; and (ii) (I) the closest coastal point of which is not more than 200 nautical miles from the geographical center of any leased tract in the Alaska outer Continental Shelf region; or (II) (aa) the closest point of which is more than 200 nautical miles from the geographical center of a leased tract in the Alaska outer Continental Shelf region; and (bb) that is determined by the State to be a significant staging area for oil and gas servicing, supply vessels, operations, suppliers, or workers. (B) Institution of higher education The term institution of higher education has the meaning given the term in section 102 of the Higher Education Act of 1965 ( 20 U.S.C. 1002 ). (C) Qualified revenues (i) In general The term qualified revenues means all revenues derived from all rentals, royalties, bonus bids, and other sums due and payable to the United States from energy development in the Alaska outer Continental Shelf region. (ii) Exclusions The term qualified revenues does not include revenues generated from leases subject to section 8(g). (D) State The term State means the State of Alaska. (E) Workforce investment board The term workforce investment board means a State or local workforce investment board established under subtitle B of title I of the Workforce Investment Act of 1998 ( 29 U.S.C. 2811 et seq.). (2) Fiscal years 2017–2027 For each of fiscal years 2017 through 2027, the Secretary shall deposit— (A) 75 percent of qualified revenues in the general fund of the Treasury; (B) 7.5 percent of qualified revenues in a special account in the Treasury, to be distributed by the Secretary to the State; (C) 7.5 percent of qualified revenues in a special account in the Treasury, to be distributed by the Secretary to coastal political subdivisions; (D) 2.5 percent of qualified revenues in a special account in the Treasury, to be used to carry out the North Slope Science Initiative established under section 348(a)(1) of the Energy Policy Act of 2005 ( 42 U.S.C. 15906(a)(1) )