Senate Bill No. 2249 Summary

• Amends the deposit order for state revenues from oil and gas taxes collected under chapters 57-51 and 57-51.1, establishing a prioritized distribution to multiple state funds on a biennial basis.

• Increases the state disaster relief fund cap from $15 million to $20 million and increases the municipal infrastructure fund deposit from $15 million to $30 million 375 thousand dollars.

• Maintains deposits to the state general fund ($200 million first, $200 million fourth), tax relief fund ($200 million), budget stabilization fund ($75 million), lignite research fund ($10 million), strategic investment and improvements fund ($400 million), and new airport infrastructure fund ($20 million).

• Deposits equal amounts to both the municipal infrastructure fund and county and township infrastructure fund, with remaining revenues directed to the strategic investment and improvements fund.

• Effective for taxable events occurring after June 30, 2021.