SB 481
Modifies provisions relating to the distribution of revenue from mineral mining on federal land
Sponsor:
LR Number:
1652S.02I
Last Action:
4/4/2023 - Hearing Scheduled S Commerce, Consumer Protection, Energy and the Environment Committee
Journal Page:
Title:
Effective Date:
August 28, 2023

Current Bill Summary

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.

JULIA SHEVELEVA

Amendments

No Amendments Found.