This bill amends Section 57-1306 of the Idaho Code to establish new provisions regarding the distribution of funds received from the federal government related to oil, gas, mineral lands, and renewable energy resources. Specifically, it mandates that ten percent (10%) of moneys received from the federal government for renewable energy resources and additional funds collected pursuant to the federal power act be allocated to the general fund of the counties from which these resources are developed. The remaining ninety percent (90%) of these funds will be deposited into a newly created renewable energy resources fund, which can be utilized for various purposes as determined by the office of energy and mineral resources.

Additionally, the bill clarifies the use of funds by specifying that moneys remitted to counties must be used for the construction and maintenance of public roads or for supporting public schools. The bill also includes technical corrections and declares an emergency, making it effective on July 1, 2025. The amendments aim to enhance the management and distribution of funds derived from federal resources, ensuring that local counties benefit from the extraction and development of these resources.

Statutes affected:
Bill Text: 57-1306