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OH HB133
Bill
Status
9/30/2011
Primary Sponsor
Christina Hagan
Click for details
AI Summary
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Creates the Oil and Gas Leasing Commission consisting of the chief of the division of geological survey and four governor-appointed members (two from oil and gas industry, one public member with finance/real estate expertise, one environmental/conservation representative).
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Establishes a process for leasing state-owned land for oil and gas exploration and production, with classifications of property based on encumbrances and deed restrictions, nomination procedures, public notice requirements, and competitive bidding for leases.
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Requires leases to include at least a one-eighth landowner royalty and directs revenues from signing fees, rentals, and royalties into the state land royalty fund for state agencies' capital costs and land acquisition.
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Prohibits drilling on nature preserves and requires 30 percent of proceeds from state park oil and gas leases to be credited to funds supporting those parks.
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Creates new funds including the state land royalty fund, oil and gas leasing commission administration fund, forestry mineral royalties fund, and parks mineral royalties fund to manage revenues generated from oil and gas leases on state lands.
Legislative Description
To create the Oil and Gas Leasing Commission, to establish a procedure for leasing land owned or under the control of state agencies for oil and gas production in order to provide funding for capital costs for the agencies, and to exclude nature preserves from drilling.
Oil & gas leases on state land/Oil & Gas Leasing Board
Last Action
Effective Date
9/30/2011