SB5688: Acquired Lands Revenue Modernization Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Mineral Leasing Act for Acquired Lands and the Mineral Leasing Act to increase the State share of oil and gas leasing revenue from acquired lands, and for other purposes.
Plain-language summary
This bill would change how states receive money from oil and gas leases on federal lands that the government bought (called acquired lands). Currently, states get a smaller share of these lease revenues compared to revenues from other federal lands. The bill aims to increase what states receive. Sponsor Bernie Moreno introduced it, and it is currently awaiting review.
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SB5688: Acquired Lands Revenue Modernization Act