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r � <br />BOCK a kA'U. <br />r-2; <br />13.A.1. CHAIRMAN KENNETH R MRCHT - PROPOSED <br />RESOLUTION EXPRESSING SUPPORT OF PROPOSED <br />FEDERAL LEGISLATION - CONSERVATION AND <br />REEWESTMENT ACT OF 1999 M.R. 701) AND <br />REEWESTMENT AND ENVIRONMENTAL <br />RESTORATION ACT OF 1999 (S.25) (FEDERAL OIL <br />AND GAS RESOURCES ON THE OUTER <br />CONTINENTAL SHELF) <br />The Board reviewed a letter of May 24, 1999: <br />Chauman of the Board <br />Jack C Cam"ll Secretary <br />Low,stana Department of Natural Resources <br />May 24, 1999 <br />Mr. Barry Evans <br />County Administrator <br />Indian River County <br />Florida <br />Via facsimile: 850-595-0908 <br />Program Manager <br />Robert Szabo <br />Washington. D C Office <br />Re: Conservation and Reinvestment Act of 1999 (KJL 701) <br />Reinvestment and Environmental Restoration Act of 1999 (S. 25) <br />Dear Mr. Evans, <br />Thank you for your time today to discuss the "Fair Share" legislation — <br />Conservation and Reinvestment Act (CARA). As I indicated, this Federal bill could be <br />one of the most significant pieces of legislation for our nation's coastal areas It will- <br />provide <br />illprovide approximately $1 billion in new Federal money annually to coastal states and <br />local governments. <br />1 encourage the Indian River County Commission to support this important <br />bipartisan legislation. Attached are informational -fact sheets for your review and <br />discussion with Commission members. Included in the materials is a sample Resolution <br />that we hope you will adopt, and forward to your Congressional delegation encouraging <br />cosponsorship of the bills. <br />As 1 said. CARA distributes 50110 of the annual Federal receipts (60% in the <br />House Bill) from offshore oil & gas development to states and local governments, which <br />is equivalent to the treatment of revenues from onshore federal oil and gas development. <br />This "Fair Share" of offshore revenues, about $2 billion a year, will be distributed <br />through three programs. <br />Title I of the bill, provides 27elo of the annual revenues to ALL coastal states and <br />territories, not just those states that "host- federal Outer Continental Shelf (OCS) oil and <br />gas development. Florida stands to gain approximately $85,500,000 (based on MMS <br />estimated revenues) in Title I Coastal Impact Assistance. <br />Title Il is the Land and Water Conservation Fund of which Florida would receive <br />over $11,000,000 approximately; and Title M is for wildlife initiatives of which Florida <br />Council for Conservation and Reinvestment of Outer Continental Shelf Revenues <br />Department of Natural Resources • Office of the Secretary • P.O. Box 94398 • Baton Rouge, Louisiana 70804.9398 <br />Louisiana phone 225.342.2710 or 225-342-4844 • Washington, D.C. phone 202.298-1920 <br />Louisiana fax 225.342-3442 • www.00Sievenue.org • Washington, D.C. fax 202-338-2418 <br />JUNE 19 1999 <br />