SB260 Summary

• Proposes constitutional amendment prohibiting transfers of State Parks Fund and Parks Revolving Fund monies to other accounts or purposes except for state parks system support, upkeep, and maintenance.

• Allows tax revenue reductions to state parks system when guest revenues to Parks Revolving Fund exceed $50 million annually (adjusted for inflation), redirecting excess funds to General Fund.

• Authorizes up to $110 million in bonds ($104 million for state parks system improvements and $6 million for public historical sites and parks) to be issued by state corporations.

• Provides exceptions allowing Department of Conservation and Natural Resources to permit non-state entity operation of hotels, golf courses, and restaurants at state parks with sleeping accommodations or golf courses.

• Requires lakes built with bond proceeds to maintain 600-foot buffer between shoreline and private property, with water sales revenues repaid to match bond debt service rates.