(a) The last sentence of section 9 of the Act entitled ‘An Act to provide for the leasing of coal lands in the Territory of Alaska, and for other purposes’, approved October 20, 1914 (48 U.S.C. 439), is hereby amended to read as follows: ‘All net profits from operation of Government mines, and all bonuses, royalties, and rentals under leases as herein provided and all other payments received under this Act shall be distributed as follows as soon as practicable after December 31 and June 30 of each year: (1) 90 per centum thereof shall be paid by the Secretary of the Treasury to the State of Alaska for disposition by the legislature thereof; and (2) 10 per centum shall be deposited in the Treasury of the United States to the credit of miscellaneous receipts.’
“(b) Section 35 of the Act entitled ‘An Act to promote the mining of coal, phosphate, oil, oil shale, gas, and sodium on the public domain’, approved February 25, 1920, as amended (30 U.S.C. 191), is hereby amended by inserting immediately before the colon preceding the first proviso thereof the following: ‘, and of those from Alaska 52½ per centum thereof shall be paid to the State of Alaska for disposition by the legislature thereof’.
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