West Virginia House Bill 4129 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 7-4)
Status: Introduced on January 19 2012 - 25% progression, died in committee
Action: 2012-01-19 - To House Energy, Industry and Labor, Economic Development and Small Business
Pending: House Energy, Industry and Labor, Economic Development and Small Business Committee
Text: Latest bill text (Introduced) [HTML]

The purpose of this bill is to reallocate and dedicate three percent of oil and gas severance tax revenues up to $20 million annually to the oil and gas producing counties of origin and their respective municipalities. The bill establishes state and local oil and gas county reallocated severance tax funds and provides for distribution of the moneys to the county commissions and governing bodies of the municipalities by the State Treasurer. The bill establishes amounts each oil and gas producing county and their respective municipalities are to receive and requires the creation of local funds into which moneys are to be deposited. The bill requires the funds to be used solely for economic development projects and infrastructure projects. The bill also provides restrictions on fund expenditures. The bill sets forth duties of State Tax Commissioner. The bill requires a report of expenditures to Joint Committee on Government and Finance. The bill also provides for audits of distributed funds when authorized by the Joint Committee on Government and Finance. The bill authorizes legislative and emergency rules. This section is new; therefore, it has been completely underscored.

Reallocating and dedicating three percent of oil and gas severance tax revenues to the oil and gas producing counties of origin

Sen. Ryan Ferns [R]	Del. Michael Ferro [D]	Del. Roy Givens [D]	Del. Ronnie Jones [D]
Del. Tim Miley [D]	Del. Amanda Pasdon [R]	Del. David Pethtel [D]	Del. William Romine [R]
Del. Erikka Storch [R]	Del. Randal Swartzmiller [D]	Del. Scott Varner [D]

Date	Chamber	Action
2012-01-19		To House Energy, Industry and Labor, Economic Development and Small Business
2012-01-19		Introduced in House
2012-01-19		To Energy, Industry and Labor, Economic Development and Small Business then Finance
2012-01-19		Filed for introduction

SB157 (Same As) 2012-02-22 - To Finance

Chapter	Article	Section	Citation Type	Statute Text
11	13A	5b	New Code	See Bill Text

Type	Source
Summary	http://www.legis.state.wv.us/Bill_Status/Bills_history.cfm?input=4129&year=2012&sessiontype=RS&btype=bill
Text	http://www.legis.state.wv.us/Bill_Status/bills_text.cfm?billdoc=hb4129%20intr.htm&yr=2012&sesstype=RS&i=4129