The State - News from Oct. 24, 1985

The House of Representatives voted to ignore a Reagan Administration veto threat and endorsed a plan that would give seven coastal states, including California, a significant split of $6 billion in already-collected royalties from offshore oil leases. The plan also would guarantee the states a large share of future revenues. Under the plan, now attached to an omnibus bill designed to implement previously ordered budget cuts, California would net $375 million in oil revenues now and at least $225 million over the next few years. Administration officials claim the split is overly generous to the states and have listed it among several objections Reagan has to the entire deficit-cutting package, which might prompt the President to veto it.