Interior Releases FY 2011 Minerals Payments
Under provisions of the Mineral Leasing Act, states receive a share of the receipts collected from the sale, lease, or development of mineral resources located on federal lands. On November 7, 2011, the Department of Interior (DOI) released the federal fiscal year (FY) 2011 state payment information under the mineral leasing program. Overall, states received just under $2 billion in mineral leasing revenues for FY 2011, a 9.3% increase from FY 2010. This Issue Brief provides background on the mineral revenue payments and recent state payments.