summary
Introduced
01/26/2017
01/26/2017
In Committee
02/07/2017
02/07/2017
Crossed Over
Passed
Dead
03/18/2017
03/18/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO THE STATE LAND OFFICE; GRANTING THE COMMISSIONER OF PUBLIC LANDS SPECIFIC AUTHORITY TO RAISE THE ROYALTY RATE AND THE POINT OF APPLICATION OF THE ROYALTY RATE FOR OIL AND GAS ON STATE TRUST LANDS TO ENHANCE REVENUE FOR BENEFICIARIES; REQUIRING REPORTS ON VENTED OR FLARED GAS.
AI Summary
This bill gives the Commissioner of Public Lands specific authority to raise the royalty rate and the point of application of the royalty rate for oil and gas on state trust lands, in order to enhance revenue for beneficiaries. It also requires the Commissioner to collect and publish data on the amount of gas that lessees of state trust lands vent, flare, leak or otherwise allow to escape into the atmosphere.
Committee Categories
Agriculture and Natural Resources, Transportation and Infrastructure
Sponsors (1)
Last Action
[LD 22] Referred to Senate Corporations & Transportation (on 02/07/2017)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=375&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/senate/SB0375.pdf |
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