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ID H0654

Bill

Official Source

Status

Introduced

3/10/2010

Primary Sponsor

Unknown

Origin

House of Representatives

2010 Regular Session

AI Summary

  • The board shall require a bond of at least $1,000 from geothermal resource lessees to cover damages to land surface and improvements
  • Upon commencement of drilling operations, lessees must furnish a bond of at least $6,000 in lieu of the initial $1,000 bond to cover all subsequent operations on the lease
  • Bonds shall be returned to the poster when production reaches 85% of average nameplate capacity, or 85% of average maximum therms for non-power production uses
  • If production falls below the 85% threshold, the lessee must again furnish a bond as required under the initial provisions
  • The amendment establishes conditions for both the posting and return of bonds related to geothermal resource development in Idaho

Legislative Description

Amends existing law to provide for the return of posted bonds under specified conditions for geothermal leases.

GEOTHERMAL RESOURCES

Last Action

to Env

3/11/2010

Committee Referrals

Environment, Energy and Technology3/11/2010

Full Bill Text

No bill text available