§ 15-38-302

15-38-302. Natural resources projects state special revenue account created -- revenue allocated -- limitations on appropriations from account. (1) There is a natural resources projects state special revenue account within the state special revenue fund established in 17-2-102. (2) There must be paid into the natural resources projects state special revenue account money allocated from: (a) the interest income of the resource indemnity trust fund under the provisions of 15-38-202; (b) the resource indemnity and ground water assessment tax under the provisions of 15-38-106; (c) the oil and natural gas production tax as provided in 15-36-331; and (d) the excess of the coal severance tax proceeds allocated by 85-1-603 to the renewable resource loan debt service fund above debt service requirements as provided in and subject to the conditions of 85-1-619. (3) Appropriations may be made from the natural resources projects state special revenue account for grants and loans for designated projects and the activities authorized in 85-1-602 and 90-2-1102. History: En. Sec. 28, Ch. 432, L. 2007.