SB 481 - Thompson Rehder, Holly
Modifies provisions relating to the distribution of revenue from mineral mining on federal land
Bill Details
Sponsor
LR Number
1652S.02I
Title
SB 481
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2023
Current Status
SCS Voted Do Pass S Commerce, Consumer Protection, Energy and the Environment Committee (1652S.03C)
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SCS/SB 481 - This act provides that all mineral products extracted from national forest reserves shall be distributed for the benefit of public schools and roads pursuant to the provisions of the federal law.
Under the act, eighty-five percent of the total revenue of such mineral products shall be distributed to counties where mining occurs in proportion to the minerals extracted per year in each county where mining occurs. Fifteen percent of the total revenue of such mineral products shall be distributed equally between the counties where mining does not occur. The revenue allocated to each county shall be equally divided between the public schools and roads of such county.
This act is identical to a provision in SCS/HCS/HB 631 (2023), SCS/HCS/HB 779 (2023), HCS/HBs 948 & 915 (2023), CCS/HCS/SB 109 (2023), HB 948 (2023).
JULIA SHEVELEVA