HB18-1150

HB18-1150 - Local Government Liable Fracking Ban Oil And Gas Moratorium

Postponed Indefinitely
Concerning a requirement that a local government that interferes with oil and gas operations compensate persons damaged by the interference.

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.
(Note: This summary applies to this bill as introduced.)

 

Latest update: March 7, 2018
03/07/2018 - House Committee on State, Veterans, & Military Affairs Postpone Indefinitely
01/31/2018 - Introduced In House - Assigned to State, Veterans, & Military Affairs