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30 U.S.C. § 1019 — Disposal of moneys from sales, bonuses, rentals, and royalties

submitted 56 years ago by Pub. L. 91-581 to r/title-30-MINERAL-LANDS-AND-MINING · 142 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section directs how money from geothermal sales, bonuses, rentals, and royalties is to be handled and distributed.

(a) General rule. Except for Alaska land, all money the United States receives under this chapter from sales, bonuses, rentals, and royalties must go into the Treasury. Subject to section 191 of this title and section 1004(a)(2), of the deposited amount (1) 50 percent must go to the State where the leased land or geothermal resources are or were located, and (2) 25 percent must go to the county where they are or were located. (b) Use. A State or county must use money paid under subsection (a) consistently with section 191.
the actual law source: uscode.house.gov ↗public domain
(a) In general

Except with respect to lands in the State of Alaska, all monies received by the United States from sales, bonuses, rentals, and royalties under this chapter shall be paid into the Treasury of the United States. Of amounts deposited under this subsection, subject to the provisions of subsection (b) of section 191 of this title and section 1004(a)(2) of this title—

(1)

50 percent shall be paid to the State within the boundaries of which the leased lands or geothermal resources are or were located; and

(2)

25 percent shall be paid to the county within the boundaries of which the leased lands or geothermal resources are or were located.

(b) Use of payments

Amounts paid to a State or county under subsection (a) shall be used consistent with the terms of section 191 of this title.

Source credit: (Pub. L. 91–581, § 20, Dec. 24, 1970, 84 Stat. 1572; Pub. L. 100–443, § 5(a), Sept. 22, 1988, 102 Stat. 1768; Pub. L. 103–66, title X, § 10202(b), Aug. 10, 1993, 107 Stat. 408; Pub. L. 109–58, title II, § 224(b), Aug. 8, 2005, 119 Stat. 663.)

history & why it existsrecord from the source credit
  • 1970Enacted · Pub. L. 91-581 · 84 Stat. 1572
  • 1988Amended · Pub. L. 100-443 · 102 Stat. 1768
  • 1993Amended · Pub. L. 103-66 · 107 Stat. 408
  • 2005Amended · Pub. L. 109-58 · 119 Stat. 663

A history note hasn’t been published yet. The record shows enactment by Pub. L. 91-581 on 1970-12-24.

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