Collection and administration of production fees - rules - transfer - repeal

(1) When collecting the production fees for clean transit and the production fees for wildlife and land remediation, the executive director shall retain an amount that does not exceed the total cost of collecting, administering, and enforcing the production fees for clean transit and the production fees for wildlife and land remediation and shall transmit the amount retained to the state treasurer, who shall credit the amount as follows: (a) (I) Prior to July 1, 2027, to the oil and gas production fees collection fund, which is created in the state treasury. All money in the oil and gas production fees collection fund is continuously appropriated to the department of revenue to defray the costs incurred by the department of revenue in collecting, enforcing, and administering the production fees for wildlife and land remediation and the production fees for clean transit. (II) This subsection (1)(a) is repealed, effective July 1, 2027. The state treasurer shall transfer all unexpended and unencumbered money remaining in the oil and gas production fees collection fund on June 30, 2027, to the cost recovery cash fund created in section 24-35-123 (2). (b) Beginning July 1, 2027, to the cost recovery cash fund created in section 24-35-123 (2). (2) The executive director may promulgate rules not inconsistent with this article 61 or section 43-4-1204, prescribe forms, and take other actions necessary for the proper collection, administration, and enforcement of the production fees for wildlife and land remediation and the production fees for clean transit.