House Bill 515

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Last Action to Appropriations & Revenue (H)
Title AN ACT relating to coal severance tax revenues, making an appropriation therefor, and declaring an emergency.
Bill Documents Bill
Impact Statements Local Mandate
Bill Request Number 485
Sponsors T. Couch, F. Steele
Summary of Original Version Amend KRS 42.4582 to increase the amount of coal severance tax receipts deposited into the Local Government Economic Development Fund (LGEDF) from 50 percent to 75 percent beginning July 1, 2014; amend KRS 42.4585 to proportionately increase the amount of tax receipts deposited into the Local Government Economic Assistance Fund (LGEAF) from 15 percent to 22.5 percent; amend KRS 42.4592 to end the current allocation of LGEDF moneys into single-county accounts and begin directly disbursing these funds to the fiscal courts of coal-producing counties to be used for economic development projects approved by the Cabinet for Economic Development; close the multi-county fund and the current LGEDF grant program; amend KRS 42.460, 11A.233, 42.409, 42.455, 42.475, 42.480, 65.920, 91A.040, 154.12-2086, 154.12-224, 154.12-225, 154.22-040, and 154.32-050 to conform; amend KRS 164.7890 to end the off-the-top fund allocation for the pharmacy scholarship program; amend KRS 164.7891 to end the off-the-top fund allocation for the osteopathic scholarship program; repeal KRS 42.4588, 42.4595, 42,465, 42.490, and 42.495; APPROPRIATION; EMERGENCY; EFFECTIVE July 1, 2014.
Index Headings of Original Version Local Mandate - Coal severance tax receipts, amend distribution thereof through the LGEDF and LGEAF funds
Economic Development - Coal severance tax receipts, amend distribution thereof through the LGEDF and LGEAF funds
Economic Development - Coal severance tax receipts, distribute directly to fiscal courts for use in economic development
Education, Higher - Osteopathic scholarship program, remove coal severance tax receipt funding thereof
Education, Higher - Pharmacy scholarship program, remove coal severance tax receipt funding thereof
Effective Dates, Emergency - Coal severance tax receipts, amend LGEDF and LGEAF distributions, July 1, 2014
Local Government - Coal severance tax receipts, amend distribution thereof through the LGEDF and LGEAF funds
Taxation - Coal severance tax receipts, amend distribution thereof through the LGEDF and LGEAF funds
Taxation, Severance - Coal severance tax receipts, amend distribution thereof through the LGEDF and LGEAF funds
Appropriations - Coal severance tax receipts, amend distribution thereof through the LGEDF and LGEAF funds
Budget and Financial Administration - Coal severance tax receipts, amend distribution thereof through the LGEDF and LGEAF funds
Cities - Coal severance tax receipts, amend distribution thereof through the LGEDF and LGEAF funds
Coal - Coal severance tax receipts, amend distribution thereof through the LGEDF and LGEAF funds
Counties - Coal severance tax receipts, amend distribution thereof through the LGEDF and LGEAF funds

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03/04/14
  • introduced in House
03/05/14
  • to Appropriations & Revenue (H)


Last updated: 8/27/2019 6:52 PM (EDT)