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Support for Schools and State Budgets After Energy Policy Changes

This act aims to provide financial stability to states, counties, and Indian Tribes that lose mineral revenues due to changes in federal policy. Citizens may experience more stable funding for local services, such as education, thanks to compensation for lost income. These funds are intended to supplement, not replace, other federal funding.
Key points
States, counties, and Indian Tribes will receive payments to compensate for lost mineral revenue.
These funds are intended to support local budgets, potentially leading to more stable funding for schools and other public services.
Payment amounts will be calculated based on the difference between historical revenues and current mineral payments.
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Additional Information
Print number: 117_S_1740
Sponsor: Sen. Heinrich, Martin [D-NM]
Process start date: 2021-05-20