Ohio SB312 establishes a fund for federal mineral royalties and outlines their distribution to counties.

Ohio SB312 creates a federal mineral royalty clearing fund, separate from the state treasury, to manage payments from oil, gas, or mineral production on federal lands. These royalties are then distributed to the counties where the production occurs. The bill specifies that these funds can only be used for planning, construction and maintenance of public facilities, or provision of public services.

Ohio SB312 establishes a fund for federal mineral royalties and outlines their distribution to counties.

Ohio SB312 creates a federal mineral royalty clearing fund, separate from the state treasury, to manage payments from oil, gas, or mineral production on federal lands. These royalties are then distributed to the counties where the production occurs. The bill specifies that these funds can only be used for planning, construction and maintenance of public facilities, or provision of public services.