TN HB1517

Mineral severance tax revenues must be credited to the county road fund and used exclusively for construction, maintenance, and repair of the county road system

Counties receiving mineral severance tax revenue must submit annual written reports within 90 days after the end of each fiscal year to the Commissioner of Transportation and chairs of relevant Senate and House transportation committees

Reports must detail the amount deposited into the county road fund, the amount spent, and how expenditures were designated for road construction, maintenance, and repair

Annual reports are subject to audit by the Comptroller of the Treasury

Takes effect immediately upon becoming law