Indiana § 14-37-5-2 Amount of annual fee; exception

Indiana Statutes

§ 14-37-5-2 — Amount of annual fee; exception

Indiana § 14-37-5-2

Art. 37OIL AND GAS

Ch. 5Fee for Class II Wells

This text of Indiana § 14-37-5-2 (Amount of annual fee; exception) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 14-37-5-2 (2026).

Text

(a)Notwithstanding section 1(b) of this chapter, if the amount in the oil and gas environmental fund established by IC 14-37-10-2 is more than one million five hundred thousand dollars ($1,500,000) on November 1 of a year, the annual fee required by section 1 of this chapter must be reduced by seventy-five percent (75%). However, the department shall charge a fee of at least fifty dollars ($50).

(b)The fee required under subsection (a) remains in effect until the amount in the oil and gas environmental fund is less than one million dollars ($1,000,000) on November 1 of a year. [Pre-1995 Recodification Citation: 13-8-6-2.]

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(a) Notwithstanding section 1(b) of this
chapter, if the amount in the oil and gas environmental fund established
by IC 14-37-10-2 is more than one million five hundred thousand
dollars ($1,500,000) on November 1 of a year, the annual fee required
by section 1 of this chapter must be reduced by seventy-five percent
(75%). However, the department shall charge a fee of at least fifty
dollars ($50).
(b) The fee required under subsection (a) remains in effect until the
amount in the oil and gas environmental fund is less than one million
dollars ($1,000,000) on November 1 of a year.
[Pre-1995 Recodification Citation: 13-8-6-2.]