SB23-139
State Severance Tax Trust Fund Allocation
Concerning the appropriation of money from the severance tax operational fund to the wildfire mitigation capacity development fund, and, in connection therewith, making an appropriation.
Session:
2023 Regular Session
Subject:
Bill Summary
Fiscal Policy & Taxes
The act 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 state fiscal year 2022-23 and makes a corresponding appropriation.
The act authorizes the general assembly to appropriate up to $5 million from the operational fund to the wildfire fund for state fiscal year 2023-24 and for each state 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.
APPROVED by Governor March 6, 2023
EFFECTIVE March 6, 2023
(Note: This summary applies to this bill as enacted.)