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Senate Bill S5167A

2011-2012 Legislative Session

Establishes the natural gas oversight fund to provide funding to the department of environmental conservation for enforcement of well drilling provisions

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Archive: Last Bill Status - In Senate Committee Finance Committee

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Bill Amendments

co-Sponsors

2011-S5167 - Details

Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Add §81, St Fin L; amd §§23-1903 & 23-0501, En Con L
Versions Introduced in Other Legislative Sessions:
2013-2014: S972
2015-2016: S1675

2011-S5167 - Summary

Establishes the natural gas oversight fund to provide funding to the department of environmental conservation for enforcement of well drilling provisions; imposes a $2,000 fee upon the issuance of a well drilling permit in the fault-bounded Treton and/or Black River hydrothermal dolomite gas pools.

2011-S5167 - Sponsor Memo

2011-S5167 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5167

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               May 3, 2011
                               ___________

Introduced  by  Sen.  LIBOUS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Finance

AN ACT to amend the state finance law and the environmental conservation
  law, in relation to establishing the natural gas oversight fund

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.   The state finance law is amended by adding a new section
81 to read as follows:
  S 81. NATURAL GAS OVERSIGHT FUND. 1. THERE IS  HEREBY  ESTABLISHED  IN
THE JOINT CUSTODY OF THE STATE COMPTROLLER AND THE COMMISSIONER OF TAXA-
TION  AND  FINANCE  A SPECIAL FUND TO BE KNOWN AS THE "NATURAL GAS OVER-
SIGHT FUND".
  2. THE COMPTROLLER SHALL ESTABLISH THE FOLLOWING SEPARATE AND DISTINCT
ACCOUNTS WITHIN THE NATURAL GAS OVERSIGHT FUND:
  (A) INTERNET PERMIT INFORMATION ACCOUNT;
  (B) WATER QUALITY ACCOUNT;
  (C) PUBLIC AWARENESS ACCOUNT;
  (D) INDEPENDENT SURVEY ACCOUNT; AND
  (E) IMPLEMENTATION ACCOUNT.
  3. SUCH FUND SHALL CONSIST OF ALL MONEYS APPROPRIATED  THERETO,  FUNDS
TRANSFERRED  FROM  ANY  OTHER FUND OR SOURCE, AND ALL MONEYS RECEIVED BY
THE DEPARTMENT OF ENVIRONMENTAL CONSERVATION FOR THE ISSUANCE OF PERMITS
PURSUANT TO TITLE FIVE OF  ARTICLE  TWENTY-THREE  OF  THE  ENVIRONMENTAL
CONSERVATION LAW TO DRILL, DEEPEN, PLUG BACK OR CONVERT A WELL DESCRIBED
IN  CLAUSE (VI) OF SUBPARAGRAPH ONE OF PARAGRAPH B OF SUBDIVISION ONE OF
SECTION 23-0501 OF SUCH LAW. MONEYS DEPOSITED IN THE FUND SHALL BE  HELD
IN  INTEREST  BEARING  ACCOUNTS  IN PUBLIC DEPOSITORIES AS PRESCRIBED BY
THIS CHAPTER, AND MAY BE INVESTED OR REINVESTED IN  SUCH  SECURITIES  AS
ARE  APPROVED  BY THE STATE COMPTROLLER. INTEREST OR OTHER INCOME EARNED
ON MONEYS DEPOSITED IN THE FUND AND ANY MONEYS WHICH MAY BE APPROPRIATED
OR OTHERWISE BECOME AVAILABLE FOR THE PURPOSES OF  THE  FUND,  SHALL  BE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10784-02-1
              

co-Sponsors

2011-S5167A (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Add §81, St Fin L; amd §§23-1903 & 23-0501, En Con L
Versions Introduced in Other Legislative Sessions:
2013-2014: S972
2015-2016: S1675

2011-S5167A (ACTIVE) - Summary

Establishes the natural gas oversight fund to provide funding to the department of environmental conservation for enforcement of well drilling provisions; imposes a $2,000 fee upon the issuance of a well drilling permit in the fault-bounded Treton and/or Black River hydrothermal dolomite gas pools.

2011-S5167A (ACTIVE) - Sponsor Memo

2011-S5167A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 5167--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               May 3, 2011
                               ___________

Introduced  by  Sens. LIBOUS, MAZIARZ -- read twice and ordered printed,
  and when printed to be  committed  to  the  Committee  on  Finance  --
  committee  discharged,  bill amended, ordered reprinted as amended and
  recommitted to said committee

AN ACT to amend the state finance law and the environmental conservation
  law, in relation to establishing the natural gas oversight  fund;  and
  to  amend  the environmental conservation law, in relation to imposing
  an additional fee on the  issuance  of  a  well  drilling  permit  for
  certain gas pools

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1.  The state finance law is amended by adding a  new  section
81 to read as follows:
  S  81.  NATURAL  GAS OVERSIGHT FUND. 1. THERE IS HEREBY ESTABLISHED IN
THE JOINT CUSTODY OF THE STATE COMPTROLLER AND THE COMMISSIONER OF TAXA-
TION AND FINANCE A SPECIAL FUND TO BE KNOWN AS THE  "NATURAL  GAS  OVER-
SIGHT FUND".
  2. THE COMPTROLLER SHALL ESTABLISH THE FOLLOWING SEPARATE AND DISTINCT
ACCOUNTS WITHIN THE NATURAL GAS OVERSIGHT FUND:
  (A) INTERNET PERMIT INFORMATION ACCOUNT;
  (B) WATER QUALITY ACCOUNT;
  (C) PUBLIC AWARENESS ACCOUNT;
  (D) INDEPENDENT SURVEY ACCOUNT; AND
  (E) IMPLEMENTATION ACCOUNT.
  3.  SUCH  FUND SHALL CONSIST OF ALL MONEYS APPROPRIATED THERETO, FUNDS
TRANSFERRED FROM ANY OTHER FUND OR SOURCE, AND ALL  MONEYS  RECEIVED  BY
THE DEPARTMENT OF ENVIRONMENTAL CONSERVATION FOR THE ISSUANCE OF PERMITS
PURSUANT  TO  TITLE  FIVE  OF  ARTICLE TWENTY-THREE OF THE ENVIRONMENTAL
CONSERVATION LAW TO DRILL, DEEPEN, PLUG BACK OR CONVERT A WELL DESCRIBED
IN CLAUSE (VI) OF SUBPARAGRAPH ONE OF PARAGRAPH B OF SUBDIVISION ONE  OF
SECTION  23-0501 OF SUCH LAW. MONEYS DEPOSITED IN THE FUND SHALL BE HELD
IN INTEREST BEARING ACCOUNTS IN PUBLIC  DEPOSITORIES  AS  PRESCRIBED  BY
THIS  CHAPTER,  AND  MAY BE INVESTED OR REINVESTED IN SUCH SECURITIES AS
ARE APPROVED BY THE STATE COMPTROLLER. INTEREST OR OTHER  INCOME  EARNED

              

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