Page 4/The Battalion/Friday, March 14, 1986
Texas to get millions
from offshore oil deal
Associated Press
WASHINGTON — The Rea
gan administration agreed with
members of ('ongress Thursday
on a split of long-disputed off
shore oil revenues that would
mean $382 million for Texas by
April 15.
The compromise would free
$1.4 billion for seven coastal
states and about $4.6 billion in
revenues accumulated over the
past seven years to apply against
this year's budget deficit.
More than $7 billion has accu
mulated in escrow' accounts since
1978, when Congress requited a
“fair and equitable” distribution
of revenue from federal tracts
that border state waters.
Texas’ share under the com
promise would be $382 million
compared with the $424 million
the state would have gotten un
der the House-passed version of
the deficit reduction bill that in
cludes the provision.
The state also would get an ad
ditional $134 million over the
next 15 years to settle a dispute
over how much money should
have been put into escrow.
The administration had of
fered 27 percent of up-front bo
nuses and annual rentals, but
balked at yielding a fixed per
centage of production loyalties,
which account for the lion’s share
of the revenues from a tract be
cause they can run for decades.
States insisted on a flat 27 per
cent of all royalties and wrote that
figure into a deficit reduction bill.
Administration officials said the
bill might be vetoed because of
the inclusion of royalties.
Rep. Henson Moore, R-La.,
met 1 hursday morning with Re
publican Senate leaders, Budget
Director William Miller and Inte
rior Secretary Donald Hodel,
then in the afternoon with Rea
gan, Miller and Hodel to nail
down the compromise, said his
aide Cal Odom.
The compromise on offshore
revenues did not necessarily
mean passage of the bill, because
disputes remained on other pro
visions.
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CAMPUS INTERVIEWS
FOR CONSTRUCTION JOBS
April 4, 1986
Martin K. Eby Construction Company, Inc., one of the
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Our company does heavy civil, industrial and building
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Agency requests $54,500 for 1986-87
CS Council amends alarm code
By CRAIG RENFRO
Suit I Writer
The College Station City Council
Thursday heard a request for fund
ing from the Department of Mental
Health and Mental Retardation and
passed an ordinance amending the
city’s alarm system code.
MHMR has requested $54,500 for
the 1986-87 fiscal year. City man
ager William Cole said funding for
MHMR will come from the city’s rev
enue-sharing funds.
Although the city’s revenue fund
currently has a balance of $50,000, it
will receive an additional $150,000
from the federal government in the
next fiscal year.
Cole said the 1987 fiscal year will
lie the last year the city will receive
revenue-sharing funds from the fed
eral government.
Mayor Gary Halter said the local
community will have to pick up a
greater share of MHMR’s costs after
revenue funds run out.
The council also amended the
city’s alarm code to require property
owners to return to their properties
in the event of an alarm.
The amendment also would im
pose a $25 fine af ter the second false
alarm.
City attorney Cathy Locke said the
amendment was prepared at the re
quest of the College Station Police
Department because it has had prob
lems with false alarms over the last
several months.
In other business, the council
passed two amendments to the city's
zoning ordinances establishing new
zoning districts.
The first amendment created a
commercial, planned-unit devel
opment zone, which will encourage
ef ficient use of commercial sites and
promote innovative use of modern
development concepts.
David Brochu of the Planning and
/.oning (iommiitee said ttoj
mem will allow for morel
lor developers in parking*
back requirements.
Setback requirements
tames that buildings musll
sti in ted 11 om st reels andoi!i|
nesses.
I hese requirements
lerent zones.
1 he committee’s secoodl
mem would provide for dtl
lisbiuent nl ,i commercialNj
zone.
Brochu said this aniendmj
eases parking and setbacki
ments and will make id
tahlish new businesses.
Experts to discuss why there has been no nuclear wai
AUSTIN — Soviet and U.S. ex
perts will gather at the LIniversity of
T exas April 3 and 4 to discuss why
there has been no nuclear war over
the past Lout decades.
Elspeth Rostow, professor of
American studies and government
at UT, said Wednesday the meet
ing’s aim is to find out what went
right in U.S.-Soviet relations since
the end of World War II.
“ The absence of war is a consider
able achievement given the level of
pessimism that existed in the imme
diate post-war era regarding the in
evitability of a nuclear exchange,’’
she said.
The proposal was endorsed by
both the Moscow-based Soviet Insti
tute for the Study of the U.S.A. and
Canada and by the U.S. Embassy in
Moscow.
The Soviets recently confirmed
their participation and said their
representatives would include Roald
Sagdeyev, director of the Soviet
Space Research Institute, whose
Vega 1 and 2 satellites ikl
ptmided the most detailed|
to date of
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the tore oil
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They’re headed for a place
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COLUMBIA PICTURES presents a MARK CARUNER production a WALTER HILL film
RALPH MACCHIO JOE SENECA "CROSSROADS 1 ’ JAMI GERTZ
RY COODER faSSSSTIM ZINNEMANN *g?&BMtJOHN BAILEY WT7 WJOHN FUSCO
MARK CARUNER ““"ft WALTER HILL #
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Mon-FrI 7:35 9:55
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AT THE END OF A CENTURY
THE PEOPLE OF AURORA, TEXAS
HAD AN ENCOUNTER THAT
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NEW WORLD PICTURES
*n|* PICTlRtS Alt HICHTi
Mon-FrI 7:20 9:35
Sat-Sun 2:30 4:50 7:20 9:35
from the Producers
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The Siege...The Ordeal...
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Mon-Fri 8:30
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Mon-Fri 7:05 9:55
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NOMINATED FORII
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Whoopi Goldberg In
Steven Spielberg
The
Purple
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Mon-Fri 7:15 9:35
Sat-Sun 2:30 4:50 7:15 9:35
Share It With Someone You L«
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