S T A T E O F N E W Y O R K
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10771
I N A S S E M B L Y
June 18, 2012
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Introduced by COMMITTEE ON RULES -- (at request of M. of A. Rosenthal)
-- read once and referred to the Committee on Environmental Conserva-
tion
AN ACT to amend the environmental conservation law, in relation to
recordings of natural gas contracts or leases
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The environmental conservation law is amended by adding a
new section 23-0315 to read as follows:
S 23-0315. RECORDING OF NATURAL GAS CONTRACTS AND/OR LEASES.
1. WITHIN FIFTEEN DAYS OF EXECUTION, ALL NATURAL GAS CONTRACTS OR
LEASES SHALL BE RECORDED WITH THE COUNTY CLERK'S OFFICE, OR EQUIVALENT
OFFICIAL, IN THE COUNTY IN WHICH THE PROPERTY THAT IS SUBJECT TO THE
CONTRACT OR LEASE, IS SITUATED.
2. SUCH RECORDING SHALL CONSTITUTE NOTICE TO ALL STAKEHOLDERS WITH AN
INTEREST IN THE PROPERTY.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13937-04-2