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2017 Regular Session



Environment - Natural Gas and Oil Interest Restitution Fund

Sponsored by:

Senator Edwards


In the Senate - Unfavorable Report by Education, Health, and Environmental Affairs

Synopsis:Establishing the Natural Gas and Oil Interest Restitution Fund as a special, nonlapsing fund; specifying the purpose of the Fund; requiring the Department of the Environment to administer the Fund; requiring the State Treasurer to hold the Fund and the Comptroller to account for the Fund; specifying the contents of the Fund; specifying the purpose for which the Fund may be used; requiring that a specified owner of a natural gas or oil interest make a specified demonstration in order to receive compensation from the Fund; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senator Edwards
Additional Facts:Cross-filed with: HB1461
Bill File Type: Regular
Effective Date(s): June 1, 2017
Contingency - on a contingency described in Sec. 3 of the bill
Education, Health, and Environmental Affairs  View Committee Hearing
Broad Subject(s):Environment
Utility Regulation
Narrow Subject(s):Alternative Energy Sources
Environment, Department of
Fuel -see also- Coal
Hydraulic Fracturing -see also- Wells
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Utilities -see also- High Voltage Lines; Telephones; Water
Statutes:Article - Environment
(14-107.1, 14-107.2)
Article - Public Utilities
Article - State Finance and Procurement

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

November 28, 2017 1:13 P.M.