Relating to dates and deposits for Oil and Gas Well Plugging

Summary

The bill caps the state’s Oil and Gas Abandoned Well Plugging Fund at $9 million and says any balance over $6 million must be tied to binding contracts to plug particular wells within a year. It also orders the Department of Environmental Protection to publish an annual report on the fund’s revenue, balance, wells plugged, average cost, and pending contract amounts, and it permits the fund to receive federal money for plugging abandoned wells.

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