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ND SB2144
Bill
Status
1/6/2011
Primary Sponsor
Alon Wieland
Click for details
AI Summary
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Industrial Commission authorized to make matching grants to North Dakota higher education institutions for applied research to increase oil recovery rates from state geologic formations.
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All research project grants must be matched dollar-for-dollar by oil industry funding, defined as businesses engaged in oil and gas exploration and production in the state or associations representing such entities.
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Industrial Commission must obtain opinions from the oil and gas research council, oil and gas division director, and state geologist regarding feasibility and merit before awarding grants, with council providing technical accuracy recommendations.
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Grant funds may be used for applied research costs and testing of intelligent extraction technologies, with recipients required to provide periodic progress reports and a final project outcome report upon completion.
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$10,000,000 appropriated from the permanent oil tax trust fund to the Industrial Commission for oil recovery research grants for the biennium beginning July 1, 2011, and ending June 30, 2013.
Legislative Description
Authority of the industrial commission to provide matching grants for applied research at North Dakota higher education institutions to increase the recovery rate or percentage share of oil recovered from geologic formations in North Dakota; and to provide an appropriation.
Last Action
Second reading, failed to pass, yeas 17 nays 28
2/7/2011