Minerals Leasing Act
Department Of The Interior, Departmental Offices
As directed by the Minerals Leasing Act, the Office of Natural Resources Revenue (ONRR) shares 50 percent (90 percent for Alaska) of mineral leasing revenue with States. Since 2008 payments were subjected to a two percent reduction, as required by Public Law 111-322.
Jargon-free version
Helps states receive half of the money from mineral leasing revenues. States can use this funding for various local projects and services.
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