HB 2058 Coalbed methane gas; release of funds held in escrow or suspense.
Terry G. Kilgore | all patrons    ...    notes
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Summary as passed: (all summaries)

Coalbed methane gas; release of funds held in escrow or suspense. Requires an operator of a previously pooled coalbed methane gas well to request, by the beginning of 2016, the release of any funds held in escrow or suspense to the person who possesses a claim through a gas title. A coal claimant may halt such a release of funds by providing evidence that the coal and gas claimants have reached an agreement or that a proceeding against the gas claimant is pending. For a well that is pooled after July 1, 2015, the bill requires the operator to pay royalties directly to the gas claimant unless the coal claimant provides evidence of an agreement or a proceeding within a certain time. The Virginia Oil and Gas Board, under certain conditions, is authorized to extend the time for the payment of funds held in escrow and is not required to order payment if the gas claimant fails to provide information needed by the Board in order to distribute the funds. The bill also provides that it shall not create a fiduciary duty or extinguish any cause of action, including an action for an accounting.

Full text:
01/14/15  House: Prefiled and ordered printed; offered 01/14/15 15103347D  pdf | impact statement
02/19/15  Senate: Committee substitute printed 15105049D-S1  pdf | impact statement
02/27/15  House: Conference substitute printed 15105662D-H1  pdf | impact statement
03/06/15  House: Bill text as passed House and Senate (HB2058ER)  pdf | impact statement
03/23/15  Governor: Acts of Assembly Chapter text (CHAP0396)  pdf

Amendments:
Conference amendments

Status:
01/14/15  House: Prefiled and ordered printed; offered 01/14/15 15103347D
01/14/15  House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
01/26/15  House: Assigned ACNRsub: Natural Resources
01/28/15  House: Subcommittee recommends reporting (4-Y 2-N)
02/04/15  House: Reported from Agriculture, Chesapeake and Natural Resources (18-Y 2-N)
02/05/15  House: Read first time
02/06/15  House: Read second time and engrossed
02/09/15  House: Read third time and passed House (84-Y 12-N 1-A)
02/09/15  House: VOTE: PASSAGE (84-Y 12-N 1-A)
02/10/15  Senate: Constitutional reading dispensed
02/10/15  Senate: Referred to Committee on Agriculture, Conservation and Natural Resources
02/19/15  Senate: Reported from Agriculture, Conservation and Natural Resources with substitite (13-Y 0-N 2-A)
02/19/15  Senate: Committee substitute printed 15105049D-S1
02/23/15  Senate: Constitutional reading dispensed (40-Y 0-N)
02/24/15  Senate: Read third time
02/24/15  Senate: Reading of substitute waived
02/24/15  Senate: Committee substitute agreed to 15105049D-S1
02/24/15  Senate: Engrossed by Senate - committee substitute HB2058S1
02/24/15  Senate: Passed Senate with substitute (37-Y 0-N 2-A)
02/24/15  House: Placed on Calendar
02/25/15  House: Senate substitute rejected by House 15105049D-S1 (0-Y 96-N)
02/25/15  House: VOTE: REJECTED (0-Y 96-N)
02/26/15  Senate: Senate insisted on substitute (38-Y 0-N)
02/26/15  Senate: Senate requested conference committee
02/26/15  House: House acceded to request
02/26/15  House: Conferees appointed by House
02/26/15  House: Delegates: Kilgore, Scott, Preston
02/26/15  Senate: Conferees appointed by Senate
02/26/15  Senate: Senators: Ruff, Petersen, Carrico
02/27/15  Conference: Amended by conference committee
02/27/15  House: Conference substitute printed 15105662D-H1
02/27/15  House: Conference report agreed to by House (96-Y 2-N)
02/27/15  House: VOTE: ADOPTION (96-Y 2-N)
02/27/15  Senate: Conference report agreed to by Senate (35-Y 0-N 2-A)
03/06/15  House: Enrolled
03/06/15  House: Bill text as passed House and Senate (HB2058ER)
03/06/15  House: Signed by Speaker
03/07/15  Senate: Signed by President
03/10/15  House: Enrolled Bill communicated to Governor on 3/10/15
03/10/15  Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/23/15  Governor: Approved by Governor-Chapter 396 (effective 7/1/15)
03/23/15  Governor: Acts of Assembly Chapter text (CHAP0396)