Burton says administration to consider OCS revenue-sharing

The administration of President George W. Bush would consider sharing new offshore oil and gas revenues with coastal states but is concerned that provisions of a bill now in the House of Representatives would cost the government too much money, a Department of the Interior official told the House Resources Committee on June 14.Johnnie Burton, acting assistant Interior secretary for lands and minerals management, said the department has only recently begun to analyze the bill, HR 4761 drafted by Rep. Bobby Jindal (R-La.), which would create a new revenue-sharing zone 3-12 nautical miles offshore and give states a 50% share of revenues from leases farther out on the Outer Continental Shelf....

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