June 30, 2012(Key vote)
Title: Prohibits Gas Drilling in Certain Areas
Vote Smart's Synopsis:
Vote to pass a bill that prohibits natural gas drilling in certain areas and temporarily prohibits certain cities from declaring bankruptcy.
Prohibits the Department of Environmental Protection from issuing well permits for oil and gas operations in the South Newark Basin until all of the following have occurred (Sec. 6):
The Department of Conservation and Natural Resources, in consultation with municipalities in the South Newark Basin, completes a study evaluating the implications of oil and gas operations raised by a 2012 U.S. Geological Survey report; and
Legislation authorizes counties in the South Newark Basin to charge a fee for gas wells within their borders.
Specifies that the study and county fee authorization requirements described above will expire January 1, 2018 (Sec. 6).
Requires the bond amount for oil or gas wells to be $2,500 per well or a blanket bond of $25,000 (Sec. 6).
Prohibits a financially distressed city, with a population of at least 106,000, from filing for bankruptcy until November 30, 2012 (Sec. 6).