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139 STAT. 151 PUBLIC LAW 119–21—JULY 4, 2025 (A) public lands (as defined in section 103 of the Fed- eral Land Policy and Management Act of 1976 (43 U.S.C. 1702)); and (B) National Forest System land. (5) RENEWABLE ENERGY PROJECT.—The term ‘‘renewable energy project’’ means a system described in section 2801.9(a)(4) of title 43, Code of Federal Regulations (as in effect on the date of enactment of this Act), located on covered land that uses wind or solar energy to generate energy. (6) SECRETARY.—The term ‘‘Secretary’’ means— (A) the Secretary of the Interior, with respect to land controlled or administered by the Secretary of the Interior; and (B) the Secretary of Agriculture, with respect to National Forest System land. (b) DISPOSITION OF REVENUE.— (1) DISPOSITION OF REVENUES.—Beginning on January 1, 2026, the amounts collected from a renewable energy project as bonus bids, rentals, fees, or other payments under a right- of-way, permit, lease, or other authorization shall— (A) be deposited in the general fund of the Treasury; and (B) without further appropriation or fiscal year limita- tion, be allocated as follows: (i) 25 percent shall be paid from amounts in the general fund of the Treasury to the State within the boundaries of which the revenue is derived. (ii) 25 percent shall be paid from amounts in the general fund of the Treasury to each county in a State within the boundaries of which the revenue is derived, to be allocated among each applicable county based on the percentage of county land from which the rev- enue is derived. (2) PAYMENTS TO STATES AND COUNTIES.— (A) IN GENERAL.—Amounts paid to States and counties under paragraph (1) shall be used in accordance with the requirements of section 35 of the Mineral Leasing Act (30 U.S.C. 191). (B) PAYMENTS IN LIEU OF TAXES.—A payment to a county under paragraph (1) shall be in addition to a pay- ment in lieu of taxes received by the county under chapter 69 of title 31, United States Code. (C) TIMING.—The amounts required to be paid under paragraph (1)(B) for an applicable fiscal year shall be made available in the fiscal year that immediately follows the fiscal year for which the amounts were collected. SEC. 50304. RESCISSION OF NATIONAL PARK SERVICE AND BUREAU OF LAND MANAGEMENT FUNDS. There are rescinded the unobligated balances of amounts made available by the following sections of Public Law 117–169 (com- monly known as the ‘‘Inflation Reduction Act of 2022’’) (136 Stat. 1818): (1) Section 50221 (136 Stat. 2052). (2) Section 50222 (136 Stat. 2052). (3) Section 50223 (136 Stat. 2052). Allocations. Effective date.