06RS SB237


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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

SB 237 (BR 2260) - T. Jensen

     AN ACT relating to the bonding of oil and gas wells.
     Amend KRS 353.590 to create a tiered structure for blanket bonding for both qualified and non qualified operators; establish additional requirements for qualified operators seeking a blanket bond; establish methods for a qualified operator to demonstrate financial ability when seeking a blanket bond; require operators that are corporate subsidiaries to have a corporate guarantee and specify the elements of a corporate guarantee; establish standards that would prohibit an operator from obtaining a blanket bond; make the new bonding requirements applicable only to permits issued on or after July 15, 2006; allow operators to increase their bond amounts if they had a bond in place prior to July 15, 2006; establish standards which prohibit an operator from obtaining additional permits; make internal subsection reference changes and renumber to conform; amend KRS 353.180, KRS 353.592 and KRS 355.730 to make internal subsection reference changes.

     Feb 28-introduced in Senate
     Mar 2-to Agriculture and Natural Resources (S)
     Mar 3-taken from committee; laid on clerk's desk; taken from clerk's desk; 1st reading, to Calendar
     Mar 6-2nd reading; returned to Agriculture and Natural Resources (S)
     Mar 9-reported favorably, to Rules
     Mar 13-posted for passage in the Regular Orders of the Day for Tuesday, March 14, 2006
     Mar 14-3rd reading, passed 37-1
     Mar 15-received in House
     Mar 20-to Natural Resources and Environment (H); posting waived
     Mar 21-reported favorably, 1st reading, to Calendar
     Mar 22-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, March 23, 2006
     Mar 23-3rd reading, passed 98--0
     Mar 24-received in Senate; enrolled, signed by each presiding officer; delivered to Governor
     Apr 5-signed by Governor (Acts ch. 160)

Vote History

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