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HB18-1249

Anvil Points Federal Mineral Lease Distribution

Concerning the requirement that the state treasurer distribute any federal funds related to the naval oil shale reserve land to specified counties or their federal mineral lease districts.
Session:
2018 Regular Session
Subjects:
Fiscal Policy & Taxes
State Government
Bill Summary

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.)

Status

Introduced
Passed
Became Law

Bill Text