Monroe to receive $142,000 from Marcellus shale fund
Monroe County will soon receive more than $142, 000 in Marcellus Shale impact fees to strengthen infrastructure and improve the environment, Rep. Mario M. Scavello (R-Monroe) today announced.
"while Monroe County is not situated in the heart of Marcellus Shale drilling, we and many counties like us across the state are reaping the benefits of drilling in our Marcellus Shale region," said Scavello. "With county and municipal budgets strapped for cash, this funding will help make necessary improvements to help keep our infrastructure and environment safe."
Monroe County is set to receive more than $142,000 from the Marcellus Legacy Fund this year and should receive payment by July 1.
Under the law, impact fees are imposed on the extraction of natural gas and fluctuate depending on the price of natural gas and the rate of inflation. Fees are collected from the drilling companies with 60 percent passed onto conunites with local municipalities affected by drilling.
The remaining 40 percent goes into the Marcellus Shale Legacy Fund, which is administered by the state to be used for emegerency response planning, training and other activities; water, storm water, and sewer system construction and repair; infrastructure and repair; as well as statewide environmental initiatives.
For more legislative information, visit Scavello's website at MarioScavello.com