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2024 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Marsden
Co-Patron(s): Deeds
State Parks Corporate Income Tax Revenue Distribution (SB 451)

Item 360 #3s

Item 360 #3s

First Year - FY2025 Second Year - FY2026
Natural and Historic Resources
Department of Conservation and Recreation FY2025 $100,000,000 FY2026 $100,000,000 GF

Language
Page 417, line 33, strike "$100,711,089" and insert "$200,711,089".
Page 417, line 33, strike "$98,359,044" and insert "$198,359,044".

Page 419, after line 32, insert:

"U. Out of the amounts in this Item, an amount estimated at $100,000,000 the first year and $100,000,000 the second year from the general fund shall be deposited to the State Parks Conservation Resources Fund, consistent with the provisions of Senate Bill 451 (2024)."



Explanation

(This amendment provides an amount estimated at $100.0 million each year from the general fund for deposit to the State Parks Conservation Resources Fund. The amendment provides for the fiscal impact of Senate Bill 451 which requires five percent of all corporate income tax revenues to be distributed to the State Park Conservation Resources Fund for the conservation, development, maintenance, and operations of state parks acquired or held by the Department of Conservation and Recreation beginning July 1, 2024.)