S.B.
55
MINERAL LEASE ACT AMENDMENTS
House Floor
Amendments
Amendment 21 February 29, 2000 5:01 PM
Representative Tom Hatch proposes the following amendments:
1. Page 8, Line 219: Delete "17.16%" and insert "12.16%"
2. Page 8, Line 220: Delete "15%" and insert "20%"
3. Page 8, Line 221: After "(iv)" insert:
"(A) beginning on July 1, 2000, through June 30, 2001, 15% to the Mineral Bonus Account created by Section 59-21-2; and
(B) beginning on July 1, 2001,"
4. Page 8, Line 223: After "Section 9-14-102;" reinstate "and"
5. Page 8, Lines 225-231: Delete lines 225-231
6. Page 8, Line 232: Delete "(c)" and insert "(b)"
7. Page 8, Line 237: Delete "32.16%" and insert "29.66%"
8. Page 8, Line 238: Delete "7.5%" and insert "10%"
9. Page 8, Line 244: Delete "and (2)(c)" and insert ", (2)(b), and (4)"
10. Page 9, Line 245: Delete "or (2)(c)(iii)" and insert ", (2)(b)(iii), or (4)"
11. Page 9, Line 246: Delete the colon
12. Page 9, Lines 247- 249: Delete lines 247-249
13. Page 9, Line 250: Delete "(b)"
14. Page 9, Line 251: After line 251 insert:
"(a) what the total balance of the Constitutional Defense Restricted Account would be if, but for this Subsection (3), a distribution described in Subsection (2)(a)(iii), (2)(b)(iii), or (4) was made; and"
15. Page 9, Lines 252-258: Delete lines 252-258
16. Page 9, Line 259: Delete "(ii)" and insert "(b)"
17. Page 9, Lines 260-271: Delete lines 260-271 and after line 271 insert:
" (4) Notwithstanding Subsections (2)(a) and (b), and except as provided in Subsection (3), for fiscal years beginning on or after fiscal year 2000-01 the director shall deposit:
(a) the first $750,000 of distributions required by Subsections (2)(a)(iv) and (2)(b)(iv) into the Rural Electronic Commerce Communications System Fund; and
(b) any amounts exceeding the $750,000 described in Subsection (4)(a) that would be distributed into the Rural Electronic Commerce Communications System Fund but for this Subsection (4) into the Constitutional Defense Restricted Account. "
18. Page 9, Line 275: Reinstate "and (b)" and delete "through (2)(c)"