qualified Outer Continental Shelf revenues
Defined in 1 dictionary — U.S. Code
United States Code
43 U.S.C. § 1356A — in this section (5 versions over time)
The term “qualified Outer Continental Shelf revenues” means all amounts received by the United States from each leased tract or portion of a leased tract—
(i) lying—
(I) seaward of the zone covered by section 1337(g) of this title; or
(II) within that zone, but to which section 1337(g) of this title does not apply; and
(ii) the geographic center of which lies within a distance of 200 nautical miles from any part of the coastline of any coastal State.
43 U.S.C. § 1356A — in this section
The term “qualified Outer Continental Shelf revenues” includes bonus bids, rents, royalties (including payments for royalty taken in kind and sold), net profit share payments, and related late-payment interest from natural gas and oil leases issued under this subchapter.