Corporation Commission; processes for cities and counties to seek certain reimbursement; fair market value; requiring application to request use of certain funds; creating the Remediation Assistance Revolving Fund. Emergency.

Summary

The bill lets homeowners whose homes are contaminated by oil, brine, or similar substances from abandoned wells apply for monetary assistance from the Corporation Commission’s plugging fund. No insurance claim is required, but the homeowner must prove the contamination came from an abandoned well. The measure also sets spending limits and a $5 million maintenance floor for the fund.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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