HB 18-1249

House Bill 18-1249, also known as the Anvil Points Federal Mineral Lease Distribution bill, directs how federal mineral lease revenue from oil and gas production should be distributed if it is received by the state. If the state gets money from leases on specific land set aside before January 1, 2009, instead of putting it into a general fund, 40% goes to Garfield County and Rio Blanco County each, while 10% goes to Mesa County and Moffat County. The bill also allows this distribution to be made directly to a federal mineral lease district if one exists for these counties. Since the status is "signed," this means the bill has been approved by both houses of the legislature and signed into law by the governor, so it's now in effect.

Official Summary

Joint Budget Committee. If the state receives any federal mineral lease revenue from oil and gas production on naval oil shale reserve land that was set aside prior to January 1, 2009, and withheld by the federal government, then instead of depositing the money in the mineral leasing fund the state treasurer is required to distribute the money to the following counties or a related federal mineral lease district, if applicable: 40% to Garfield county; 40% to Rio Blanco county; 10% to Mesa county; and 10% to Moffat county. The 'Federal Mineral Lease District Act' is amended to permit these distributions to be made to a federal mineral lease district, if one exists, on behalf of a county. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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