12RS HB426
LRC Seal

HB426

12RS

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HB 426/LM (BR 498) - R. Nelson, F. Steele

     AN ACT relating to distribution of coal severance tax receipts, making an appropriation therefor and declaring an emergency.
     Amend KRS 42.450 to set forth distribution requirements from the local government economic assistance fund; amend KRS 42.455 to delete provisions relating to the coal haul road system under the local government economic assistance program; amend KRS 42. 4582 to revise the distribution formula for funds from the local government economic development fund; amend KRS 42.4595, 42.460, 42.409, 91A.040, 154.12-2086, 11A.233, 65.920, 154.22-040, 154.32-050, 154.12-225, and 154.12-224, to conform; amend 154.47-035, 154.47-040, and 154.47-070 to remove references to funding from the local government coal severance funds; amend KRS 164.7980 and 164.7891 to conform, and to remove provisions requiring a transfer of funds from local government coal severance funds; amend KRS 342.122 to delete transfer of funds from the local government economic assistance program to the Kentucky Workers' Compensation Funding Commission; repeal KRS 42.4585, 42.4586, 42.4588, 42.4592, 42.465, 42.470, 42.472, 42.475, 42.480, 42.485, 42.490, 42,495, and 48.112; provide that outstanding debt previously paid from local government coal severance funds will be paid out of the general fund portion of coal severance receipts until paid; provide that the act will be effective July 1, 2012; EMERGENCY.

     Feb 21-introduced in House
     Feb 22-to Appropriations & Revenue (H)


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