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![handle is hein.congrecreports/crptxaeye0001 and id is 1 raw text is: AUTHENTICATED
..GOVERNMENT
INFORMATION
Calendar No. 552
117TH CONGRESS REPORT
2d Session SENATE 117-201
ALASKA OFFSHORE PARITY ACT
NOVEMBER 17, 2022.-Ordered to be printed
Mr. MANCHIN, from the Committee on Energy and
Natural Resources, submitted the following
R E P O R T
[To accompany S. 2996]
The Committee on Energy and Natural Resources, to which was
referred the bill (S. 2996), to provide for the distribution of certain
outer Continental Shelf revenues to the State of Alaska, and for
other purposes, having considered the same, reports favorably
thereon with amendments and recommends that the bill, as
amended, pass.
AMENDMENTS
The amendments are as follows:
1. On page 4, strike lines 1 through 6 and insert the following:
(2) 30 percent of qualified revenues in a special account in
the Treasury, to be distributed by the Secretary to the State;
(3) 7.5 percent of qualified revenues in a special account in
the Treasury, to be distributed by the Secretary to coastal po-
litical subdivisions; and
(4) 12.5 percent of qualified revenues in the National Oceans
and Coastal Security Fund established under section 904(a) of
the National Oceans and Coastal Security Act (16 U.S.C.
7503(a)).
2. On page 6, after line 20, add the following:
(f) REPORTING REQUIREMENT FOR FISCAL YEAR 2023 AND THERE-
AFTER.-
(1) IN GENERAL.-Beginning with fiscal year 2023, not later
than 180 days after the end of each fiscal year in which the
State receives amounts under subsection (a)(2), the State shall
submit to the Secretary a report that describes the use of the
amounts by the State during the preceding fiscal year covered
by the report.
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