,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #hgbh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,novemb] #e1 #bjbj,mr4
 ,cook introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,natural      
,res\rces1 & 9 addition to ! ,committee 
on ,education & ,labor1 = 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 require t       
royalties d]iv$ f ! production ( sodium 
comp\nds & relat$ products are disburs$ 
to ! ,/ate 9 :i* production occurr$ & to
 ! ,secret>y ( ,education = educational 
grants1 & = o!r purposes4  #a4 ,%ort    
title ,?is ,act may be ref]r$ to z !    
,soda ,a% ,fund+ = ,education ,act (    
#bjbj4  #b4 ,disposition ( rev5ues  7a7 
,deposit ( funds f royalties on sodium  
comp\nds ,not)/&+ any o!r provision (   
law1 royalties collect$ on ! quantity or
 gross value ( ! output ( sodium        
comp\nds & relat$ products 7z su* t]m is
 us$ 9 ! ,soda ,a% ,royalty ,r$uction   

,act ( #bjjf 7#cj ,u4,s4,c4 #bfb note77 
f ,f$]al l& %all be paid into !         
,treasury ( ! ,unit$ ,/ates4  7b7 ,use (
 ,funds ,( funds deposit$ 9 ! ,treasury 
"u subsection 7a71 ! ,secret>y ( !      
,treasury %all-- 7#a7 disburse #ej p]c5t
 to ! ,/ate )9 :i* su* leas$ l& is      
locat$2 &  7#b7 deposit #ej p]c5t 9 !   
,fund4  7c7 ,soda ,a% ,educational      
,equalization ,fund  7#a7 ,e/abli%m5t   
,!re is e/abli%$ 9 ! ,treasury a fund1  
to be kn[n z ! ,soda ,a% ,education     
,equalization ,fund1 to be adm9i/]$ by !
 ,secret>y ( ,education to provide      
res\rces to local educational ag5cies 7z
 su* t]m is def9$ 9 section #haja ( !   
,elem5t>y & ,second>y ,education ,act ( 
#aife 7#bj ,u4,s4,c4 #ghja77 impact$ by 
*anges 9 sodium royalty rates or *anges 
9 soda a% production levels4  7#b7      
,selection crit]ia ,! ,secret>y (       
,education %all use funds available 9 ! 
,fund to provide grants to local s*ool  
di/ricts t meet ! foll[+ conditions3    
7,a7 ,! ,secret>y det]m9es su* s*ool has

 receiv$ n less ?an #ej p]c5t ( its     
annual budget f paym5ts attributable to 
sodium royalty paym5ts = at lea/ #b ( ! 
previ\s #e fiscal ye>s4  7,b7 ,!        
,secret>y det]m9es t fund+ = ! s*ool = !
 curr5t fiscal ye> attributable to      
royalties on sodium comp\nds & relat$   
products has fall5 bel[ ! av]age paym5t 
= ! pa/ #e ye>s1 det]m9$ by dropp+ !    
highe/ & l[e/ ye> f ! av]age4  7#c7     
,maximum grant am\nt ,! ,secret>y (     
,education may n issue a grant to a     
s*ool = an am\nt 9 excess ( ! av]age    
calculat$ 9 p>agraph 7#b77;,b74  7#d7   
,inve/m5t ( fund ,! ,secret>y ( !       
,treasury %all inve/ su* portion ( !    
,fund z su* ,secret>y det]m9es          
appropriate 9 int]e/-be>+ obligations ( 
! ,unit$ ,/ates4 ,! int]e/ on1 & !      
proce$s f ! sale or r$emption (1 any    
obligation held 9 ! ,fund %all be cr$it$
 to & =m a "p ( ! ,fund4  7#e7 ,fund ,9 
?is section1 ! t]m ,fund means ! ,soda  
,a% ,education ,equalization ,fund      
e/abli%$ 9 p>agraph 7#a74