Bill Summaries: H1185 FRACKING CONTRACTS/AGAINST PUBLIC POLICY.

Tracking:
  • Summary date: May 29 2012 - More information

    Enacts new Article 4 to GS Chapter 22B to void any contact or lease agreement that conveys oil, gas, or mineral rights for natural gas extraction using hydraulic fracturing. Appropriates $25,000 to the Department of Justice to study the extent and nature of existing contracts that are declared void by the act. Applies to contracts or lease agreements recorded on or after October 1, 2012, and expires October 1, 2015.


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