Section 1357.5 - Deposit of revenue(a)Payments derived from State-owned land.--Notwithstanding section 1 of the act of December 15, 1955 (P.L.865, No.256), entitled "An act requiring rents and royalties from oil and gas leases of Commonwealth land to be placed in a special fund to be used for conservation, recreation, dams, and flood control; authorizing the Secretary of Forests and Waters to determine the need for and location of such projects and to acquire the necessary land," all payments or royalties received by the department pursuant to a contract or lease under section 3 in fiscal year 2011-2012 and every year thereafter shall be deposited as follows: (1) Sixty percent of payments or royalties received by the department shall be deposited in the Oil and Gas Lease Fund.(2) Twenty-five percent of payments or royalties received by the department shall be allocated to the Pennsylvania Infrastructure Investment Authority established under the act of March 1, 1988 (P.L.82, No.16), known as the Pennsylvania Infrastructure Investment Authority Act. The authority may use these funds to provide grants for nonpoint source best management practices to implement the Chesapeake Bay Watershed Implementation Plan and total maximum daily load plan implementation Statewide, in addition to the authority's other permitted uses.(3) Fifteen percent of payments or royalties received by the department shall be retained by the State agency where the coal, oil, natural gas, coal bed methane or limestone is leased or extracted.(b) Payments derived from State system land .--All payments or royalties derived from any lease entered into under section 4 i n fiscal year 2012-2013 and each fiscal year thereafter shall be allocated as follows:(1) Fifty percent shall be retained by the university where the coal, oil, natural gas, coal bed methane or limestone is leased or extracted and shall be used by the university for deferred maintenance projects or energy efficiency or energy cost saving improvements.(2) Thirty- five percent shall be allocated to the State System of Higher Education for distribution among those universities where no coal, oil, natural gas, coal bed methane or limestone have been leased or extracted. The distribution formula shall be determined by the Board of Governors of the State System of Higher Education. Funds distributed under this paragraph shall only be used for deferred maintenance or energy efficiency or energy cost saving improvements .(3) Fifteen percent shall be allocated to the system for distribution to all 14 universities for the waiver of tuition fees and other charges and fees pursuant to policies issued under section 2006-A(a)(13) of the act of March 10, 19 49 (P.L.30, No.14), known as the Public School Code of 1949.(c)Executively authorized augmentations.--The costs incurred by the department or the Department of Conservation and Natural Resources in advertising and contracting, leasing or conveying the resources, including the fees of any survey, appraisal or report, shall be deducted from payments or royalties and that amount shall be an executively authorized augmentation to the appropriation to the department or the Department of Conservation and Natural Resources.Added by P.L. 1194 2012 No. 147, § 5, eff. 10/8/2012.