Bill Text: VA SB911 | 2017 | Regular Session | Prefiled
Bill Title: Orphaned Well Fund; surcharge.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2017-02-17 - Governor: Acts of Assembly Chapter text (CHAP0018) [SB911 Detail]
Download: Virginia-2017-SB911-Prefiled.html
Be it enacted by the General Assembly of Virginia:
1. That §45.1-361.40 of the Code of Virginia is amended and reenacted as follows:
§45.1-361.40. Orphaned Well Fund; orphaned wells.
A. The Orphaned Well Fund, referred
to in this section as "the Fund,"
is hereby established in the state
treasury as a special
non-lapsing revolving fund to be administered by the Department pursuant to the
provisions of this section. The Orphaned Well
Fund shall consist of such moneys as are appropriated to it by the General
Assembly and such surcharges as are collected pursuant to
subsection D. Interest earned on the
Orphaned Well Fund shall
remain in the Fund and be credited to
the Orphaned Well Fund it. The Orphaned Well Fund shall be established on the books of the
Comptroller and any funds remaining in it the Fund, including interest thereon,
at the end of the biennium each fiscal year shall not
revert to the general fund but shall remain in the
Orphaned Well Fund. In the event of a discontinuance of the Orphaned Well Fund, any
amounts remaining in it shall be placed in the Gas and Oil Plugging Restoration
Fund. Moneys from the Orphaned Well
Fund shall be used only for purposes of restoration and plugging of orphaned
wells. Expenditures and disbursements from the Fund shall
be made by the State Treasurer on warrants issued by the Comptroller upon
written request signed by the Director or his designee.
B. The Director shall conduct a survey to determine the
condition and location of orphaned wells in the Commonwealth. He shall
establish priorities for the plugging and restoration of the identified
orphaned wells. The plugging and restoration of orphan well sites which
that pose an imminent danger to public safety shall have
the highest priority.
C. In performing his duties under this section, the Director shall make every reasonable effort to identify and obtain the permission of a surface owner prior to entering onto the surface owner's land. In all cases, the Director shall as soon as practicable cause to be published in a newspaper of general circulation in the county or city wherein an orphaned well is located a notice of the proposed plugging and restoration work to be conducted on the property.
D. Each operator who applies for a new permit for any activity
other than geophysical operations shall pay a
fifty dollar $200
surcharge per permit into the Orphaned Well
Fund. Such surcharge shall continue until the Director determines all orphaned
wells in the Commonwealth are properly plugged and their sites are properly
stabilized.