|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to finance|
|Jan 09, 2013||referred to finance|
senate Bill S972
Archive: Last Bill Status -
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S972 - Details
- Law Section:
- State Finance Law
- Laws Affected:
- Add §81, St Fin L; amd §§23-1903 & 23-0501, En Con L
- Versions Introduced in 2011-2012 Legislative Session:
S972 - 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.
S972 - Sponsor Memo
BILL NUMBER:S972 TITLE OF BILL: 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 PURPOSE: The purpose of this bill is to establish the Natural Gas Oversight Fund in order to ensure funding to the Department of Environmental Conservation for enforcement of provisions for safe natural gas exploration and extraction and for the protection of our environment. SUMMARY OF PROVISIONS: Section 1 establishes the "Natural Gas oversight Fund" in the joint custody of the State Comptroller and the Commissioner of Taxation & Finance. Subsection 2: The Comptroller shall establish the following separate and distinct accounts within the Natural Gas Oversight Fund:
S972 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 972 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ 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; 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 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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