HB18-1249

HB18-1249 - Anvil Points Federal Mineral Lease Distribution

Passed/Signed into Law
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.

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.)

 

Senate Committees

Latest update: March 22, 2018
03/22/2018 - Governor Signed
03/22/2018 - Sent to the Governor
03/22/2018 - Signed by the President of the Senate
03/22/2018 - Signed by the Speaker of the House
03/21/2018 - Senate Third Reading Passed - No Amendments
03/20/2018 - Senate Second Reading Special Order - Passed - No Amendments
03/20/2018 - Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
03/19/2018 - House Third Reading Passed - No Amendments
03/19/2018 - Introduced In Senate - Assigned to Appropriations
03/16/2018 - House Second Reading Special Order - Passed with Amendments - Committee
03/16/2018 - House Committee on Appropriations Refer Unamended to House Committee of the Whole
03/05/2018 - House Committee on Finance Refer Amended to Appropriations
02/21/2018 - Introduced In House - Assigned to Finance