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IN HB1220
Bill
Status
1/13/2015
Primary Sponsor
William Friend
Click for details
AI Summary
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Establishes the recreational trail maintenance fund to receive money for distribution to responsible parties to defray costs of maintaining recreational trails, administered by the department.
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Requires the auditor of state to transfer annually to the fund from the state general fund an amount equal to 10% of state gross retail tax collected on the first Saturday of June (National Trails Day).
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Fund sources include general assembly appropriations, donations and gifts, federal grants, and the annual National Trails Day sales tax transfer.
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Transfer must be completed before July 30 of each year, with fund expenses paid from money in the fund.
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Money in the fund does not revert to the state general fund at the end of the fiscal year, and investment interest accrues to the fund.
Legislative Description
Recreational trail maintenance fund. Provides for an annual transfer from the state general fund to the recreational trail maintenance fund equal to 10% of the state sales tax collected on the first Saturday of June (National Trails Day).
Last Action
First Reading: referred to Committee on Ways and Means
1/13/2015