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2010 SESSION
HB 805 Offshore drilling; portion of royalties to be deposited in Transportation Trust Fund.
Introduced by: Charles D. Poindexter | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
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.
FULL TEXT
HISTORY
- 01/13/10 House: Prefiled and ordered printed; offered 01/13/10 10102227D
- 01/13/10 House: Referred to Committee on Appropriations
- 01/19/10 House: Assigned App. sub: Transportation
- 02/01/10 House: Subcommittee recommends incorporating (HB756-Stolle) by voice vote
- 02/01/10 House: Incorporated by Appropriations (HB756-Stolle) by voice vote