Offshore drilling; portion of royalties to be deposited in Transportation Trust Fund. (HB805)
Introduced By
Del. Charles Poindexter (R-Glade Hill) with support from 9 copatrons, whose average partisan position is:
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Royalties from offshore drilling. Requires that 80 percent of any revenues and royalties paid to the Commonwealth as a result of offshore natural gas and oil drilling shall be deposited to the Transportation Trust Fund. The remaining 20 percent shall be used to encourage and incentivize non-petroleum based transportation fuels. View Full Text »
Status
02/01/2010: Merged into HB756
View Bill's History
