Federal mineral royalty cap-increase.

WORKING DRAFT
2006
STATE OF
WYOMING
06LSO-0226

HOUSE BILL
NO.
HB0021

Federal mineral royalty cap-increase.

Sponsored by:
Joint Revenue Interim Committee

A BILL

for

AN ACT relating to public funds; providing for the distribution of federal mineral royalties as specified; providing for application of the act; and providing for an effective date.

Be It Enacted by the Legislature of the State of
Wyoming
:

Section 1.

W.S. 9
‑
4
‑
601(a)(intro) is amended to read:

9
‑
4
‑
601.

Distribution and use; funds, accounts, cities and towns benefited; exception for bonus payments.

(a)

All monies received by the state of Wyoming from the secretary of the treasury of the United States under the provisions of the act of congress of February 25, 1920 (41 Stat. 437, 450; 30 U.S.C. §§ 181, 191), as amended, or from lessees or authorized mine operators and all monies received by the state from its sale of production from federal mineral leases subject to the act of congress of February 25, 1920 (41 Stat. 437, 450; 30 U.S.C. §§ 181, 191) as amended, except as provided by subsection (b) of this section, shall be deposited into an account and the first
two hundred million dollars ($200,000,000.00)
two hundred fifty million dollars ($250,000,000.00)
of revenues received in any fiscal year shall be distributed by the state treasurer as provided in this subsection. One percent (1%) of these revenues shall be credited to the general fund as an administrative fee, and the remainder shall be distributed as follows:

Section 2.
This act shall apply to distributions of fiscal year 2007 revenues, and thereafter.

Section 3.
This act is effective July 1, 2006.

(END)

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HB0021