(a) In General.—There shall be submitted with the annual budget of the United States a comprehensive statement of estimated requirements during the ensuing fiscal year for appropriations from the Fund.
(b) Allocation of Funds.—Of the total amount made available to the Fund through appropriations or deposited in the Fund under section 105(a)(2)(B) of the Gulf of Mexico Energy Security Act of 2006 (43 U.S.C. 1331 note; Public Law 109–432)—(1) not less than 40 percent shall be used for Federal purposes; and
(2) not less than 40 percent shall be used to provide financial assistance to States.
(Pub. L. 113–287, § 3, Dec. 19, 2014, 128 Stat. 3172; Pub. L. 116–9, title III, § 3001(b), Mar. 12, 2019, 133 Stat. 755.)
Historical and Revision Notes
RevisedSectionSource (U.S. Code)Source (Statutes at Large)
20030416 U.S.C. 460l–7.Pub. L. 88–578, title I, § 5, formerly § 4, Sept. 3, 1964, 78 Stat. 900; Pub. L. 90–401, § 3, July 15, 1968, 82 Stat. 355; renumbered § 5, Pub. L. 92–347, § 2, July 11, 1972, 86 Stat. 459; Pub. L. 94–273, § 3(4), Apr. 21, 1976, 90 Stat. 376; Pub. L. 94–422, title I, § 101(2), Sept. 28, 1976, 90 Stat. 1314; Pub. L. 95–42, § 1(2), June 10, 1977, 91 Stat. 210.
The references to fiscal years 1978 and 1979 and the special account are omitted as obsolete.
Editorial Notes
References in TextSection 105(a)(2)(B) of the Gulf of Mexico Energy Security Act of 2006, referred to in subsec. (b), is section 105(a)(2)(B) of title I of div. C of Pub. L. 109–432, which is set out in a note under section 1331 of Title 43, Public Lands.
Amendments2019—Pub. L. 116–9 designated existing provisions as subsec. (a) and inserted heading, struck out “Not less than 40 percent of such appropriations shall be available for Federal purposes.” after “Fund.”, and added subsec. (b).