qualified Outer Continental Shelf revenues

(10) Qualified Outer Continental Shelf revenues (A) In general The term “qualified Outer Continental Shelf revenues” means all amounts received by the United States from each leased tract or portion of a leased tract— (i) lying— (I) seaward of the zone covered by section 1337(g) of this title ; or (II) within that zone, but to which section 1337(g) of this title does not apply; and (ii) the geographic center of which lies within a distance of 200 nautical miles from any part of the coastline of any coastal State. (B) Inclusions The term “qualified Outer Continental Shelf revenues” includes bonus bids, rents, royalties (including payments for royalty taken in kind and sold), net profit share payments, and related late-payment interest from natural gas and oil leases issued under this subchapter. (C) Exclusion The term “qualified Outer Continental Shelf revenues” does not include any revenues from a leased tract or portion of a leased tract that is located in a geographic area subject to a leasing moratorium on January 1, 2005 , unless the lease was in production on January 1, 2005 .

Source

43 USC § 1356a(a)(10)


Scoping language

In this section
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