State Severance Tax Trust Fund Allocation

Joint Budget Committee. The bill authorizes the general assembly to appropriate up to $10 million from the severance tax operational fund (operational fund) to the wildfire mitigation capacity development fund (wildfire fund) for fiscal year 2022-23 and makes a corresponding appropriation. The bill authorizes the general assembly to appropriate up to $5 million from the operational fund to the wildfire fund beginning in fiscal year 2023-24 and in each fiscal year thereafter. Such appropriations may be made only if less than 100% of the money available in the operational fund is used for current core programs.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)