CS/SB 1158: Development of Oil and Gas Resources
GENERAL BILL by Communications, Energy, and Public Utilities; Evers
Development of Oil and Gas Resources; Authorizing a land management agency to enter into a public-private partnership with a business entity to develop oil and gas resources upon onshore state lands if the development yields near-term revenues for the state; providing that the financial, technical, and operational risk for the exploration, development, and production of oil and gas resources is the responsibility of the private business entity; requiring that a business entity seeking a public-private partnership contract submit a business proposal to the agency for review; providing criteria for the public-private partnership contract; requiring a proposed public-private partnership contract to be approved by the Governor and Cabinet sitting as the Board of Trustees of the Internal Improvement Trust Fund, etc.
Senate Committee References: Communications, Energy, and Public Utilities (CU) , Environmental Preservation and Conservation (EP) , Budget (BC)
Last Action: 03/09/2012 Died in Environmental Preservation and Conservation
Effective Date: upon becoming a law
Bill History
| Date | Chamber | Action |
|---|---|---|
| 12/06/2011 | Senate | • Filed |
| 01/10/2012 | Senate | • Referred to Communications, Energy, and Public Utilities; Environmental Preservation and Conservation; Budget -SJ 94 • Introduced -SJ 94 |
| 02/08/2012 | Senate | • On Committee agenda-- Communications, Energy, and Public Utilities, 02/13/12, 11:00 am, 110 Senate Office Building |
| 02/13/2012 | Senate | • CS by Communications, Energy, and Public Utilities; YEAS 10 NAYS 4 -SJ 500 • Pending reference review under Rule 4.7(2) - (Committee Substitute) • CS by Communications, Energy, and Public Utilities read 1st time -SJ 504 |
| 02/14/2012 | Senate | • Now in Environmental Preservation and Conservation -SJ 500 |
| 02/16/2012 | Senate | • On Committee agenda-- Environmental Preservation and Conservation, 02/21/12, 9:15 am, 110 Senate Office Building --Temporarily Postponed |
| 03/09/2012 | Senate | • Died in Environmental Preservation and Conservation |
