; (II) revenues generated from leases subject to section 8(g); and (III) the portion of rental revenues in excess of those that would have been collected at the rental rates in effect before August 5, 1993. (2) Deposit of qualified revenues (A) Phase I With respect to qualified revenues under leases awarded under the first leasing program approved under section 18(a) that takes effect after the date of the enactment of this section, the Secretary of the Treasury shall deposit or allocate, as applicable— (i) 87.5 percent into the general fund of the Treasury; and (ii) 12.5 percent to States in accordance with paragraph (3). (B) Phase II With respect to qualified revenues under leases awarded under the second leasing program approved under section 18(a) that takes effect after the date of the enactment of this section, the Secretary of the Treasury shall deposit or allocate, as applicable— (i) 75 percent into the general fund of the Treasury; and (ii) 25 percent to States in accordance with paragraph (3). (C) Phase III With respect to qualified revenues under leases awarded under the third leasing program approved under section 18(a) that takes effect after the date of the enactment of this section and under any such leasing program subsequent to such third leasing program, the Secretary of the Treasury shall deposit or allocate, as applicable— (i) 50 percent into the general fund of the Treasury; and (ii) 50 percent into a special account in the Treasury from which the Secretary of the Treasury shall disburse— (I) 75 percent to States in accordance with paragraph (3); (II) 12.5 percent to the Secretary of Transportation for energy infrastructure development in coastal ports