Bill Title: House Substitute for SB 245 by Committee on Appropriations - Education funding; relating to mineral production; creating the mineral production education fund, crediting 20% of remainder from oil and gas tax into such fund, moneys expended on education; abolishing the oil and gas valuation depletion trust fund; allowing the counties to retain funds already in such county's oil and gas valuation depletion trust fund; concerning school financing sources; proceeds from the tax levied by a school district under authority of K.S.A. 2013 Supp. 72-6431, remitted to the state treasury to the credit of the state school district finance fund not to the district's general fund; making and concerning appropriations for fiscal year 2017.

Spectrum: Committee Bill

Status: (Passed) 2014-05-30 - Senate Approved by Governor on Wednesday, 14 May 2014 [SB245 Detail]

Text: Latest bill text (Enrolled) [PDF]

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