Current through the 2023 Regular Session
Section 15-38-302 - Natural resources projects state special revenue account created - revenue allocated - limitations on appropriations from account(1) There is a natural resources projects state special revenue account within the state special revenue fund established in 17-2-102.(2) There must be paid into the natural resources projects state special revenue account money allocated from: (a) the interest income of the resource indemnity trust fund under the provisions of 15-38-202;(b) the resource indemnity and ground water assessment tax under the provisions of 15-38-106;(c) the oil and natural gas production tax as provided in 15-36-331; and(d) the excess of the coal severance tax proceeds allocated by 85-1-603 to the renewable resource loan debt service fund above debt service requirements as provided in and subject to the conditions of 85-1-619.(3) Appropriations may be made from the natural resources projects state special revenue account for grants and loans for designated projects and the activities authorized in 85-1-602 and 90-2-1102.En. Sec. 28, Ch. 432, L. 2007.