An Act amending the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, in oil and gas wells, further providing for definitions and for Oil and Gas Lease Fund and providing for Public Natural Resources Trust Fund.

HB 1686 creates the Public Natural Resources Trust Fund to receive excess oil and gas royalties (over $70 million annually) starting in the 2025-2026 fiscal year. It increases annual transfers from the Oil and Gas Lease Fund to the Environmental Stewardship Fund from $20 million to $35 million while continuing $15 million for the Hazardous Sites Cleanup Fund. The Trust Fund will allocate 57% of funds for state park/forest projects and community recreation, and 43% for environmental cleanup and farmland preservation, with disbursements only when the fund balance exceeds $700 million. This bill directly affects oil and gas lease revenue streams, state environmental agencies, and conservation programs.