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Current as of January 01, 2024 | Updated by Findlaw Staff
(a)Deposit of geothermal resources leases
Notwithstanding any other provision of law, amounts received by the United States in the first 5 fiscal years beginning after August 8, 2005, as rentals, royalties, and other payments required under leases under the Geothermal Steam Act of 1970, excluding funds required to be paid to State and county governments, shall be deposited into a separate account in the Treasury.
(b)Use of deposits
Amounts deposited under subsection (a) shall be available to the Secretary of the Interior for expenditure, without further appropriation and without fiscal year limitation, to implement the Geothermal Steam Act of 1970 and this Act.
(c)Transfer of funds
For the purposes of coordination and processing of geothermal leases and geothermal use authorizations on Federal land the Secretary of the Interior may authorize the expenditure or transfer of such funds as are necessary to the Forest Service.
Cite this article: FindLaw.com - 42 U.S.C. § 15873 - U.S. Code - Unannotated Title 42. The Public Health and Welfare § 15873. Deposit and use of geothermal lease revenues for 5 fiscal years - last updated January 01, 2024 | https://codes.findlaw.com/us/title-42-the-public-health-and-welfare/42-usc-sect-15873/
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