Appropriations Report - Office of the Legislative Fiscal Analyst 1995 Vol 1
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The revenues reflect House Joint Resolution 3 revenue estimates and appropriations authorized by the 1993 Legislature. Summary 124 RESOURCE INDEMNITY TRUST INTEREST ACCOUNTS Table 1 RIT Tax Proceeds, Interest Earnings, and Expenditures RIT PROCEEDS PROJECTIONS RIT Proceeds Ending To RIT Trust Trust Balance FY 93 FY 94 FY 95 $4,822,161 $4,822,161 $87,312,059 4,518,037 2325383 89,837,642 4,611,772 2377,981 92,415,623 RIT TRUST INTEREST EARNINGS PROJECTIONS FY94 $8,649,747 FY96 $8,902,927 Total $1...7352,674 TOTAL 1995 BIENNTUM ALLOCATION OF RIT INTEREST EARNINGS Environmental Contingency Account 175,000 Oil & Gas Production Damage Mitigation Account 50,000 Renewable Resource Grant & Loan Program 1,025,000 Reclamation & Development Grants 2.200,000 Northern Montana College 240,000 Water Storage Account 250,000 TOTAL BIENNIAL APPROPRIATIONS AMOUNT AVAILABLE FOR FURTHER DISTRIBUTION $17,552,674 3.940,000 $13.612.674 DISTRIBUTION OF REMAINING INTEREST EARNINGS ■ Account - Percent of RITT Interest Renewable Reclamation & Resource Development 38.0% 41.5% Hazardous Environmental Waste/ Quality CERCLA Protection 15.0% 5.5% Total 100.0% $890,367 ~$~0 $1,169,906 $915,135 $2,975,408 Beginning Balance Revenues RIT Interest RIT Tax Proceeds Coal Tax Loan Repayments NR Damage Repayment Interest (STTP) Administrative Fees State Owned Proj.
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