Alternative Energy Advancement Act
Last action on Jul 14, 2008Referred to the Subcommittee on Energy and Environment.
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Summary
Alternative Energy Advancement Act - Establishes in the Treasury a Trust Fund for deposit of all amounts received by the United States as bonus bids, rents, royalties under leases for exploration, development, and production of oil and gas awarded after enactment of this Act for any area of federal lands or of federal submerged lands of the outer Continental Shelf that, on the enactment of this Act, are withdrawn from such leasing or for which the expenditure of federal funds for such leasing is prohibited.
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