1999-056 - Laserfiche WebLink

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RESOLUTION NO. 99- 6 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, EXPRESSING ITS SUPPORT OF PROPOSED FEDERAL LEGISLATION - CONSERVATION AND REINVESTMENT ACT OF 1999 (H.R. 701) AND REINVESTMENT AND ENVIRONMENTAL RESOLUTION ACT OF 1999 (S.25). WHEREAS, the development of federal oil and gas resources on the Outer Continental Shelf (OCS) liquidates a capital asset of the nation; and WHEREAS, a significant portion of the liquidated capital assets of the nation should be reinvested in the conservation and enhancement of other precious capital assets of our nation, including the coastal zone, inland habitat and wildlife resources; and WHEREAS, coastal states that host federal offshore oil and gas development are suffering adverse impacts on their environment and increased pressure on their public services for which mitigation and compensation should be made by the federal government; and WHEREAS, under the Mineral Lands Leasing Act, when federal mineral resources are developed on shore, the federal government shares 50% of its revenues from the development with the host state, NOW, THEREFORE, BE IT RESOLVED, that the federal government should share with the states, annually, as an entitlement, 50% of the revenues derived from federal oil and gas development on the Outer Continental Shelf, with 27% being distributed to all coastal states pursuant to the formula recommended by the OCS Policy Committee to the Department of Interior in October, 1997, and 23% being distributed to all states through the Land and Water Conservation Fund and a program of wildlife conservation initiatives; and BE IT RESOLVED FURTHER, that the Board of County Commissioners of Indian River County, Florida endorses the Conservation and Reinvestment Act of 1999 that has been introduced in the United States House of Representatives (H.R. 701) and the Reinvestment and Environmental Restoration Act of 1999 that has been introduced in the United States Senate (S.25) and recommends its enactment to the Governor of Florida, the legislature of Florida, the Congressional delegates of the State, and the entire United States Congress and the Administration.