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MS SB2113
Bill
AI Summary
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Creates a regulatory division of the Oil and Gas Board with duties to enforce regulations, investigate misconduct, and impose administrative penalties against violators.
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Requires the State Oil and Gas Supervisor to mandate oil companies operating in Mississippi disclose contract information and division order computations upon request from owners.
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Establishes staffing for the regulatory division including at least one attorney licensed in Mississippi with oil and gas law expertise and at least one investigator with administrative law experience.
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Sets maximum administrative penalties at $500 per day per violation, with fines deposited into a new Oil and Gas Board Regulatory Division Fund for operational funding.
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Creates the Oil and Gas Board Regulatory Division Fund as a continuing special fund in the State Treasury, funded by legislative appropriations, administrative fines, federal funds, and donations.
Legislative Description
Oil and Gas Board; create regulatory division to protect interest-owner rights.
Last Action
Died In Committee
2/23/2016