SB 627
Removing prohibition against leasing state-owned pore spaces underlying lands designated as state parks
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Sign in to take action- Introduced
- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill would allow the West Virginia Director of Natural Resources to lease state-owned pore spaces located beneath lands designated as state parks. Currently, leasing is prohibited for these areas. The bill outlines a process for bidding, including publication requirements and potential direct awards under specific economic development circumstances. Proceeds from any leases would be deposited into a designated fund.
Key provisions
- Allows leasing of state-owned pore spaces.
- Specifically addresses pore spaces beneath state parks.
- Requires sealed bids for leases, with a publication process.
- Provides an exception for direct lease awards by the Director with approval from the Secretary of Commerce and the Secretary of Economic Development if it supports an economic development project.
- Specifies that lease proceeds should be deposited into a designated fund.
- Requires notice to the public through legal advertisement.
- Sets forth requirements for bond performance.
- References relevant sections of the Code of West Virginia regarding carbon sequestration.
Who is affected
- West Virginia State Parks
- West Virginia Department of Natural Resources
- Potential lessees (carbon sequestration companies)
- The State of West Virginia
- Economic Development Agencies
Notable changes
- Removes the existing prohibition on leasing pore spaces under state parks.
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