SB 5608 - DIGEST

     Provides that earnings accrued through July 31, 2001, shall be disbursed to counties and cities proportionate to the amount of tax collected annually on behalf of each county or city.

     Provides that, after July 31, 2001, bimonthly the state treasurer shall disburse earnings from the local leasehold excise tax account to the counties or cities proportionate to the amount of tax collected on behalf of each county or city.