2016 Arkansas Code
Title 19 - Public Finance
Chapter 6 - Revenue Classification Law
Subchapter 8 - -- Special Revenue Funds Continued
§ 19-6-806. Abandoned and Orphan Well Plugging Fund
The Abandoned and Orphan Well Plugging Fund shall consist of those special revenues as specified in § 19-6-301(230), proceeds from the transfer of a well, well-site equipment, or hydrocarbons from the well as established by § 15-72-217(b)(2), grants, gifts, and any other revenues as may be authorized by law, there to be used by the Oil and Gas Commission to provide security in the event an oil and/or gas well operator fails to perform plugging responsibilities under § 15-72-217 or fails to correct well conditions that create an imminent danger to the health or safety of the public, or threaten significant environmental harm or damage to property.
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