FRANKFORT – The Floyd County Fiscal Court can look forward to a little unexpected revenue, after Gov. Steve Beshear announced it will be one of 34 fiscal courts to share in refunds of mining permit and acreage fees.
Gov. Steve Beshear announced the refunds this week, saying the counties would share in $399,450. Floyd County’s share of that sum is $15,646.
The Department for Natural Resources collects mining permit and acreage fees and returns a portion of the fees to coal-producing counties for projects that the fiscal courts deem beneficial to their communities.
“Every effort is being made by this administration to help the mining industry extract coal in a manner that is safe, efficient and protective of our environment,” said Gov. Beshear. “Our coal-producing counties are our partners and these funds provide a direct benefit for their efforts.”
Refunds range from $25 to $73,583.
Refunds going to adjacent counties include:
• Johnson County Fiscal Court $23,538
• Knott County Fiscal Court $13,404
• Magoffin County Fiscal Court $25,713
• Martin County Fiscal Court $17,133
• Pike County Fiscal Court $73,583