Environmental & Healthcare Legislative Watch50 States · D.C. · U.S. Congress
From official state and federal legislative records. Informational only, not legal advice.
With a committee
A small team of lawmakers (a committee) is reading it closely and deciding if it's a good idea.
Next: the committee votes on whether it moves to the full chamber.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
Fiscal Summary STATE GOVERNMENTREVENUEGeneral FundRural Revenue Equity FundFY26-27 & Subsequent Years($210,000,000)$210,000,000 EXPENDITURESRural Revenue Equity FundFY26-27 & Subsequent Years$120,500Total Positions Required: 1 OTHER FISCAL IMPACT The extent and timing of expenditures from the Rural Revenue Equity Fund, increase in state revenue from application fees, and any permissive increase in both local revenue and expenditures cannot be reasonably determined. Bill Summary This bill establishes within the state general fund a special account to be known as the rural revenue equity fund (the "fund"). It is the general assembly's intent that the fund consists of a recurring appropriation of $210 million from the general fund. The commissioner of economic and community development ("commissioner") must administer the fund, and moneys deposited in the fund must be used only to administer the fund and to be used by rural counties only for capital improvement projects, infrastructure projects, law enforcement purposes, firefighter and emergency medical services, or property tax stabilization. This bill requires an amount from the fund to be allocated and distributed to the rural counties based on the county's total weighted score determined according to the formula described in this bill. The commissioner must prioritize awarding funds to rural counties with the highest total weighted scores. APPLICATIONS In order to receive an allocation and distribution of monies from the fund, this bill requires a rural county to submit a completed application to the commissioner together with an application fee in an amount established by the department of economic and community development ("department"). The proceeds from the application fee must be retained by the department, deposited in the fund, and used for defraying the d
