,i #aafth ,,congress #b;d ,session ,h4 ,r4 #hgbh ,,in ,,the ,,house ,,of ,,representatives ,november #e1 #bjbj,mr4 ,cook introduced the following bill2 which was referred to the ,committee on ,natural ,resources1 and in addition to the ,committee on ,education and ,labor1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to require that royalties derived from the production of sodium compounds and related products are disbursed to the ,state in which production occurred and to the ,secretary of ,education for educational grants1 and for other purposes4 #a4 ,short title ,this ,act may be referred to as the ,soda ,ash ,funding for ,education ,act of #bjbj4 #b4 ,disposition of revenues 7a7 ,deposit of funds from royalties on sodium compounds ,notwithstanding any other provision of law1 royalties collected on the quantity or gross value of the output of sodium compounds and related products 7as such term is used in the ,soda ,ash ,royalty ,reduction ,act of #bjjf 7#cj ,u4,s4,c4 #bfb note77 from ,federal land shall be paid into the ,treasury of the ,united ,states4 7b7 ,use of ,funds ,of funds deposited in the ,treasury under subsection 7a71 the ,secretary of the ,treasury shall-- 7#a7 disburse #ej percent to the ,state within which such leased land is located2 and 7#b7 deposit #ej percent in the ,fund4 7c7 ,soda ,ash ,educational ,equalization ,fund 7#a7 ,establishment ,there is established in the ,treasury a fund1 to be known as the ,soda ,ash ,education ,equalization ,fund1 to be administered by the ,secretary of ,education to provide resources to local educational agencies 7as such term is defined in section #haja of the ,elementary and ,secondary ,education ,act of #aife 7#bj ,u4,s4,c4 #ghja77 impacted by changes in sodium royalty rates or changes in soda ash production levels4 7#b7 ,selection criteria ,the ,secretary of ,education shall use funds available in the ,fund to provide grants to local school districts that meet the following conditions3 7,a7 ,the ,secretary determines such school has received not less than #ej percent of its annual budget from payments attributable to sodium royalty payments for at least #b of the previous #e fiscal years4 7,b7 ,the ,secretary determines that funding for the school for the current fiscal year attributable to royalties on sodium compounds and related products has fallen below the average payment for the past #e years1 determined by dropping the highest and lowest year from the average4 7#c7 ,maximum grant amount ,the ,secretary of ,education may not issue a grant to a school for an amount in excess of the average calculated in paragraph 7#b77;,b74 7#d7 ,investment of fund ,the ,secretary of the ,treasury shall invest such portion of the ,fund as such ,secretary determines appropriate in interest-bearing obligations of the ,united ,states4 ,the interest on1 and the proceeds from the sale or redemption of1 any obligation held in the ,fund shall be credited to and form a part of the ,fund4 7#e7 ,fund ,in this section1 the term ,fund means the ,soda ,ash ,education ,equalization ,fund established in paragraph 7#a74