14RS House Bill 515

House Bill 515

Actions

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

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