98RS HB498


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HB 498/FN (BR 1905) - T. Pope, R. Adkins, S. Alexander, M. Bowling, H. Collins, H. Deskins Jr, P. Mason, G. Stumbo, B. Yonts

     AN ACT relating to forfeited mining reclamation bonds.
     Amend KRS 350.139 to create a supplemental fund for the interest accrued from forfeited mining reclamation bonds; designate how supplemental funds shall be used for reclamation; amend KRS 350.131 to conform; amend KRS 350.990 to require 50% of funds collected from penalties to be placed in the bond pool fund and 50% to be placed in the supplemental fund when the bond pool fund is in excess of sixteen million dollars or a higher amount established by an actuarial study; designate that the bond pool fund maintain a balance of sixteen million dollars or a higher amount as may be established by an actuarial study.

     Feb 4-introduced in House
     Feb 5-to Natural Resources and Environment (H)
     Feb 23-posted in committee
     Feb 26-reported favorably, 1st reading, to Calendar
     Feb 27-2nd reading, to Rules
     Mar 2-posted for passage in the Regular Orders of the Day for March 3, 1998
     Mar 4-3rd reading, passed 92-0
     Mar 5-received in Senate
     Mar 6-to Agriculture and Natural Resources (S)
     Mar 18-reported favorably, 1st reading, to Consent Calendar
     Mar 19-2nd reading, to Rules
     Mar 20-posted for passage in the Consent Orders of the Day for March 24, 1998
     Mar 24-3rd reading, passed 38-0; received in House
     Mar 25-enrolled, signed by each presiding officer, delivered to Governor
     Apr 1-signed by Governor

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