Introduced
by
To revise the rules for use of the money in the Natural Resources Trust Fund. The trust fund receives money from oil, gas, and mineral royalties and leases on state-owned lands and uses this for land acquisitions, and conservation and recreation projects. The bill would allow the fund to go into debt so it could purchase more land. The bill is tie-barred (can’t become law unless that measure also does) to Senate Joint Resolution M, which would allow the trust fund to spend up to two-thirds of the revenue it takes in year, rather than one-third allowed under current law.
Referred to the Committee on Natural Resources and Environmental Affairs
