Montana SB81 revises rules for leasing state lands for underground gas storage.
Montana SB81 revises the rules for leasing state lands for underground gas storage. The bill defines "gas or liquified gas" and authorizes the board to lease state lands to qualified entities for gas storage. It sets conditions for the lease, including a bond requirement to protect the state against loss. The bill also mandates that lessees take precautions to prevent waste and protect oil or gas deposits.
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