HB 22-1361

House Bill 22-1361 requires Colorado’s State Auditor to randomly select oil and gas operators by February 1, 2025. The selected companies will then provide the auditor with detailed reporting information about their operations for the year 2023 by April 15, 2025. Following this, the auditor must conduct a performance audit using this data and submit a report with recommendations to the legislative audit committee by March 1, 2026. This bill is now signed into law, meaning these requirements are officially in place for oil and gas companies operating in Colorado.

Official Summary

The act requires: No later than February 1, 2025, the state auditor to select a random sample of operators (random sample) and provide the list of operators in the random sample to the oil and gas conservation commission (commission), the executive director of the department of revenue (executive director), and the division of administration in the department of public health and environment (division); No later than April 15, 2025, the commission, executive director, and division to submit certain reporting information for the operators in the random sample for calendar year 2023 and other information to the state auditor; No later than May 1, 2025, the state auditor to commence conducting or cause to be conducted a performance audit based on the information submitted by the commission, the executive director, and the division; and No later than March 1, 2026, the state auditor to prepare a report and recommendations based on the performance audit, which the state auditor will present to the legislative audit committee.(Note: This summary applies to this bill as enacted.)

Related Legislation

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