$]al law 7includ+ regulations7 or policy necess>y to fur!r develop a ,f$]al mitigation bank+ program4 7b7 ,report to ,congress ,n lat] ?an #ah mon?s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture %all jo9tly submit to ,congress a report t includes-- 7#a7 ! recomm5dations ( ! ,secret>ies relat+ to-- 7,a7 ! mo/ effective sy/em = ,f$]al l& adm9i/]$ by ! ,secret>y ( ! ,int]ior or ! ,secret>y ( ,agriculture to meet ! goals ( facilitat+ ! developm5t ( a mitigation bank+ program on su* ,f$]al l&2 & 7,b7 any *ange to ,f$]al law 7includ+ regulations7 or policy necess>y to address m effectively ! sit+1 developm5t1 & managem5t ( mitigation bank+ programs on su* ,f$]al l& to mitigate impacts to natural res\rces on private1 ,/ate1 & tribal l&2 & 7#b7 any adm9i/rative action to be tak5 by ! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture 9 response to ! recomm5dations4 7c7 ,availability to ! public ,n lat] ?an #cj days aft] ! date on :i* ! report describ$ 9 subsection 7b7 is submitt$ to ,congress1 ! ,secret>y ( ! ,int]ior & ! ,secret>y ( ,agriculture %all make ! results ( ! /udy available to ! public4