HB 18-1098

House Bill 18-1098, which has been signed into law, ensures that any leftover money in the Environmental Response Account at the end of the year stays within that account rather than moving it to a larger fund. This means that funds intended for addressing environmental issues caused by oil and gas operations will remain available specifically for those purposes. The bill affects the Colorado Oil and Gas Conservation Commission and helps ensure consistent funding for environmental response efforts related to oil and gas activities.

Official Summary

Under current practice, expenditures by the Colorado oil and gas conservation commission to address the mitigation of adverse environmental impacts of oil and gas operations are paid from the environmental response account of the oil and gas conservation and environmental response fund, and the year-end balance of the account transfers into the fund. The bill specifies that the year-end balance of the account remains in the account. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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