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Legislative Year: 2021 Change
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Bill Detail: SB21-220

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Title Reverse Transfers From Severance Tax Operational Fund
Status Governor Signed (04/30/2021)
Bill Subjects
  • Natural Resources & Environment
  • State Revenue & Budget
House Sponsors L. Herod (D)
Senate Sponsors B. Rankin (R)
C. Hansen (D)
House Committee Appropriations
Senate Committee Appropriations
Date Introduced 04/05/2021
Summary

Joint Budget Committee. Money in the severance tax operational
fund (operational fund) is primarily used for 2 purposes. The general
assembly annually appropriates money from the operational fund for

several core departmental programs. If money remains after these
appropriations and after a reserve requirement for the core departmental
programs is satisfied, then the state treasurer transfers money to several
funds that support natural resources and energy grant programs (grant
programs). On August 15, 2020, the state treasurer made these transfers
to the grant programs based on revenue that was available for the fiscal
year 2019-20.
Based on recent forecasts, however, there will be insufficient
revenue in the operational fund for the core departmental programs. To
avoid a fund deficit in the operational fund, the bill reverses 5 transfers
made in the following amounts:
  • $1,998,205 for the species conservation trust fund;
  • $1,600,964 for the parks and wildlife aquatic nuisance
species fund;
  • $219,803 for the water efficiency grant program cash fund;
  • $297,759 for the interbasin compact committee operation
fund; and
  • $3,996,410 for the water supply reserve fund.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (04/05/2021) (most recent)  
Additional Bill Documents Bill Documents
Including:
  • Past bill versions
  • Past fiscal notes
  • Committee activity and documents
  • Bill History
 
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Audio [This feature is available by subscription.]  
Votes House and Senate Votes
Vote Totals Vote Totals by Party
 
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