Marine Resources Conservation and Development Act

Summary

Marine Resources Conservation and Development Act - Establishes in the United States Treasury the Marine Resources Conservation and Development Fund. Requires the Secretary of the Treasury to: (1) pay into such Fund 70 percent of revenues paid in connection with leases on the Outer Continental Shelf Lands subsequent to enactment of the Marine Resources Conservation Development Act; and (2) pay to any State adjacent to such lands, 30 percent of such revenues. Makes the Fund available for use by the Secretary of the Interior for programs in marine resources conservation. Requires the Secretary of the Interior to establish an Advisory Board to assist in carrying out the purposes of this Act, and seven Regional Environmental Review Boards which shall review the provisions of this Act with respect to the exploration for, and the production and transportation of, minerals in the Outer Continental shelf. Authorizes the appropriation out of the Fund of such amounts as are necessary to carry out this Act.

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1 official file

• Introduced in House

  summary · EN · 4 January 1977

  Open at official source

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