; and (B) by adding at the end the following: (2) Notwithstanding paragraph (1), any funds collected as a result of the amendments made by section 6(a) of the American Public Lands and Waters Climate Solution Act of 2019 shall be distributed consistent with the manner provided in section 6(d) of such Act. . (b) Conservation of Resources Fees There is established a Conservation of Resources Fee of $4 per acre per year on producing Federal onshore and offshore oil and gas leases. (c) Speculative leasing fee There is established a Speculative Leasing Fee of $6 per acre per year for Federal oil and gas nonproducing leases on and offshore. (d) Deposit (1) All funds collected pursuant to subsections (b) and (c) shall be deposited in the Federal Energy Transition Economic Development Assistance Fund established in section 7. (2) Fifty percent of funds collected as a result of the amendments made by this section shall be deposited in the Federal Energy Transition Economic Development Assistance Fund established in section 7. (3) Fifty percent of funds collected as a result of the amendments made by this section shall be returned to the States where production occurred. (e) Adjustment for Inflation The Secretary shall, by regulation at least once every four years, adjust each fee created by this section to reflect any change in the Consumer Price Index (all items, United States city average) as prepared by the Department of Labor. 7. Economic revitalization for fossil fuel dependent communities (a) Establishment of Federal Energy Transition Economic Development Assistance Fund There is established in the Treasury of the United States a fund, to be known as the Federal Energy Transition Economic Development Assistance Fund . Such fund consists of amounts deposited under section 6. (b) Distribution of Funds Of the amounts deposited into the Fund— (1) 35 percent shall be distributed by the Secretary to States in which extraction of fossil fuels occurs on public lands, based on a formula reflecting existing production and