California Public Resources Code

§ 6880

PRC § 6880 Effective Jan 1, 2023Div. 6 · Part 2 · Ch. 3 · Art. 4

Statute text

(a)Contingent upon an appropriation of funds by the Legislature for this purpose, the commission shall develop, on or before December 31, 2024, a cost study that evaluates the fiscal impact of a voluntary relinquishment of any lease interests in actively producing state offshore oil and gas leases in state waters.

(b)The cost study shall consider at least all of the following factors:

(1)Expected duration of oil production at the time of leasing.

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Legislative history

Added by Stats. 2022, Ch. 692, Sec. 2. (AB 2257) Effective January 1, 2023.