H.R. 1551 · 109th Congress
Domestic Offshore Energy Reinvestment Act of 2005
- Stage
- In committee
- Sponsor
- Bobby Jindal
- Introduced
- 2005-04-12
- Latest action
- 2005-04-19 · Referred to the Subcommittee on Energy and Mineral Resources.
Summary
Domestic Offshore Energy Reinvestment Act of 2005 - Amends the Outer Continental Shelf Lands Act to establish the Secure Energy Reinvestment Fund, consisting of outer Continental Shelf revenues attributable to royalties received by the United States in excess of prescribed amounts.
Instructs the Secretary to pay to each coastal energy State (including its coastal political subdivision) certain amounts remaining in the Fund after payment for: (1) administrative expenses; and (2) the Coastal Restoration and Enhancement through Science and Technology program.
Sets forth the uses of the Coastal Restoration and Enhancement through Science and Technology program.