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OK HB1585

Bill

Official Source

Status

Introduced

2/4/2013

Primary Sponsor

Seneca Scott

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

HB 1585 Summary

  • Amends 52 O.S. 2011, Section 318.4 regarding oil and gas operator bonding requirements in Oklahoma

  • Requires operators to file a $25,000 corporate surety bond, letter of credit, cash, or certificate of deposit with the Secretary of State as security for potential location damages

  • Updates statutory language by replacing archaic pronouns ("such" and "said") with modern equivalents ("the" and "a") throughout the section

  • Effective November 1, 2013

Legislative Description

Oil and gas; updating statutory language relating to the deposit of bonds and other undertakings for damages; effective date.

Oil and Gas

Last Action

Second Reading referred to Energy and Aerospace

2/5/2013

Committee Referrals

Energy & Aerospace2/5/2013

Full Bill Text

No bill text available