Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
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2 1st Session of the 60th Legislature (2025)
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3 SENATE BILL 897 By: Bergstrom
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6 AS INTRODUCED
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7 An Act relating to the Corporation Commission;
7 amending 17 O.S. 2021, Section 180.10, which relates
8 to the Corporation Commission Plugging Fund;
8 modifying termination date of fund; updating
9 statutory language; and providing an effective date.
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12 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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13 SECTION 1. AMENDATORY 17 O.S. 2021, Section 180.10, is
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14 amended to read as follows:
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15 Section 180.10. A. There is hereby created in the State
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16 Treasury a fund for the Corporation Commission to be designated the
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17 "Corporation Commission Plugging Fund". The plugging fund shall
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18 consist of monies received by the Corporation Commission as required
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19 by law to be deposited to the credit of said the fund. The fund
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20 shall be a continuing fund not subject to fiscal year limitations
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21 and shall not be subject to legislative appropriations.
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22 Expenditures from the plugging fund shall be made pursuant to the
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23 laws of this state and the statutes relating to the Corporation
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24 Commission. For each fiscal year, the Commission may expend not
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Req. No. 83 Page 1
1 more than eight percent (8%) of the total amount deposited to the
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2 credit of the plugging fund during the previous fiscal year for the
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3 purpose of responding to occurrences of seeping natural gas as
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4 provided for in Section 317.1 of Title 52 of the Oklahoma Statutes.
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5 In addition, expenditures from the plugging fund may be made
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6 pursuant to the Oklahoma Central Purchasing Act, Section 85.1 et
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7 seq. of Title 74 of the Oklahoma Statutes, for purposes of
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8 immediately responding to emergency situations, within the
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9 Commission's jurisdiction, having potentially critical environmental
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10 or public safety impact. Warrants for expenditures from the fund
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11 shall be drawn by the State Treasurer, based on claims signed by an
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12 authorized employee of the Corporation Commission and approved for
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13 payment by the Director of the Office of Management and Enterprise
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14 Services. The provisions of this act or rules promulgated pursuant
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15 thereto, shall not be construed to relieve or in any way diminish
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16 the surety bonding requirements required by Section 318.1 of Title
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17 52 of the Oklahoma Statutes.
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18 B. Prior to July 1, 2026 July 1, 2036, the plugging fund shall
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19 be maintained at Five Million Dollars ($5,000,000.00). If the
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20 plugging fund falls below the five-million-dollar maintenance level,
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21 the Corporation Commission shall notify the Oklahoma Tax Commission
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22 that the plugging fund has fallen below the required maintenance
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23 level and that the excise tax which has been levied by subsection A
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24 of Section 1101 of Title 68 of the Oklahoma Statutes and subsection
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Req. No. 83 Page 2
1 A of Section 1102 of Title 68 of the Oklahoma Statutes which is
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2 credited and apportioned to the Corporation Commission Plugging Fund
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3 pursuant to Section 1103 of Title 68 of the Oklahoma Statutes is to
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4 be imposed. Such additional excise tax shall be imposed and
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5 collected until such time as is necessary to meet the additional
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6 five-million-dollar maintenance level. The Tax Commission shall
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7 notify the persons responsible for payment of the excise tax on oil
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8 and gas of the imposition of such tax. The provisions of this
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9 subsection shall terminate on July 1, 2026 July 1, 2036.
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10 SECTION 2. This act shall become effective November 1, 2025.
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12 60-1-83 RD 1/19/2025 5:45:31 AM
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Req. No. 83 Page 3Every fact on this page links to its source, starting with the official bill record.