§ 701c-3. — Lease receipts; payment of portion to States.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 33USC701c-3]
TITLE 33--NAVIGATION AND NAVIGABLE WATERS
CHAPTER 15--FLOOD CONTROL
Sec. 701c-3. Lease receipts; payment of portion to States
75 per centum of all moneys received and deposited in the Treasury
of the United States during any fiscal year on account of the leasing of
lands acquired by the United States for flood control, navigation, and
allied purposes, including the development of hydroelectric power, shall
be paid at the end of such year by the Secretary of the Treasury to the
State in which such property is situated, to be expended as the State
legislature may prescribe for the benefit of public schools and public
roads of the county, or counties, in which such property is situated, or
for defraying any of the expenses of county government in such county or
counties, including public obligations of levee and drainage districts
for flood control and drainage improvements: Provided, That when such
property is situated in more than one State or county, the distributive
share to each from the proceeds of such property shall be proportional
to its area therein. For the purposes of this section, the term
``money'' includes, but is not limited to, such bonuses, royalties and
rentals (and any interest or other charge paid to the United States by
reason of the late payment of any royalty, rent, bonus or other amount
due to the United States) paid to the United States from a mineral lease
issued under the authority of the Mineral Leasing Act for Acquired Lands
[30 U.S.C. 351 et seq.] or paid to the United States from a mineral
lease in existence at the time of the acquisition of the land by the
United States.
(Aug. 18, 1941, ch. 377, Sec. 7, 55 Stat. 650; July 24, 1946, ch. 596,
Sec. 5, 60 Stat. 642; June 16, 1953, ch. 114, 67 Stat. 61; Sept. 3,
1954, ch. 1264, title II, Sec. 206, 68 Stat. 1266; Pub. L. 102-486,
title XXV, Sec. 2506(c), Oct. 24, 1992, 106 Stat. 3107.)
References in Text
The Mineral Leasing Act for Acquired Lands, referred to in text, is
act Aug. 7, 1947, ch. 513, 61 Stat. 913, as amended, which is classified
generally to chapter 7 (Sec. 351 et seq.) of Title 30, Mineral Lands and
Mining. For complete classification of this Act to the Code, see Short
Title note set out under section 351 of Title 30 and Tables.
Amendments
1992--Pub. L. 102-486 inserted sentence at end defining term
``money'' for purposes of this section.
1954--Act Sept. 3, 1954, extended the 75 percent rental provision so
as also to include moneys received and deposited with respect to the
leasing of lands acquired for navigation and allied purposes.
1953--Act June 16, 1953, inserted ``or for defraying any of the
expenses of county government in such county or counties, including
public obligations of levee and drainage districts for flood control and
drainage improvements'' after ``situated''.
1946--Act July 24, 1946, increased the percentage return to the
States from 25 percent to 75 percent.
Section Referred to in Other Sections
This section is referred to in section 702a-12 of this title.
