HB 2389 Gas or oil drilling units; escrowed proceeds.
Todd E. Pillion | all patrons    ...    notes
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Summary as introduced:
Gas or oil drilling units; escrowed proceeds; school board. Provides that proceeds of certain gas or oil wells, escrowed because the owner's identity and location remain unknown, shall be presumed abandoned and made available to the school board nearest the drilling unit. Current law requires such escrowed proceeds to be disposed of pursuant to the Uniform Disposition of Unclaimed Property Act. The bill also provides that certain escrowed proceeds due to known and locatable claimants of coalbed methane gas wells that were force-pooled prior to July 1, 2015, shall be made available to the local school board when one year has passed and certain other conditions are met.

Full text:
01/18/17  House: Presented and ordered printed 17104060D  pdf | impact statement

Status:
01/18/17  House: Presented and ordered printed 17104060D
01/18/17  House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
01/25/17  House: Referred from Agriculture, Chesapeake and Natural Resources by voice vote
01/25/17  House: Referred to Committee on Finance
01/25/17  House: Assigned Finance sub: Subcommittee #3
01/27/17  House: Subcommittee recommends laying on the table by voice vote
02/07/17  House: Left in Finance