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ND SB2105
Bill
Status
3/20/2013
Primary Sponsor
Finance and Taxation Committee
Click for details
AI Summary
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State Treasurer shall allocate legislatively appropriated funds to cities, county general funds, and school districts in coal-producing counties to offset 50 percent of lost coal severance tax revenue allocated to non-coal-producing counties in the previous calendar year.
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Funds shall be distributed during the first month of each calendar year within the limits of legislative appropriations, using the same allocation method as subdivision a of the statute.
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State Treasurer must include estimated necessary amounts in each biennial budget request, based on allocations from the most recent calendar years.
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Bill becomes effective January 1, 2014.
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Senate passed 46-0 (1 absent); House passed 92-0 (2 absent).
Legislative Description
Reimbursement of coal severance tax allocated to a non-coal-producing county; and to provide an effective date.
Last Action
Signed by Governor 03/19
3/20/2013