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Mineral severance taxes-distribution. |
01LSO-0240.L2 |
FISCAL NOTE
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FY 2003 |
FY 2004 |
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NON-ADMINISTRATIVE IMPACT |
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Anticipated Revenue Increases (Decreases): |
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BUDGET RESERVE ACCOUNT |
-10,600,000 |
0 |
0 |
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GENERAL FUND |
-28,500,000 |
0 |
0 |
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HIGHWAY FUND |
4,500,000 |
0 |
0 |
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L.U.S.T. |
1,800,000 |
0 |
0 |
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LOCAL GOVT. MIN. ROY. |
400,000 |
0 |
0 |
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LOCAL SOURCES FUND –Cities & Towns |
7,800,000 |
0 |
0 |
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LOCAL SOURCES FUND - Counties |
2,800,000 |
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PERM. MINERAL TRUST FUND |
18,500,000 |
0 |
0 |
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STATE-COUNTY ROAD FUND |
600,000 |
0 |
0 |
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WATER DEVELOPMENT I FUND |
900,000 |
0 |
0 |
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WATER DEVELOPMENT II FUND |
1,700,000 |
0 |
0 |
Source of revenue increase and decreases:
This bill has no cumulative net impact. Aside from $100,000 in rounding, this legislation redistributes existing severance tax revenue streams for one fiscal year.
Assumptions:
The above estimates are based upon October 2000 CREG price and production projections.
This fiscal impact is prepared independent of any other legislation, including other legislation that may impact severance tax distributions.
Prepared by: Don Richards, LSO Phone: 777-7881