An Act amending the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, in oil and gas wells, further providing for Oil and Gas Lease Fund; and, in general budget implementation, further providing for Federal and Commonwealth use of forest land.

Summary

The legislation amends Pennsylvania’s Fiscal Code so that rents and royalties from oil and gas leases on state‑owned land, plus certain Indigenous mineral development payments, are deposited into an Oil and Gas Lease Fund. It also creates an annual per‑acre charge on forest land used by federal or Commonwealth entities, with the proceeds split between counties, school districts, townships and the State Gaming Fund, and indexed for inflation. The bill is currently referred to the House Finance Committee.

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