Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 5105 imposes a requirement on payors of proceeds from oil and gas production to notify payees when payments are suspended for reasons other than those specified in current law. The bill establishes a 30-day deadline for notification and mandates that payors pay interest on delayed payments if they fail to comply.
Author (1)
Jon Rosenthal