This bill appropriates additional funds to the Office of Energy and Mineral Resources for the fiscal year 2026, totaling $529,300, which includes $11,300 from the Miscellaneous Revenue Fund. However, it also reduces the appropriation for personnel costs by $48,300, with specific reductions of $30,400 from the Renewable Energy Resources Fund and $17,900 from the Petroleum Price Violation Fund. Additionally, the bill authorizes an increase of one full-time equivalent position for the Office during the same fiscal period.
Furthermore, the bill mandates that the Office of Energy and Mineral Resources provide a report to the Joint Finance-Appropriations Committee by December 1, 2025, detailing the use of the appropriated funds, measurable actions, and ongoing projects related to the Strategic Permitting, Efficiency, and Economic Development Council (SPEED). The report's format must be approved by the Budget and Policy Analysis Division of the Legislative Services Office. The bill also includes various conditions, limitations, and restrictions on the appropriations and declares an emergency, making it effective from July 1, 2025.