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ND HB1377
Bill
Status
4/27/2015
Primary Sponsor
Jeff Delzer
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AI Summary
HB 1377 Summary
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Creates a political subdivision allocation fund in the state treasury to receive oil and gas tax revenue and distribute allocations to eligible political subdivisions in oil-producing counties based on their proportional share of oil and gas gross production tax allocations.
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Modifies the strategic investment and improvements fund by reducing the threshold for transferring excess funds to the legacy fund from $300 million to when unobligated balance exceeds the amount needed for appropriations.
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Establishes a tiered deposit system for state oil and gas tax revenues effective after June 30, 2015, directing excess revenues after specified allocations to be split 70 percent to the strategic investment and improvements fund and 30 percent to the political subdivision allocation fund.
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Imposes a moratorium from June 1, 2015 through June 30, 2017 on county road fees beyond those in the uniform county truck permit program, unless operators voluntarily agree to pay additional fees.
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Directs the legislative management to study uniform truck permitting systems in oil and gas producing counties and report findings to the 65th legislative assembly.
Legislative Description
The property tax relief sustainability fund; to provide a continuing appropriation; to provide for a legislative management study; to provide a moratorium on county road fees; to provide an effective date; and to declare an emergency.
Last Action
Signed by Governor 04/27
4/27/2015