SB 302
Creates provisions relating to mining royalties on federal land
Sponsor:
LR Number:
1127S.01I
Last Action:
2/4/2021 - Second Read and Referred S Commerce, Consumer Protection, Energy and the Environment Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2021

Current Bill Summary

SB 302 - Under this act, all moneys paid to the state by the U.S. Secretary of the Treasury from mining royalties on federal land in the state shall be deposited in the "Federal Mineral Royalties Distribution Fund" created in the act. Within three months following the calendar quarters ending in March, June, September, and December, the Director of the Department of Revenue shall certify to the State Treasurer the amount of moneys received for the royalties.

The State Treasurer shall allocate the total money received among the counties in which the minerals were produced based on the proportion each county's mineral royalty revenue bears to the total received by the state.

50% of the money received shall be allocated and paid to the counties for planning, construction, and maintenance of county roads, public facilities, and public services. The remaining moneys received shall be allocated and paid to the school districts of the state in proportion to the area of federal mining lands in each school district.

This act is identical to HB 1 (extra session #2 (2020)).

JAMIE ANDREWS

Amendments

No Amendments Found.