§ 31-25-901 — Legislative declaration

(1) The general assembly hereby
declares that decreasing supplies of energy resources and the increasing cost
thereof is causing severe financial burdens and constitutes a threat to the health
and welfare of the citizens of this state and that it is in the public interest that the
development of alternative sources of energy proceed expeditiously to avert
energy shortages and threats to the public health and welfare.

(2) To encourage the use and development by municipalities of alternate
energy resources in the form of unconventional gas supplies for the use of the
inhabitants of the municipalities of this state and for all citizens as alternate fuels
for use by municipal utilities and others, the powers of municipalities are hereby
expanded to authorize the formation of authorities for the purpose of financing
municipal operations for the exploration, development, and production of
unconventional gas, the use thereof for the purposes of municipal utilities, and the
marketing and sale thereof to others.

Legislative History

Source: L. 80: Entire part added, p. 658, � 1, effective July 1.