CS/SB 1158 (2012) -  Development of Oil and Gas Resources

General Bill by Communications, Energy, and Public Utilities and 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.
Effective Date: upon becoming a law
Last Event: 03/09/12 S Died in Environmental Preservation and Conservation on Friday, March 9, 2012 11:59 PM

Referred Committees and Committee Actions

Senate Referrals

  • Communications, Energy, and Public Utilities
    • On agenda for: 02/13/12 11:00 AM
    • Favorable With Committee Substitute (final action) Votes: Yeas 10   Nays 4
  • Environmental Preservation and Conservation
    • On agenda for: 02/21/12 9:15 AM
  • Budget

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/CS/HB 695 Subject: Development of Oil and Gas Resources Relationship: Compare

Bill Text

  • Committee Substitute 1
    • D 132080 , Environmental Preservation and Conservation, Latvala Date Filed: 02/20/12, Line#: 0
    • SD 610102 , Environmental Preservation and Conservation, Latvala Date Filed: 02/20/12, Line#: 0
  • Original Filed Version
    • A 690630 , Communications, Energy, and Public Utilities, Evers Date Filed: 02/10/12, Line#: 64 Senate(c): Replaced by Committee Substitute 02/13/2012 03:49 PM
    • A 370768 , Communications, Energy, and Public Utilities, Evers Date Filed: 02/10/12, Line#: 98 Senate(c): Replaced by Committee Substitute 02/13/2012 03:49 PM

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Environmental Preservation and Conservation 2/20/2012 9:57:25 AM
Chamber: Senate Committee: Communications, Energy, and Public Utilities 2/13/2012 3:43:15 PM
Chamber: Senate Committee: Communications, Energy, and Public Utilities 2/9/2012 11:29:10 AM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Environmental Preservation and Conservation Time: 03/09/2012 - 11:59 PM Member: Committee: Version: c1
Event: S On Committee agenda-- Environmental Preservation and Conservation, 02/21/12, 9:15 am, 110 Senate Office Building --Temporarily Postponed Time: 02/16/2012 - 5:48 PM Member: Committee: Version: c1
Event: S Now in Environmental Preservation and Conservation -SJ 500 Time: 02/14/2012 - 1:26 PM Member: Committee: Version: c1
Event: S CS by Communications, Energy, and Public Utilities read 1st time -SJ 504 Time: 02/13/2012 - 8:25 PM Member: Committee: Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 02/13/2012 - 4:04 PM Member: Committee: Version: c1
Event: S CS by Communications, Energy, and Public Utilities; YEAS 10 NAYS 4 -SJ 500 Time: 02/13/2012 - 3:53 PM Member: Committee: Version: __
Event: S On Committee agenda-- Communications, Energy, and Public Utilities, 02/13/12, 11:00 am, 110 Senate Office Building Time: 02/08/2012 - 6:10 PM Member: Committee: Version: __
Event: S Introduced -SJ 94 Time: 01/10/2012 - 4:52 PM Member: Committee: Version: __
Event: S Referred to Communications, Energy, and Public Utilities; Environmental Preservation and Conservation; Budget -SJ 94 Time: 01/10/2012 - 4:22 PM Member: Committee: Version: __
Event: S Filed Time: 12/06/2011 - 10:54 AM Member: Committee: Version: __