senate Bill S972

2013-2014 Legislative Session

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

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to finance
Jan 09, 2013 referred to finance

S972 - Details

Current Committee:
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:
S5167A

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

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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