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2010 SESSION
HB 1344 Coalbed methane gas; Gas & Oil Board to order arbitration to resolve conflicting claim of ownership.
Introduced by: Terry G. Kilgore | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Coalbed methane gas; conflicting claims of ownership; arbitration. Requires that the Virginia Gas and Oil Board order arbitration to resolve conflicting claims of ownership over coalbed methane upon the written request of all parties claiming ownership. The arbitrator shall be appointed by the circuit court from a list of qualified persons maintained by the Department of Mines, Minerals, and Energy. To qualify as an arbitrator, a candidate (i) shall be an attorney licensed in the Commonwealth; (ii) shall have at least 10 years of experience in real estate law, including substantial expertise in mineral title examination; and (iii) shall disclose to the Board whether he has been engaged within the preceding three years by any person in matters subject to the jurisdiction of the Board or the Department. The arbitrator shall make a determination within six months and, after receiving notice of the written determination, the Gas and Oil Board must disburse any proceeds held in escrow and owing to the owner of the coalbed methane gas interest. The costs of the arbitrator shall be paid from the accrued interest on general escrow account funds. If the Department finds, at the outset of the request for arbitration, that there are insufficient funds to pay the estimated costs of the arbitration, the claimants may, by unanimous agreement, proceed with the arbitration process, notify the Board of such agreement, and bear the costs to the extent of the insufficiency. If the parties do not agree, the arbitration shall be delayed until such funds are available.
FULL TEXT
- 01/22/10 House: Presented and ordered printed 10103902D pdf
- 02/03/10 House: Committee substitute printed 10104990D-H1 pdf | impact statement
- 03/08/10 Senate: Committee substitute printed 10105841D-S1 pdf | impact statement
- 03/22/10 House: Bill text as passed House and Senate (HB1344ER) pdf | impact statement
- 04/11/10 Governor: Acts of Assembly Chapter text (CHAP0442) pdf
HISTORY
- 01/22/10 House: Presented and ordered printed 10103902D
- 01/22/10 House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
- 02/03/10 House: Reported from Agriculture, Chesapeake and Natural Resources with substitute (22-Y 0-N)
- 02/03/10 House: Committee substitute printed 10104990D-H1
- 02/04/10 House: Read first time
- 02/08/10 House: Read second time
- 02/08/10 House: Committee substitute agreed to 10104990D-H1
- 02/08/10 House: Engrossed by House - committee substitute HB1344H1
- 02/09/10 House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 02/09/10 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/10/10 Senate: Constitutional reading dispensed
- 02/10/10 Senate: Referred to Committee on Agriculture, Conservation and Natural Resources
- 03/08/10 Senate: Committee substitute printed 10105841D-S1
- 03/08/10 Senate: Reported from Agriculture, Conservation and Natural Resources with substitite (14-Y 0-N)
- 03/09/10 Senate: Constitutional reading dispensed (39-Y 0-N)
- 03/10/10 Senate: Read third time
- 03/10/10 Senate: Reading of substitute waived
- 03/10/10 Senate: Committee substitute agreed to 10105841D-S1
- 03/10/10 Senate: Engrossed by Senate - committee substitute HB1344S1
- 03/10/10 Senate: Passed Senate with substitute (40-Y 0-N)
- 03/10/10 House: Placed on Calendar
- 03/11/10 House: Senate substitute agreed to by House 10105841D-S1 (97-Y 1-N)
- 03/11/10 House: VOTE: --- ADOPTION (97-Y 1-N)
- 03/22/10 House: Enrolled
- 03/22/10 House: Bill text as passed House and Senate (HB1344ER)
- 03/22/10 House: Signed by Speaker
- 03/25/10 Senate: Signed by President
- 04/11/10 Governor: Approved by Governor-Chapter 442 (effective 7/1/10)
- 04/11/10 Governor: Acts of Assembly Chapter text (CHAP0442)