Loading chat...

OK HB1803

Bill

Official Source

Status

Introduced

2/2/2015

Primary Sponsor

Tommy Hardin

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

HB 1803 Summary

  • Increases Category A surety requirement from $50,000 to $100,000 net worth for oil and gas well operators in Oklahoma.

  • Increases Category B surety requirement from $25,000 to $50,000 for irrevocable letters of credit, cash, or surety bonds.

  • Increases maximum additional surety for pollution or improper plugging violations from $100,000 to $200,000.

  • Updates statutory language to replace gender-specific pronouns ("his or her") with neutral terms ("the").

  • Effective date is November 1, 2015.

Legislative Description

Oil and gas; changing amounts required for certain evidence of financial ability; effective date.

Oil and Gas

Last Action

Second Reading referred to Energy and Natural Resources

2/3/2015

Committee Referrals

Energy and Natural Resources2/3/2015

Full Bill Text

No bill text available