Alaska nets $5.4 million as its share of mineral revenues

Posted: Thursday, January 25, 2001

ANCHORAGE (AP) -- Alaska will receive $5,4 million as its 2000 share of mineral revenues collected from federal public lands located within its borders and from federal offshore tracts next to its seaward boundary. The money represents the State's share of bonuses, rents and royalties, officials with the federal Minerals Management Service said.

The agency is responsible for collecting and disbursing revenues associated with mineral leases on federal and Indian lands.

''A state is entitled to a share of the mineral revenues collected from federal lands located within that state's boundaries. As prescribed by the Alaska Statehood Act, Alaska gets a 90-percent share. The U.S. Treasury gets the remaining 10 percent,'' Acting MMS Director Thomas R. Kitsos said in a prepared statement. ''Coastal states, including Alaska, with federal offshore tracts adjacent to their seaward boundaries, receive 27 percent of those mineral royalties as well.''

Alaska received $4.1 million last year, the MMS said.

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