2008 Senate Joint Resolution M

Revise Natural Resources Trust Fund rules

Introduced in the Senate

April 17, 2008

Introduced by Sen. Patricia Birkholz (R-24)

To place before voters in the next general election a Constitutional amendment to revise the rules for use of the money in the Natural Resources Trust Fund. The trust fund receives money from oil, gas, and mineral royalties and leases on state-owned lands and uses this for land acquisitions, and conservation and recreation projects. The amendment would allow the fund to go into debt so it could purchase more land, and allow the trust fund to spend up to two-thirds of the revenue it takes in year, rather than one-third under current law.

Referred to the Committee on Natural Resources and Environmental Affairs