Now, in section 101(c), the bill provides that an analogous formula shall be used where funds are distributed directly to political subdivisions smaller than a State. Consistent with our shared purpose to eliminate any unintended incentive to increase OCS activities, would the gentleman agree that the use of the term analogous in section 101(c) means that the payments under this subsection will include only those leased tracts which meet the criteria in subsection (b) on the date of enactment, and that there will be no recalculation of this formula at a later date?
Ed Markey: “Now, in section 101(c), the bill provides that an analogous formula shall be used where funds are distributed directly…”
Editor's note · Context
Discussing the distribution of funds to political subdivisions in relation to OCS activities.
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