This bill proposes the transfer of tax revenue generated from marijuana sales to the Department of Natural Resources and Conservation, specifically for grants to conservation districts. It amends existing laws to establish a dedicated conservation district account within the state special revenue fund, which will be funded by coal severance taxes and a portion of the marijuana state special revenue account. The bill outlines specific funding amounts for the fiscal years 2024 through 2027, with an annual inflation adjustment thereafter.

Key amendments include the deletion of previous provisions related to the conservation district account and the introduction of new funding mechanisms. The bill specifies that the conservation district account will receive $3.75 million in fiscal year 2024, increasing to $6 million in fiscal year 2027 and beyond, adjusted for inflation. Additionally, it clarifies the distribution of excess funds from the marijuana state special revenue account, ensuring that a portion is allocated to support conservation efforts. The effective date for these changes is set for July 1, 2023.

Statutes affected:
SB0028_1.pdf: 16-12-111, 76-15-106
SB0028_2.pdf: 16-12-111, 76-15-106
Amended: 16-12-111, 76-15-106
Introduced: 16-12-111, 76-15-106