A bill to amend chapter 641 of title 10, United States Code, so as to require certain proceeds from the disposition of lands within the naval petroleum reserves to be made available to the States within which such lands are located.

Summary

Requires 37 1/2 percent of the proceeds received by the United States from the disposition of lands or petroleum products within naval petroleum reserves to be paid over to the State within which such lands are located. Requires 2 1/2 percent of the money accruing to the United States in connection with the production for domestic use of oil and gas products from naval petroleum reserve numbered 4, Alaska, to be paid to the Alaska Native Fund, as established in the Alaska Native Claims Settlement Act.

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1 official file

• Introduced in Senate

  summary · EN · 4 March 1975

  Open at official source

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