This bill amends Section 57-1306 of the Idaho Code to establish new provisions regarding the distribution and management of funds received from the federal government related to oil, gas, mineral lands, and renewable energy resources. Specifically, it mandates that ten percent of moneys received from the sale, royalties, bonuses, or rentals of renewable energy resources on federal lands be remitted to the general fund of the counties from which the resources were developed. Additionally, it stipulates that the remaining ninety percent of these funds, along with any moneys collected from the federal government pursuant to the Federal Power Act, be deposited into a newly created Renewable Energy Resources Fund.

The bill also clarifies that the funds in the Renewable Energy Resources Fund may be used for expenditures as appropriated and managed by the administrator of the Office of Energy and Mineral Resources. Furthermore, it defines "renewable energy resources" to include geothermal, wind, and solar resources. The bill declares an emergency, making it effective on July 1, 2025.

Statutes affected:
Bill Text: 57-1306