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IN HB1606
Bill
Status
1/23/2017
Primary Sponsor
Steven Stemler
Click for details
AI Summary
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Department of Natural Resources must prepare a comprehensive inventory of underground natural resources on state-owned property, including water in aquifers, coal, petroleum, and mineral aggregates.
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Report must identify current financial returns the state receives from each site's underground resources and present options to begin receiving returns or increase existing returns.
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Department must recommend the option offering the best and highest financial return from underground resources, if a determination is made.
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Report must be completed by July 1, 2019, and submitted in electronic format to the legislative services agency for distribution to relevant senate and house standing committees on natural resources, environmental affairs, and state finance.
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Department may seek assistance from other state agencies including the state land office, Indiana economic development corporation, Indiana geological survey, and state or private universities in preparing the report.
Legislative Description
Report on underground natural resources. Requires the department of natural resources (DNR) to prepare a report that: (1) presents a comprehensive inventory of underground natural resources present in property belonging to the state; (2) indicates, for each site at which underground natural resources are located, the financial return the state is receiving from the underground natural resources, if any; (3) presents, for each site, options that might enable the state to begin receiving a return or to increase its return on the underground natural resources; and (4) indicates the option that, in the DNR's judgment, would offer the best and
Last Action
First reading: referred to Committee on Natural Resources
1/23/2017