15-38-301. Natural resources operations state special revenue account created -- revenue allocated -- appropriations from account. (1) There is a natural resources operations state special revenue account within the state special revenue fund established in 17-2-102.
(2) Except to the extent required to be credited to the renewable resource loan debt service fund pursuant to 85-1-603, there must be paid into the natural resources operations state special revenue account:
(a) the interest income of the resource indemnity trust fund as provided in and subject to the conditions of 15-38-202;
(b) the metal mines license tax proceeds as provided in 15-37-117(1)(d);
(c) the oil and natural gas production tax as provided in 15-36-331;
(d) any fees or charges collected by the department pursuant to 85-1-616 for the servicing of loans, including arrangements for obtaining security interests; and
(e) fund transfers by the legislature.
(3) Appropriations may be made from the natural resources operations state special revenue account for administrative expenses, including salaries and expenses for personnel and equipment, office space, and other expenses necessarily incurred in the administration of natural resources operations.
History: En. Sec. 27, Ch. 432, L. 2007; amd. Sec. 8, Ch. 486, L. 2009.