Pipeline companies must disclose investor information in permit applications, with penalties for non-compliance.
The bill requires pipeline companies to include detailed investor information in permit applications for eminent domain rights. This includes the names, home addresses, and investment ranges of all investors. Failure to comply results in a civil penalty of at least $1 million and a cause of action for residents to seek damages. The bill applies retroactively to applications submitted on or after July 1, 2019.
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- Impact
- Legal Framework
- Critical Issues
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