Sec. 2. (a) Notwithstanding section 1(b) of this chapter, if the amount in the oil and gas environmental fund established by IC 14-37-10-2 is more than one million five hundred thousand dollars ($1,500,000) on November 1 of a year, the annual fee required by section 1 of this chapter must be reduced by seventy-five percent (75%). However, the department shall charge a fee of at least fifty dollars ($50). (b) The fee required under subsection (a) remains in effect until the amount in the oil and gas environmental fund is less than one million dollars ($1,000,000) on November 1 of a year. [Pre-1995 Recodification Citation: 13-8-6-2.] IC 14-37-6 Chapter 6. Bonding 14-37-6-1 Bonds required for oil and gas well applicants 14-37-6-2 Cash or certificate of deposit instead of bond 14-37-6-3 Duration of bond 14-37-6-4 Proof of financial ability to abandon noncommercial natural gas well 14-37-6-5 Forfeiture of bond or alternative security 14-37-6-6 Repealed
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