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ID H0047
Bill
Status
3/23/2015
Primary Sponsor
Resources and Conservation Committee
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AI Summary
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Creates the navigable waterways fund as a dedicated fund in the state treasury to receive revenue from navigable waterways, excluding mineral royalties
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Requires navigable waterways fund revenues to be expended only through appropriation for administration of navigable waterways
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Directs excess funds exceeding 200% of current year appropriations for navigable waterways administration to be deposited in the waterways improvement fund at the beginning of each fiscal year
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Deposits all mineral royalties from extraction in navigable waterways into the public school permanent endowment fund
Legislative Description
Amends existing law to provide that certain revenue from navigable waterways shall be deposited in the Navigable Waterways Fund, to provide that certain moneys shall be deposited in the Waterways Improvement Fund at the beginning of each fiscal year and to provide that royalties from extraction of minerals from navigable waterways shall be deposited in the Public School Permanent Endowment Fund.
LAND BOARD
Last Action
Reported Signed by Governor on March 23, 2015 Session Law Chapter 86 Effective: 07/01/2015
3/23/2015