SEC. 304. RESERVE FUND FOR
LAND AND WATER CONSERVATION FUND.
- (1) the Committee on Energy and Natural Resources reports a bill or
joint resolution, or an amendment is offered thereto, or a conference report is
submitted thereon, that permits exploration and production of oil in the 1002
Area of the Arctic National Wildlife Refuge, and such measure is enacted;
and
- (2) the reconciliation instruction set out in section 201(a)(4) is
met,
- provided that the committee is within its allocation as provided
under section 302(a) of the Congressional Budget Act of 1974, the chairman of
the Committee on the Budget of the Senate may make the adjustments described in
subsection (b).
- (b) ADJUSTMENT FOR THE LAND AND WATER CONSERVATION FUND PROGRAMS
AND ADDITIONAL LAND CONSERVATION PROGRAMS- If the Committee on Appropriations
of the Senate reports a bill or joint resolution, or if an amendment is offered
thereto or a conference report is submitted thereon that provides funding for
the programs described in this subsection at least at the previous year's
levels, adjusted for inflation, and makes available a portion of the receipts
resulting from enactment of the legislation described in subsection (a) for the
Land and Water Conservation Fund, Federal Land Acquisition and Stateside Grant
Programs, and for the Coastal and Estuarine Land Protection Program, and for
the Forest Legacy Program, the chairman of the Committee on the Budget may
revise committee allocations for that committee and other appropriate budgetary
aggregates and allocations of new budget authority and outlays by the amount
provided by that measure for that purpose, but the adjustment may not exceed
$350,000,000 in new budget authority in each of fiscal years 2008 through
2010
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