HB2987 Summary

• Requires operators of commercial injection or disposal wells in Oklahoma to collect an additional 10% fee on deleterious substances that originated in other states.

• Additional fees are paid quarterly to the Oklahoma Corporation Commission and distributed equally to county commissioners and the Department of Transportation for road repair and construction in the well's county.

• The Corporation Commission may retain up to 5% of collected fees for administration costs and must establish reporting and payment procedures.

• Becomes effective July 1, 2014, with an emergency declaration allowing immediate implementation upon passage and approval.