Assembly Bill A5160

2017-2018 Legislative Session

Requires recordings of natural gas contracts or leases with county clerk or equivalent official

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2017-A5160 (ACTIVE) - Details

Current Committee:
Assembly Environmental Conservation
Law Section:
Environmental Conservation Law
Laws Affected:
Add §23-0315, En Con L
Versions Introduced in Other Legislative Sessions:
2011-2012: A10771
2013-2014: A849
2015-2016: A1312

2017-A5160 (ACTIVE) - Summary

Requires recordings of natural gas contracts or leases with county clerk or equivalent official within fifteen days of execution; provides such recordings constitute notice.

2017-A5160 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5160
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 6, 2017
                                ___________
 
 Introduced  by M. of A. ROSENTHAL, ABINANTI -- read once and referred to
   the Committee on Environmental Conservation
 
 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:
 § 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.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05411-01-7

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