H.R. 3846 · 115th Congress
POWER Counties Act
- Stage
- In committee
- Sponsor
- Bill Johnson
- Introduced
- 2017-09-27
- Latest action
- 2018-04-18 · Subcommittee Hearings Held.
Summary
Providing Opportunity with Energy Revenues in Counties Act or the POWER Counties Act
This bill amends the Mineral Leasing Act to: (1) change from 40% to 20% the percentage of money received from sales, bonuses, royalties including interest charges collected under the Federal Oil and Gas Royalty Management Act of 1982 that is to be paid into the reclamation fund created by the Reclamation Act; and (2) require 20% of such money to be paid to the county within the boundaries of which the leased lands or deposits are or were located and may be used by such county for its schools and roads.