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ND SB2059

Bill

Official Source

Status

Passed

3/15/2023

Primary Sponsor

Energy and Natural Resources

Click for details

Origin

Senate

68th Legislative Assembly

AI Summary

  • Allocates 4 percent of available funds to the abandoned oil and gas well plugging and site reclamation fund, capped at $7.5 million per fiscal year
  • Prohibits fund balance from exceeding $51 million
  • Effective through June 30, 2027, after which the act becomes ineffective
  • Passed Senate 46-0 (1 absent) and House 85-0 (9 absent)
  • Requested by the Department of Mineral Resources

Legislative Description

The balance in the abandoned oil and gas well plugging and site reclamation fund; and to provide an expiration date.

Last Action

Filed with Secretary Of State 03/15

3/24/2023

Committee Referrals

Energy and Natural Resources2/9/2023
Energy and Natural Resources1/3/2023

Full Bill Text

No bill text available