New caps are set on distributed outer Continental Shelf revenues
What the document says“$650,000,000 for each of fiscal years 2025 through 2034; and”
The section amends section 105(f)(1) of the Gulf of Mexico Energy Security Act of 2006 (43 U.S.C. 1331 note; Public Law 109-432) by closing the existing item at 2024 and adding caps of $650,000,000 for each of fiscal years 2025 through 2034 and $500,000,000 for each of fiscal years 2035 through 2055.
What the document actually says“$650,000,000 for each of fiscal years 2025 through 2034; and”
The cap is $650 million a year. That covers fiscal years 2025 through 2034.
A second cap follows it. From 2035 to 2055 the figure is $500 million. The older law it sits in is not indexed here.
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