Corporation Commission; processes for cities and counties to seek certain reimbursement; fair market value; requiring application to request use of certain funds; creating the Remediation Assistance Revolving Fund. Emergency.

What it does: Sets a process for cities and counties to seek reimbursement from a new Remediation Assistance Revolving Fund after buying and removing homes contaminated by oil or brine. The Commission remediates using state plugging funds; the city or county then sells the property and returns proceeds. (AI-written summary of the bill; the official record shows the exact version voted)

Question before the chamber: Third Reading

Read the official record ↗