Sec. 31.25.160. Bonds and notes.
(a) The corporation may, by resolution, issue bonds and bond anticipation notes to provide funds to carry out its purposes. (b) The principal of and interest on the bonds or notes are payable from corporation funds. Bond anticipation notes may be payable from the proceeds of the sale of bonds or from the proceeds of […]
Sec. 31.25.170. Independent financial advisor.
In negotiating the sale of bonds or bond anticipation notes to an underwriter, the corporation may retain a financial advisor. A financial advisor retained under this section must be independent from the underwriter.
Sec. 31.25.030. Meetings of board.
(a) The board shall elect a chair, secretary, and treasurer from among its membership at each annual meeting. A majority of the members constitutes a quorum for organizing the board, conducting its business, and exercising the powers of the corporation. The board shall meet at the call of the chair. The board shall meet at […]
Sec. 31.25.035. Minutes of meetings.
The board shall keep minutes of each meeting and send certified copies to the governor and to the Legislative Budget and Audit Committee.
Sec. 31.05.110. Unitization and unitized operation of pools and integration of interests by agreement.
(a) To prevent, or to assist in preventing waste, to insure a greater ultimate recovery of oil and gas, and to protect the correlative rights of persons owning interests in the tracts of land affected, these persons may validly integrate their interests to provide for the unitized management, development, and operation of such tracts of […]
Sec. 31.25.040. Administration of affairs; program directors.
(a) The board shall manage the assets and business of the corporation and may adopt, amend, and repeal bylaws and regulations governing the manner in which the business of the corporation is conducted and the manner in which its powers are exercised. The board shall delegate supervision of the administration of the corporation to the […]
Sec. 31.05.120. Use of gas from well to manufacture carbon products without permit is prima facie waste.
The use of gas from a well producing gas only, or from a well which is primarily a gas well for the manufacture of carbon black or similar products predominantly carbon is declared to constitute waste prima facie, and the gas well may not be used for this purpose unless it is clearly shown at […]
Sec. 31.25.045. Executive director.
The corporation shall employ an executive director who may not be a member of the board. The executive director shall be appointed by the board and serves at the pleasure of the board.
Sec. 31.05.150. Penalties.
(a) In addition to the penalties in (b) – (e) of this section, a person who violates a provision of this chapter, a regulation adopted under this chapter, or an order, stipulation, or term of a permit issued by the commission is liable for a civil penalty of not more than $100,000 for the initial […]
Sec. 31.25.050. Legal counsel.
(a) Except as provided in (b) of this section, the corporation shall retain legal counsel to advise the corporation in legal matters and represent it in litigation. (b) The attorney general shall (1) be the legal counsel for the corporation for legal services related to the development of contracts and agreements by the corporation that […]