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)