Industrial road program.

WORKING DRAFT
2007
STATE OF
WYOMING
07LSO-0473

SENATE FILE
NO.
SF0082

Industrial road program.

Sponsored by:
Senator(s) Cooper and Representative(s) Davison

A BILL

for

AN ACT relating to
highways; increasing funds required in the industrial road
program
account;
increasing percentage of severance tax distributed to the highway fund;
and providing for an effective date.

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

Section 1.
W.S. 24
‑
5
‑
118
and 39
‑
14
‑
801
(e)(i) and (iv)

are
amended to read:

24
‑
5
‑
118.

Industrial road program account.

The transportation commission shall set aside and appropriate out of funds in their possession or under their control, not otherwise appropriated, the sum of
four million dollars ($4,000,000.00)

eight
million dollars ($
8
,000,000.00)
at the beginning of each biennium to be placed in an account known as the industrial road program account within the highway fund. All funds not used during each biennium shall lapse and be returned to the general account of the highway fund.

39
‑
14
‑
801.

Severance tax distributions; distribution account created; formula.

(e)

Deposits into the account created by subsection (a) of this section shall be distributed as follows, subject to subsections (b) through (d) of this section:

(i)

To the general fund,
sixty-two and twenty-six hundredths percent (62.26%)

sixty and ninety-sixth
hundredths percent (
60
.9
6
%)
;

(iv)

To the highway fund,
four and thirty-three hundredths percent (4.33%)

five and sixty-three hundredths
percent (
5.63
%)
, except that if the total unencumbered revenues within the state park road account created by W.S. 24
‑
14
‑
102 are less than five hundred thousand dollars ($500,000.00) on July 1, 2001 or on July 1 of any even-numbered year thereafter, the state treasurer shall first distribute revenues to that account in an amount equal to five hundred thousand dollars ($500,000.00) less the total unencumbered revenues in the account on July 1 of that year;

Section 2.
This act is effective July 1, 200
7
.

(END)

1
SF0082