§ 38-08-04.11 — Cash bond fund for plugging oil and gas wells and reclamation of oil and gas well sites - Appropriation

North Dakota § 38-08-04.11

• Jurisdiction: North Dakota
• Title 38: Mining and Gas and Oil Production
• Ch. 38-08: Control of Gas and Oil Resources

Text

gas well sites - Appropriation.
1. There is hereby created a cash bond fund for the plugging of abandoned oil and gas
wells and the reclamation of abandoned oil and gas well sites.
2. From all moneys held or controlled by the commission under paragraph 4 of
subdivision a of subsection 1 of section 38-08-04, there is to be deposited in the cash
bond fund such amount as determined by the commission but such amount may not
exceed an amount equal to an annual return of two percent of the cash bond deposit.
3. Moneys in the cash bond fund are hereby appropriated to the commission to be used
for the following purposes:
a. Defraying costs incurred in the plugging of abandoned oil and gas wells, and
related activities.

b. Defraying costs incurred in the reclamation of abandoned oil and gas drilling and
production sites, saltwater disposal pits, drilling fluid pits, and access roads, and
related activities.