§ 28-1-118 — Legislative review of state revenue distribution formulae; reports required

The joint revenue interim committee shall submit a report to the
governor and legislature by December 1, 2004, and by December 1
of each fourth year thereafter, reviewing the distribution
formulae for federal mineral royalties, severance taxes and
inheritance taxes. The report shall indicate whether the
formulae are understandable to public policy makers, serve the
needs of the citizens of the state and whether the distinction
between sustainable revenues and "one-time" revenues contained
therein is reasonable. The report may contain recommendations
for legislation.