CFR > Title 30 - Mineral Resources > CHAPTER II—MINERALS MANAGEMENT SERVICE, DEPARTMENT OF THE INTERIOR > SUBCHAPTER A—MINERALS REVENUE MANAGEMENT (parts 200 to 243) > PART 219—DISTRIBUTION AND DISBURSEMENT OF ROYALTIES, RENTALS, AND BONUSES > SUBPART D—Oil and Gas, Offshore (§219.410 to §219.418) > 219.412—How will the qualified OCS revenues be divided?

219.412—How will the qualified OCS revenues be divided?

For each of the fiscal years 2007 through 2016, 50 percent of the qualified OCS revenues will be placed in a special U.S. Treasury account from which 75 percent of the revenues will be disbursed to the Gulf producing States, and 25 percent will be disbursed to the Land and Water Conservation Fund. Each Gulf producing State will receive at least 10 percent of the qualified OCS revenues available for allocation to the Gulf producing States each fiscal year.
Revenue Distribution of Qualified OCS Revenues Under GOMESA
Recipient of qualified OCS revenues Percentage of qualified OCSrevenues(percent)
U.S. Treasury (General Fund) 50
Land and Water Conservation Fund 12.5
Gulf Producing States 30
Gulf Producing State Coastal Political Subdivisions 7.5