Feds reverse sequester of states' Mineral Leasing Act revenues - KFBB.com News, Sports and Weather

Feds reverse sequester of states' Mineral Leasing Act revenues

Posted: Updated:

In Helena General Tim Fox announced that the U.S. Department of the interior has reversed its decision to withhold Mineral Leasing Act revenue from the states. The decision was made after a letter that Attorney General Tim Fox and nine other western states wrote protesting the sequestering of the funds. Montana would have lost $2.4 million dollars in revenue per year based on 2012. The Interior Department says the money will be given to the states sometime after the end of the fiscal year after September 13th.

"I'm very pleased that nearly $2.4 million that Montana was owed through an existing agreement will be on its way soon," said Attorney General Tim Fox. "This is money that our counties need to fund essential services like roads and bridges, and should not have been targeted in the first place by the federal government as a way to balance the books in Washington."

The Interior Department's Office of Natural Resources Revenue had notified states in March that it would withhold payments from March through July, and possibly August and September, saying the move was required by the 5.1% across-the-board sequestration cuts. More than half of the states receive mineral royalties, with western states relying heavily on this revenue because of the disproportionate amount of federal land with valuable minerals located in western states. In a bi-partisan letter sent on August 2 to President Barack Obama, U.S. Department of the Interior Secretary Sally Jewell, U.S. Department of Agriculture Secretary Tom Vilsack, and Office of Management and Budget Director Sylvia Mathews Burwell, members of the Conference of Western Attorneys General strongly objected to the loss of revenue, which is statutorily guaranteed to the states.

Powered by WorldNow


  • Sports
  • Community

  • Community
  • Powered by WorldNow
    All content © Copyright 2000 - 2014 WorldNow and Max Media. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.