summary
Introduced
01/26/2017
01/26/2017
In Committee
01/26/2017
01/26/2017
Crossed Over
Passed
Dead
02/22/2017
02/22/2017
Introduced Session
2017 Regular Session
Bill Summary
The bill specifies that a local government that bans hydraulic fracturing of an oil and gas well is liable to the mineral interest owner for the value of the mineral interest and that a local government that enacts a moratorium on oil and gas activities shall compensate oil and gas operators, mineral lessees, and royalty owners for all costs, damages, and losses of fair market value associated with the moratorium.
AI Summary
This bill specifies that a local government is liable to the mineral interest owner for the value of the mineral interest if the local government bans hydraulic fracturing of an oil and gas well. Additionally, the bill requires a local government that enacts a moratorium on oil and gas activities to compensate oil and gas operators, mineral lessees, and royalty owners for all costs, damages, and losses of fair market value associated with the moratorium, including delays or losses in royalty payments, development of oil and gas resources, or realizing the value of mineral leases.
Committee Categories
Military Affairs and Security
Sponsors (2)
Last Action
House Committee on State, Veterans, & Military Affairs Postpone Indefinitely (on 02/22/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://leg.colorado.gov/bills/hb17-1124 |
| BillText | http://leg.colorado.gov/sites/default/files/documents/2017A/bills/2017a_1124_02.pdf |
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