Effective: September 14, 2016
Latest Legislation: Senate Bill 293 - 131st General Assembly
Notwithstanding any other provision of the Revised Code, not less than thirty per cent of the proceeds from a lease executed on and after September 30, 2011, for the exploration and production of oil or gas within or under a state park established under Chapter 1546. of the Revised Code shall be credited to the applicable fund created in the state treasury that supports the state park. The department of natural resources shall use the money credited to the applicable fund from a lease for expenses associated with the state park within or under which the oil or gas exploration and production occurred. Money credited shall be used for capital improvements.
Last updated August 6, 2021 at 3:11 PM