COBI 2015 - Mineral Lease

Overview
Issues
Performance
Financials

Sources Uses

FY 2016 Appropriation

Title 59-21-2(f) of the Utah Code Annotated requires the Department of Transportation to distribute 40% of all deposits made to the Mineral Lease Account to a county or special service districts organized throughout the State for areas impacted by mineral development. Title 59-21-2h of the Utah Code Annotated further requires the Department to distribute Mineral Lease Funds to each county in which school or institutional trust lands are located, or lands owned by the Division of Parks and Recreation, and or lands owned by the Division of Wildlife Resources that are not under an in lieu of taxes contract, an amount equal to the number of acres of those lands in the county multiplied by $.52.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $56,562,200 from all sources for Mineral Lease. This is a 14.4 percent reduction from Fiscal Year 2015 revised estimated amounts from all sources.

Appropriation Adjustments

In addition to statewide compensation and internal service fund cost increases, the following appropriation adjustments were made during the 2015 General Session:

DescriptionOngoingOne-Time UDOT Federal Mineral Lease Revenue Change ($9,533,800)$0

OngoingOne-TimeFinancing Source

($9,533,800)$0Federal Mineral Lease

No Description

Intent Language

SB0002: Item 30

The Legislature intends that the funds appropriated from the Federal Mineral Lease Account shall be used for improvement or reconstruction of highways that have been heavily impacted by energy development. The Legislature further intends that if private industries engaged in developing the State's natural resources are willing to participate in the cost of the construction of highways leading to their facilities, that local governments consider that highway as a higher priority as they prioritize the use of Mineral Lease Funds received through 59-21-1(4)(C)(i). The funds appropriated for improvement or reconstruction of energy impacted highways are nonlapsing.

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Appropriation History by

Programs	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Mineral Lease Payments	52,198,500	58,318,800	51,305,600	63,725,000	63,627,000	0	63,627,000	(9,647,900)	53,979,100
Payment in Lieu	2,992,100	3,069,300	3,143,300	3,208,700	2,469,000	0	2,469,000	114,100	2,583,100
Total	$55,190,600	$61,388,100	$54,448,900	$66,933,700	$66,096,000	$0	$66,096,000	($9,533,800)	$56,562,200

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Federal Mineral Lease	55,190,600	61,388,100	54,448,900	66,933,700	66,096,000	0	66,096,000	(9,533,800)	56,562,200
Total	$55,190,600	$61,388,100	$54,448,900	$66,933,700	$66,096,000	$0	$66,096,000	($9,533,800)	$56,562,200

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Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Other Charges/Pass Thru	55,190,600	61,388,100	54,448,900	66,933,700	66,096,000	0	66,096,000	(9,533,800)	56,562,200
Total	$55,190,600	$61,388,100	$54,448,900	$66,933,700	$66,096,000	$0	$66,096,000	($9,533,800)	$56,562,200

COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.