Bill Summary for S 709 (2011-2012)
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TO INCREASE ENERGY PRODUCTION IN NORTH CAROLINA TO DEVELOP A SECURE, STABLE, AND PREDICTABLE ENERGY SUPPLY TO FACILITATE ECONOMIC GROWTH, JOB CREATION, AND EXPANSION OF BUSINESS AND INDUSTRY OPPORTUNITIES AND TO ASSIGN FUTURE REVENUE FROM ENERGY EXPLORATION, DEVELOPMENT, AND PRODUCTION OF ENERGY RESOURCES IN ORDER TO PROTECT AND PRESERVE THE STATE'S NATURAL RESOURCES, CULTURAL HERITAGE, AND QUALITY OF LIFE.Intro. by Rucho, Brown, Tucker.
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House amendments make the following changes to 4th edition, as amended. Amendment #6 adds new Section 3.(b) to direct the Department of Environment and Natural Resources and the Energy Jobs Council to conduct joint studies as required by the Energy Jobs Act and by Section 4 of House Bill 242 (if it becomes law). Makes other conforming changes.
Amendment #7 reinstates previously deleted Section 2.(a)(3), specifying that the compact negotiations and recommendations must advocate proactively with each state’s Congressional delegation and appropriate federal agencies to ensure direct sharing of royalties and revenues related to energy leasing, exploration, development, and production of all offshore energy resources in federal waters adjacent to the state and the three-state region.