A bill to amend title 10, United States Code, to ensure that excess oil and gas lease revenues are distributed in accordance with the Mineral Leasing Act, and for other purposes.

Amends federal law governing the treatment of oil shale receipts from oil exploration and development on certain public domain lands in Colorado.

Directs the Secretary of the Treasury to transfer certain moneys deposited in the Treasury to the state of Colorado for specified allocations among Garfield, Rio Blanco, Moffatt, and Mesa Counties to mitigate the effects of oil and gas development activities within them.

States that the funds provided to such counties shall not be considered for the purpose of calculating federal payments to the counties for entitlement land owned by the United States.