Senate amendment will preserve states’ royalties |

Senate amendment will preserve states’ royalties

The Associated Press
Glenwood Springs, CO Colorado

WASHINGTON (AP) ” The Senate has passed an amendment that would encourage Congress to preserve states’ share of oil and gas royalties.

The amendment, sponsored by Wyoming Sen. Mike Enzi, passed as part of a larger budget resolution early Friday morning. While the resolution is nonbinding and will not be signed into law, it serves as a blueprint for congressional spending decisions.

Under Enzi’s amendment, the government and the states would evenly split the royalties as they did before December of last year, when Bush signed a wide-ranging spending bill that gives the U.S. government 52 percent.

Wyoming could lose an estimated $20 million due to the change.

Enzi and Wyoming Sen. John Barrasso, both Republicans, on Friday wrote members of Congress who sit on the spending committees, asking them to reverse the change in the next budget year.

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