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- Subject Index: Since 1995
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2015 SESSION
HB 2058 Coalbed methane gas; release of funds held in escrow or suspense.
Introduced by: Terry G. Kilgore | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Coalbed methane gas; release of funds held in escrow or suspense. Requires an operator of a previously pooled coalbed methane gas well to request, by the beginning of 2016, the release of any funds held in escrow or suspense to the person who possesses a claim through a gas title. A coal claimant may halt such a release of funds by providing evidence that the coal and gas claimants have reached an agreement or that a proceeding against the gas claimant is pending. For a well that is pooled after July 1, 2015, the bill requires the operator to pay royalties directly to the gas claimant unless the coal claimant provides evidence of an agreement or a proceeding within a certain time. The Virginia Oil and Gas Board, under certain conditions, is authorized to extend the time for the payment of funds held in escrow and is not required to order payment if the gas claimant fails to provide information needed by the Board in order to distribute the funds. The bill also provides that it shall not create a fiduciary duty or extinguish any cause of action, including an action for an accounting.
FULL TEXT
- 01/14/15 House: Prefiled and ordered printed; offered 01/14/15 15103347D pdf | impact statement
- 02/19/15 Senate: Committee substitute printed 15105049D-S1 pdf | impact statement
- 02/27/15 House: Conference substitute printed 15105662D-H1 pdf | impact statement
- 03/06/15 House: Bill text as passed House and Senate (HB2058ER) pdf | impact statement
- 03/23/15 Governor: Acts of Assembly Chapter text (CHAP0396) pdf
AMENDMENTS
HISTORY
- 01/14/15 House: Prefiled and ordered printed; offered 01/14/15 15103347D
- 01/14/15 House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
- 01/26/15 House: Assigned ACNRsub: Natural Resources
- 01/28/15 House: Subcommittee recommends reporting (4-Y 2-N)
- 02/04/15 House: Reported from Agriculture, Chesapeake and Natural Resources (18-Y 2-N)
- 02/05/15 House: Read first time
- 02/06/15 House: Read second time and engrossed
- 02/09/15 House: Read third time and passed House (84-Y 12-N 1-A)
- 02/09/15 House: VOTE: PASSAGE (84-Y 12-N 1-A)
- 02/10/15 Senate: Constitutional reading dispensed
- 02/10/15 Senate: Referred to Committee on Agriculture, Conservation and Natural Resources
- 02/19/15 Senate: Reported from Agriculture, Conservation and Natural Resources with substitute (13-Y 0-N 2-A)
- 02/19/15 Senate: Committee substitute printed 15105049D-S1
- 02/23/15 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/24/15 Senate: Read third time
- 02/24/15 Senate: Reading of substitute waived
- 02/24/15 Senate: Committee substitute agreed to 15105049D-S1
- 02/24/15 Senate: Engrossed by Senate - committee substitute HB2058S1
- 02/24/15 Senate: Passed Senate with substitute (37-Y 0-N 2-A)
- 02/24/15 House: Placed on Calendar
- 02/25/15 House: Senate substitute rejected by House 15105049D-S1 (0-Y 96-N)
- 02/25/15 House: VOTE: REJECTED (0-Y 96-N)
- 02/26/15 Senate: Senate insisted on substitute (38-Y 0-N)
- 02/26/15 Senate: Senate requested conference committee
- 02/26/15 House: House acceded to request
- 02/26/15 House: Conferees appointed by House
- 02/26/15 House: Delegates: Kilgore, Scott, Preston
- 02/26/15 Senate: Conferees appointed by Senate
- 02/26/15 Senate: Senators: Ruff, Petersen, Carrico
- 02/27/15 Conference: Amended by conference committee
- 02/27/15 House: Conference substitute printed 15105662D-H1
- 02/27/15 House: Conference report agreed to by House (96-Y 2-N)
- 02/27/15 House: VOTE: ADOPTION (96-Y 2-N)
- 02/27/15 Senate: Conference report agreed to by Senate (35-Y 0-N 2-A)
- 03/06/15 House: Enrolled
- 03/06/15 House: Bill text as passed House and Senate (HB2058ER)
- 03/06/15 House: Signed by Speaker
- 03/07/15 Senate: Signed by President
- 03/10/15 House: Enrolled Bill communicated to Governor on 3/10/15
- 03/10/15 Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
- 03/23/15 Governor: Approved by Governor-Chapter 396 (effective 7/1/15)
- 03/23/15 Governor: Acts of Assembly Chapter text (CHAP0396)