Kansas Statutes 55-1,121. Same; fee fund
(a) There is hereby created in the state treasury the salt solution mining well plugging fund. Such fund shall be administered by the secretary in accordance with the provisions of this section and Kan. Stat. Ann. § 55-1,120, and amendments thereto.
(b) All moneys received by the secretary as grants, gifts, bequests or state or federal appropriations for the purposes of Kan. Stat. Ann. § 55-1,120, and amendments thereto, shall be remitted by the secretary to the state treasurer in accordance with the provisions of Kan. Stat. Ann. § 75-4215, and amendments thereto. Upon receipt of each such remittence the state treasurer shall deposit the entire amount in the state treasury to the credit of the salt solution mining well plugging fund. The secretary is authorized to receive from the federal government or any of its agencies or from any private or governmental source any funds made available for the purposes of Kan. Stat. Ann. § 55-1,120, and amendments thereto.
Terms Used In Kansas Statutes 55-1,121
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Month: means a calendar month, unless otherwise expressed. See Kansas Statutes 77-201
- Person: means any natural person, partnership, governmental or political subdivision, firm, association, corporation or other legal entity. See Kansas Statutes 55-150
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
- Well: means a hole or penetration of the surface of the earth, drilled or recompleted for the purpose of:
(1) Producing oil or gas;
(2) injecting fluid, air or gas in the ground in connection with the exploration for or production of oil or gas;
(3) obtaining geological information in connection with the exploration for or production of oil or gas by taking cores or through seismic operations;
(4) disposing of fluids produced in connection with the exploration for or production of oil or gas;
(5) providing cathodic protection to prevent corrosion to lines, tanks or structures; or
(6) injecting or withdrawing natural gas. See Kansas Statutes 55-150
(c) Moneys in the salt solution mining well plugging fund shall be expended only for the purpose of investigating and plugging wells, identifying responsible parties and otherwise administering the provisions of Kan. Stat. Ann. § 55-1,120, and amendments thereto.
(d) On or before the 10th of each month, the director of accounts and reports shall transfer from the state general fund to the salt solution mining well plugging fund interest earnings based on:
(1) The average daily balance of moneys in the salt solution mining well plugging fund for the preceding month; and
(2) the net earnings rate for the pooled money investment portfolio for the preceding month.
(e) All expenditures from the salt solution mining well plugging fund shall be made in accordance with appropriation acts upon warrants of the director of accounts and reports issued pursuant to vouchers approved by the secretary or a person designated by the secretary for the purposes set forth in this section.