Indiana § 14-37-5-2 - Amount of annual fee; exception
Full text of Indiana Indiana Code § 14-37-5-2 — Amount of annual fee; exception, with citation guidance and answers to common questions.
§ 14-37-5-2. Amount of annual fee; exception
Sec. 2. (a) Notwithstanding section 1(b) of this chapter, if the amount in the oil and gas environmental fund established by IC 14-37-10-2 is more than one million five hundred thousand dollars ($1,500,000) on November 1 of a year, the annual fee required by section 1 of this chapter must be reduced by seventy-five percent (75%). However, the department shall charge a fee of at least fifty dollars ($50).
(b) The fee required under subsection (a) remains in effect until the amount in the oil and gas environmental fund is less than one million dollars ($1,000,000) on November 1 of a year.
[Pre-1995 Recodification Citation: 13-8-6-2.]
As added by P.L.1-1995, SEC.30. Amended by P.L.48-2002, SEC.3.
IC 14-37-6Chapter 6. Bonding
14-37-6-1Bonds required for oil and gas well applicants 14-37-6-2Cash or certificate of deposit instead of bond 14-37-6-3Duration of bond 14-37-6-4Proof of financial ability to abandon noncommercial natural gas well 14-37-6-5Forfeiture of bond or alternative security 14-37-6-6Repealed
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 14-37-5-2
What does Indiana Code § 14-37-5-2 cover?
Section 14-37-5-2 ("Amount of annual fee; exception") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 14-37-5-2?
A common citation format is "Indiana Code § 14-37-5-2" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 14-37-5-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.