§ 6506a.
(i)
Terms
(2)
Renewal of leases with discoveries
(3)
Renewal of leases without discoveries
At the end of the primary term of a lease the Secretary shall renew for an additional 10-year term a lease that does not meet the requirements of paragraph (1) if the lessee submits to the Secretary an application for renewal not later than 60 days before the expiration of the primary lease and pays the Secretary a renewal fee of $100 per acre of leased land, and—
(A)
the lessee provides evidence, and the Secretary agrees that, the lessee has diligently pursued exploration that warrants continuation with the intent of continued exploration or future potential development of the leased land; or
(B)
all or part of the lease—
(i)
is part of a unit agreement covering a lease described in subparagraph (A); and
(ii)
has not been previously contracted out of the unit.
(5)
Expiration for failure to produce
(l)
Receipts
(2)
Percent share for fiscal year 2034 and thereafter
Beginning in fiscal year 2034, of the receipts from sales, rentals, bonuses, and royalties on leases issued pursuant to this section after July 4, 2025—
(A)
70 percent shall be paid to the State of Alaska; and
(B)
30 percent shall be paid into the Treasury of the United States.
([Pub. L. 94–258, title I, § 107], formerly [Pub. L. 96–514, title I], Dec. 12, 1980, [94 Stat. 2964]; [Pub. L. 98–620, title IV, § 402(41)], Nov. 8, 1984, [98 Stat. 3360]; [Pub. L. 105–83, title I, § 128], Nov. 14, 1997, [111 Stat. 1568]; renumbered [Pub. L. 94–258, title I, § 107], and amended [Pub. L. 109–58, title III, § 347(a)(2)], (b), Aug. 8, 2005, [119 Stat. 704]; [Pub. L. 119–21, title V, § 50105(e)], July 4, 2025, [139 Stat. 144].)