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

Indiana Statutes

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

Indiana·Art. 37 OIL AND GAS·Ch. 5 Fee for Class II Wells

(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.]

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