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ND SB2029
Bill
Status
1/8/2013
Primary Sponsor
Legislative Management
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AI Summary
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Amends section 57-51.1-07.3 to modify the oil and gas research fund deposit cap from fourteen million dollars to fourteen million dollars per biennium from oil and gas gross production tax and oil extraction tax revenues.
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Requires the Department of Commerce to conduct a study during the 2013-14 interim to evaluate value-added market opportunities related to oil and gas, in cooperation with the energy policy commission, with findings and recommendations due before September 1, 2014.
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Directs the Industrial Commission to give special emphasis to value-added processing of oil and gas projects when awarding funds from the oil and gas research fund during the biennium beginning July 1, 2013, and ending June 30, 2015.
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Appropriates $300,000 from the general fund to the Department of Commerce for conducting the value-added market opportunities study for the 2013-2015 biennium.
Legislative Description
Oil and gas research fund deposits; to provide for a value-added market opportunities for oil and gas study; to provide a statement of legislative intent; and to provide an appropriation.
Last Action
Second reading, failed to pass, yeas 1 nays 46
2/25/2013