U.S. Department of the
Interior Minerals Management Service
Office of Communications
U.S. Department of the
Interior
Minerals Management Service
Office of Communications
NEWS RELEASE
FOR RELEASE: November 21, 1996
CONTACT:
Thomas C. DeRocco
(202) 208-3983
Michael L. Baugher
(303) 231-3162
37 STATES RECEIVE $376 MILLION IN FIRST NINE MONTHS OF 1996 AS SHARE OF FEDERAL MINERAL REVENUES
The U.S. Department of the Interior's Minerals Management Service (MMS) today announced that it has distributed more than $376 million to 37 states during the first nine months of 1996. The money represents the states' cumulative share of revenues collected for mineral production on federal lands located within their borders and from federal offshore oil and gas tracts adjacent to their shores.
The MMS is responsible for collecting, accounting for, auditing and disbursing revenues associated with mineral leases on federal and Indian lands. Disbursements are made to states on a monthly basis as bonuses, rents, royalties and other revenues are collected.
A state is entitled to a share of the mineral revenues collected from federal lands located within that state's boundaries. For the majority of federal lands, states and the federal government share the revenues: 50 percent to the state, 40 percent to the Reclamation Fund for water projects, and 10 percent to the U.S. Treasury. One exception, Alaska, gets a 90-percent share, as prescribed by the Alaska Statehood Act.
Certain coastal states with federal offshore tracts adjacent to their seaward boundaries receive 27 percent of those mineral royalties as well. Remaining offshore revenues are deposited in special accounts of the U.S. Treasury, including the General Fund, the Land and Water Conservation Fund and the Historic Preservation Fund.
| Alabama | $8,926,315.95 | Michigan | $568,270.34 | Pennsylvania | $18,265.95 | ||
| Alaska | $3,912,166.92 | Minnesota | $6,108.77 | South Carolina | $138.75 | ||
| Arizona | $13,395.38 | Mississippi | $801,621.62 | South Dakota | $ 565,033.15 | ||
| Arkansas | $786,923.83 | Missouri | $952,411.49 | Tennessee | $63.36 | ||
| California | $23,186,709.05 | Montana | $15,422,786.43 | Texas | $8,530,815.37 | ||
| Colorado | $27,111,253.93 | Nebraska | $11,945.35 | Utah | $22,932,075.92 | ||
| Florida | $23,625.22 | Nevada | $4,383,017.83 | Virginia | $80,734.28 | ||
| Idaho | $1,213,856.13 | New Mexico | $95,660,437.51 | Washington | $420,975.47 | ||
| Illinois | $62,686.93 | North Carolina | $103.81 | West Virginia | $167,193.61 | ||
| Indiana | $103.90 | North Dakota | $1,905,841.67 | Wisconsin | $849.33 | ||
| Kansas | $809,600.66 | Ohio | $117,904.17 | Wyoming | $140,366,307.29 | ||
| Kentucky | $75,777.22 | Oklahoma | $1,427,813.83 | ||||
| Louisiana | $16,010,547.05 | Oregon | $31,800.89 | Total | $376,505,478.36 | ||
-MMS-
MMS's Website Address:
http//www.mms.gov
MMS's 24-hour Fax-on-Demand Service: (202) 219-1703