Joint Budget Committee. If the state receives any federal mineral lease revenue from oil and gas production on naval oil shale reserve land that was set aside prior to January 1, 2009, and withheld by the federal government, then instead of depositing the money in the mineral leasing fund the state treasurer is required to distribute the money to the following counties or a related federal mineral lease district, if applicable:
- 40% to Garfield county;
- 40% to Rio Blanco county;
- 10% to Mesa county; and
- 10% to Moffat county.
The 'Federal Mineral Lease District Act' is amended to permit these distributions to be made to a federal mineral lease district, if one exists, on behalf of a county.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)