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2010 SESSION

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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

• 01/13/10  House: Prefiled and ordered printed; offered 01/13/10 10102227D  pdf

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