WeVote
Log In

Bill

Bill

LC 4211

Revise allocations of coal trust revenue

2025 Regular Session

Overview: Bill Number: LC 4211, Title: Revise allocations of coal trust revenue, Status: (LC) Draft Delivered to Requester, Introduced: December 30, 2024Purpose and Intent: The pri

(LC) Draft Delivered to Requester
#appropriations(seealso:statefinance) #highwaysandroads #lawenforcement(seealso:criminalprocedure) #statefinance(seealso:appropriations;taxationsubjects) #taxation--coal(seealso:appropriations #coaltaxfundprincipal)
0
WeVote Research Nonpartisan
Bill Summary · LC 4211

Overview: Bill Number: LC 4211, Title: Revise allocations of coal trust revenue, Status: (LC) Draft Delivered to Requester, Introduced: December 30, 2024

Purpose and Intent: The primary goal of this bill is to modify the allocation of revenue generated from the state's coal severance tax. It aims to redirect a portion of these funds to support infrastructure projects and law enforcement initiatives, while maintaining the existing allocations to the state's general fund and coal trust fund.

Key Provisions:
- Adjusts the percentage of coal severance tax revenue allocated to the general fund, from 50% to 45%
- Establishes a new allocation of 10% of coal severance tax revenue to a "Coal Infrastructure Fund" for transportation and other infrastructure projects
- Directs 5% of coal severance tax revenue to a "Coal Law Enforcement Fund" to support public safety initiatives in coal-producing regions
- Maintains the existing 35% allocation to the state's Coal Trust Fund for long-term investment

Affected Parties and Impacts:
- State and local governments will have access to additional funding for infrastructure and law enforcement
- The Coal Trust Fund's principal balance and investment earnings may be impacted by the reduced allocation
- Residents and businesses in coal-producing areas may benefit from improved public services and infrastructure

Procedural and Timeline Considerations:
- This bill is currently in the draft stage and has been delivered to the requester
- If introduced and passed, the new revenue allocation formula would take effect at the start of the next fiscal year

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.