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i <br /> Page 6 B. NO. <br /> l fund; and <br /> 3 (2) All taxes collected under chapter 243 with respect to <br /> 3 liquid fuel sold for use in or used for small boats <br /> shall be deposited in the boating special fund. <br /> ~ As used in this section, "small boats" means all vessels and <br /> 6 other watercraft except those operated in overseas transportation <br /> i beyond the State, and ocean-going tugs and dredges. The <br /> 3 chairperson of the board of land and. natural resources, from <br /> 9 July 1, 1992, and every three years thereafter, shall establish <br /> IO standards or formulas that will as equitably as possible <br /> L1 establish the total taxes collected under chapter 243 in each <br /> l2 fiscal year that are derived from the sale of liquid fuel for use <br /> 13 in or used for small boats. The amount so determined shall be <br /> 14 deposited in the boating special fund. <br /> 1~ An amount equal to [allJ 0.3 oer cent of the moneys <br /> 16 collected under chapter 243 through the assessment of taxes on <br /> 17 the sale of non-highway recreational fuel shall be [reported] <br /> 13 allocated to the [trail and access program] special land and <br /> 19 development fund for p~rooses of the managem n ma'n nan and <br /> 20 gyglopment of td-ai1.s and accesses under the ~usrisdiction of the <br /> <br /> 21 department of land and natural resources established under <br /> <br /> 22 section 198D-2[. Until such time as the department of <br /> <br /> 23 transportation develops a system to calculate the tax revenues <br /> <br /> 24 generated from non-highway recreational fuel, or until July 1, <br /> <br /> 25 1997, whichever is later, o.3 per cent of all proceeds deposited <br /> INR-15(97) <br /> <br />