SB 897: Corporation Commission; modifying termination date of Plugging Fund. Effective date. - Oklahoma

Floor (House) → Floor (Senate) · 4 edits

MODERATE

The bill was moved from the House to the Senate floor version with formatting updates and a significant policy change extending the fund's termination date from July 1, 2026 to July 1, 2031. The Senate version also adds a committee report from the Revenue and Taxation Committee dated February 24, 2025, replacing the Administrative Rules Committee report.

Scope change

The bill's scope remains focused on the Corporation Commission Plugging Fund, but the termination date for mandatory excise tax collection was extended by five years.

TIMELINE

Extended the termination date for the plugging fund maintenance requirement and associated excise tax from July 1, 2026 to July 1, 2031

Added Senate Floor Version header and date (February 24, 2025) replacing House of Representatives header

TECHNICAL

Replaced House Committee Report from Administrative Rules dated 04/08/2025 with Senate Committee Report from Revenue and Taxation dated February 24, 2025

Adjusted line numbering and formatting throughout the document to reflect Senate floor version

Committee Substitute → Floor (House) · 3 edits

MINOR

The bill was amended from a Committee Substitute version to the House Floor version, primarily changing the header information to reflect it is now the House Floor version rather than the Committee Substitute. The substantive policy content regarding the Corporation Commission Plugging Fund, including funding amounts, maintenance levels, and effective dates, remains unchanged.

TECHNICAL

Header information changed from 'Committee Substitute' to 'House of Representatives - Floor Version' to reflect the bill's current stage in the legislative process.

Page footers and formatting markers were updated to reflect House Floor version numbering and formatting conventions.

Committee Report section was retained but repositioned in the document structure.

Enrolled (final version) → Committee Substitute · 4 edits

MODERATE

This bill was revised from its enrolled version to a committee substitute version, primarily changing the formatting and page numbering while retaining the core legislative content. The substantive policy provisions regarding the Corporation Commission Plugging Fund remain unchanged, including fund maintenance levels, expenditure limits, and effective dates.

TECHNICAL

Page numbering and formatting were updated to reflect the committee substitute version, with page references changing from 'Page 2' and 'Page 3' to 'Page 1' and 'Page 2' respectively.

The bill header was updated to show 'Committee Substitute' instead of 'Enrolled Senate' and removed the original sponsor attribution format.

Original enrolled version signatures and dates from the Senate, House, and Governor were removed as they are no longer applicable to the committee substitute version.

POLICY

All substantive policy provisions regarding the Corporation Commission Plugging Fund, including fund creation, maintenance levels, expenditure limits, and effective dates, remain identical to the enrolled version.

Engrossed → Enrolled (final version) · 4 edits · May 7, 2025

MODERATE

SB 897 was finalized as an enrolled bill with minor formatting updates and a critical policy change extending the plugging fund maintenance requirement from July 1, 2026 to July 1, 2031. The effective date was set for November 1, 2025, and the bill includes standard signatures from the Senate, House, and Governor.

Scope change

The bill's scope remains focused on the Corporation Commission Plugging Fund, but the duration of mandatory fund maintenance requirements was extended by five years.

TIMELINE

The termination date for the plugging fund maintenance requirement was changed from July 1, 2026 to July 1, 2031, extending the period during which the fund must be maintained at $5 million.

TECHNICAL

The bill was converted from Engrossed to Enrolled status, indicating it has passed both legislative chambers and received the Governor's approval.

The effective date of the act was established as November 1, 2025.

Placeholder text for dates and signatures in the House and Senate sections was replaced with final enrolled versions including specific dates and signature lines.

Introduced → Engrossed · 2 edits · Mar 11, 2025

MINOR

This bill modifies the Corporation Commission Plugging Fund in Oklahoma by changing the termination date for mandatory excise tax contributions from July 1, 2036 to July 1, 2031. The bill also updates formatting and procedural elements to reflect the bill's progression from introduction to engrossed status.

Scope change

The bill's scope remains focused on the Corporation Commission Plugging Fund, but the timeline for required tax contributions has been shortened by five years.

TIMELINE

Changed the termination date for the excise tax requirement from July 1, 2036 to July 1, 2031, meaning the tax must be imposed for a shorter period to maintain the fund at $5 million.

TECHNICAL

Updated bill formatting and procedural language to reflect its status as an engrossed bill that has passed the Senate and House of Representatives.

Corporation Commission; modifying termination date of Plugging Fund. Effective date.

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