House Bill No. introduced by J. Schillinger and others aims to revise the distributions and allocations of interest from the Coal Severance Tax Permanent Fund. The bill appropriates a portion of the interest to highway-related accounts and extends the termination dates for appropriations from the fund. Key amendments include the allocation of $2 million each fiscal year to the Department of Justice to partially fund highway patrol officers' salaries and the remainder of the interest income to the Department of Transportation for highway-related purposes. The bill also updates the termination date for certain provisions from June 30, 2027, to June 30, 2029.

Additionally, the bill amends several sections of existing law to ensure that the allocations from the coal severance tax collections are properly directed to various accounts, including those for library services, conservation districts, and agricultural development. The effective date of the act is set for July 1, 2025. Overall, the bill seeks to enhance funding for highway safety and infrastructure while maintaining support for other essential services funded by coal severance taxes.

Statutes affected:
LC Text: 15-35-108
HB0615_1(1): 15-35-108
HB0615_1(2): 15-35-108
HB0615_1(3): 15-35-108
HB0615_1: 15-35-108