Alaska gets half the receipts and then 70 percent from fiscal year 2034
What the document says“for each of fiscal years 2025 through 2033, 50 percent shall be paid to the State of Alaska; and”
The section provides that, notwithstanding section 35 of the Mineral Leasing Act (30 U.S.C. 191) and section 20001(b)(5) of Public Law 115-97, 50 percent of the adjusted bonus, rental and royalty receipts from the program and Coastal Plain operations goes to the State of Alaska for each of fiscal years 2025 through 2033, and 70 percent for fiscal year 2034 and each year after, with the balance deposited in the Treasury as miscellaneous receipts.
What the document actually says“for each of fiscal years 2025 through 2033, 50 percent shall be paid to the State of Alaska; and”
Half the money goes to the State of Alaska. That holds for fiscal years 2025 through 2033.
From fiscal year 2034 the state's share rises to 70 percent. The rest goes to the Treasury. Two rules in older laws are set aside to do this.
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