H2461B2883A03816 AJB:MAC 03/29/22 #90 A03816
AMENDMENTS TO HOUSE BILL NO. 2461
Sponsor: REPRESENTATIVE OWLETT
Printer's No. 2883
Amend Bill, page 1, line 2, by inserting after "development;"
making an appropriation;
Amend Bill, page 2, by inserting between lines 4 and 5
"Upfront payments." All payments received by the
Commonwealth which are paid at the time that a lease is entered
into under this act.
Amend Bill, page 3, lines 25 through 27, by striking out all
of said lines and inserting
Section 4. Use of fund and grant program.
(a) Initial deposits.--All revenue generated from leases
under this act shall be deposited into the Oil and Gas Lease
Fund.
(b) Appropriation.--Money deposited into the Oil and Gas
Lease Fund under subsection (a) which is attributable to upfront
payments made in consideration for a lease under this act is
hereby appropriated on a continuing basis to the department for
the grant program under subsection (c). The appropriation under
this subsection shall not lapse.
(c) Grant program.--
(1) The department shall establish a grant program under
this act to fund stream maintenance and clearing projects.
The department shall prioritize awarding the money under the
grant program to all of the following:
(i) Projects designed to mitigate the risk of
flooding.
(ii) Projects that have the potential to preserve
farmland or residential property from flooding.
(ii) Projects from areas of this Commonwealth that
have been under Federal or State disaster emergency
related to flooding within the last five years.
(2) The department shall award the money under the grant
program to projects in different areas of this Commonwealth.
A proposed project within a single county or municipality
shall not receive more than 10% of the money under the grant
program distributed by the department in a given year.
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See A03816 in
the context
of HB2461