Kentucky House Bill 426 (Prior Session Legislation)

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February 22 2012 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]

Amend KRS 42.450 to set forth distribution requirements from the local government economic assistance fund; amend KRS 42.455 to delete provisions relating to the coal haul road system under the local government economic assistance program; amend KRS 42. 4582 to revise the distribution formula for funds from the local government economic development fund; amend KRS 42.4595, 42.460, 42.409, 91A.040, 154.12-2086, 11A.233, 65.920, 154.22-040, 154.32-050, 154.12-225, and 154.12-224, to conform; amend 154.47-035, 154.47-040, and 154.47-070 to remove references to funding from the local government coal severance funds; amend KRS 164.7980 and 164.7891 to conform, and to remove provisions requiring a transfer of funds from local government coal severance funds; amend KRS 342.122 to delete transfer of funds from the local government economic assistance program to the Kentucky Workers' Compensation Funding Commission; repeal KRS 42.4585, 42.4586, 42.4588, 42.4592, 42.465, 42.470, 42.472, 42.475, 42.480, 42.485, 42.490, 42,495, and 48.112; provide that outstanding debt previously paid from local government coal severance funds will be paid out of the general fund portion of coal severance receipts until paid; provide that the act will be effective July 1, 2012; EMERGENCY.

AN ACT relating to distribution of coal severance tax receipts, making an appropriation therefor and declaring an emergency.

Rep Nelson, Rick

Rep Steele, Fitz

Date	Chamber	Action
2012-02-22		to Appropriations & Revenue (H)
2012-02-21		introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/12RS/HB426.htm
Text	http://www.lrc.ky.gov/record/12RS/HB426/bill.doc