Energy product reclassification and sovereignty act.
What changed between versions
Added a requirement that a board of county commissioners must nominate an area before the Energy Authority can establish an industrial sovereign zone.
Changed the authority's power to modify zone boundaries; enlargements now require formal consent from each affected county.
Removed the original provision allowing the authority to unilaterally determine zone areas based on reduced gas prices without a county nomination process.
Explicitly listed methane pyrolysis and ammonia synthesis as examples of 'substantial molecular transformation' in the definitions section.
Authorized the Energy Authority to collect annual fees from producers participating in the voluntary certification program to cover administrative costs.
Updated tax exemption references to cite new statutory subdivisions (V) instead of the previous (O)(II) and (D)(II) designations.