Fair Disbursement of Offshore Oil Revenue Act of 2003

Summary

Fair Disbursement of Offshore Oil Revenue Act of 2003 - Establishes the Coastal Communities Outer Continental Shelf Receipt Fund as an interest-bearing account in the Treasury. Instructs the Secretary of the Treasury to pay into the Fund all revenues attributable to an Outer Continental Shelf lease, any part of which is within 200 geographical miles of the coast line. Directs the Secretary to pay each coastal State and its coastal counties, respectively, one-half of the revenues and any interest earned on them attributable to the State for the fiscal year most recently completed. Preconditions such disposition of funds upon annual enactment by each coastal State and coastal county of the legislation necessary to provide State and local permits for the onshore facilities needed to support offshore oil or gas development or production in the pertinent adjacent area. Declares that if a State or county fails to enact such legislation, the funds attributable to it shall not be disbursed, and the Secretary shall take that failure into consideration before offering any additional leases for sale in the offshore area adjacent to that State or county.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 25 February 2003

   Introduced

   Referred to the House Committee on Resources.

   Source: IntroReferral

2. 25 February 2003

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 February 2003

   Introduced

   Introduced in House

   Source: IntroReferral

4. 28 February 2003

   Committee

   Executive Comment Requested from Interior.

   Source: Committee

5. 28 February 2003

   Referred

   Referred to the Subcommittee on Energy and Mineral Resources.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 25 February 2003 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 February 2003

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 February 2003

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 25 February 2003

  Open at official source

Sponsors

• DANA ROHRABACHER · R · Sponsor
• · hsii00 · Standing

Related records

No cross-record relationships stored yet.