SB17-260
Severance Tax Cash Fund Transfers To General Fund
Concerning transfers to the general fund from cash funds with severance tax revenues.
Session:
2017 Regular Session
Subjects:
Bill Summary
State Government
State Revenue & Budget
Joint Budget Committee. On June 30, 2018, the state treasurer is required to transfer the following amounts to the general fund:
- $11.425 million from the severance tax perpetual base fund;
- $11.425 million from the severance tax operational fund; and
- $22.85 million from the local government severance tax fund.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)