Bill Summary

SB 1158 Development of Oil and Gas Resources (2012 Session)
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. EFFECTIVE DATE: upon becoming a law
12/06/11
SENATE
Filed
01/10/12
SENATE
Referred to Communications, Energy, and Public Utilities; Environmental Preservation and Conservation; Budget
02/08/12
SENATE
On Committee agenda - Communications, Energy, and Public Utilities, 02/13/12, 10:00 am, 110 S
02/13/12
SENATE
Favorable with CS by Communications, Energy, and Public Utilities; 10 Yeas, 4 Nays
02/13/12
SENATE
Committee Substitute Text (C1) Filed
02/14/12
SENATE
Now in Environmental Preservation and Conservation
02/16/12
SENATE
On Committee agenda - Environmental Preservation and Conservation, 02/21/12, 9:15 am, 110 S
02/21/12
SENATE
Temporarily Postponed by Environmental Preservation and Conservation
03/09/12
SENATE
Died in Environmental Preservation and Conservation
1158
Filed on 12/06/11
PDF
Amendment 370768
Filed on 02/10/12
Replaced by CS
Amendment 690630
Filed on 02/10/12
Replaced by CS
1158C1
Filed on 02/13/12
PDF
Amendment 132080 DE
Filed on 02/20/12
Amendment 610102 SA
Filed on 02/20/12
There are no statute citations.
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