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THE CHAIRMAN CALLED THE QUESTION and <br />the Board, by a 3-2 vote (Commissioners Tippin and <br />Grin opposed) adopted Resolution 99-056 <br />expressing its support of proposed Federal <br />Legislation - Conservation and Reinvestment Act of <br />1999 (H.R. 701) and Reinvestment and <br />Environmental Resolution Act of 1999 (S. 25). <br />RESOLUTION NO. 99- 6 <br />A RESOLUTION OF THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, <br />EXPRESSING ITS SUPPORT OF PROPOSED FEDERAL <br />LEGISLATION - CONSERVATION AND REINVESTMENT <br />ACT OF 1999 (H.R. 701) AND REINVESTMENT AND <br />ENVIRONMENTAL RESOLUTION ACT OF 1999 (S.25). <br />WHEREAS, the development of federal oil and gas resources on the Outer <br />Continental Shelf (OCS) liquidates a capital asset of the nation; and <br />WHEREAS, a significant portion of the liquidated capital assets of the nation <br />should be reinvested in the conservation and enhancement of other precious capital <br />assets of our nation, including the coastal zone, inland habitat and wildlife resources; <br />and <br />WHEREAS, coastal states that host federal offshore oil and gas development <br />are suffering adverse impacts on their environment and increased pressure on their <br />public services for which mitigation and compensation should be made by the federal <br />government; and <br />WHEREAS, under the Mineral Lands Leasing Act, when federal mineral <br />resources are developed on shore, the federal government shares 50% of its revenues <br />from the development with the host state, <br />NOW, THEREFORE, BE IT RESOLVED, that the federal government should <br />share with the states, annually, as an entitlement, 50% of the revenues derived from <br />federal oil and gas development on the Outer Continental Shelf, with 27% being <br />distributed to all coastal states pursuant to the formula recommended by the OCS Policy <br />Committee to the Department of Interior in October, 1997, and 23% being distributed to <br />all states through the Land and Water Conservation Fund and a program of wildlife <br />conservation initiatives; and <br />BE IT RESOLVED FURTHER, that the Board of County Commissioners of <br />Indian River County, Florida endorses the Conservation and Reinvestment Act of 1999 <br />that has been introduced in the United States House of Representatives (H.R. 701) and <br />the Reinvestment and Environmental Restoration Act of 1999 that has been introduced <br />in the United States Senate (S.25) and recommends its enactment to the Governor of <br />Florida, the legislature of Florida, the Congressional delegates of the State, and the <br />entire United States Congress and the Administration. <br />JUNE 159 1999 <br />-33- <br />BOCK 1. PACES` <br />