Official Code of Georgia Annotated

Title 12. CONSERVATION AND NATURAL RESOURCES · Chapter 4. MINERAL RESOURCES AND CAVES · Article 2. MINING AND DRILLING · Part 1. OIL WELL REWARD

12-4-20. Amount of reward; eligibility for reward.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

There shall be paid the sum of $250,000.00 to the first person, firm, or corporation, or combination thereof, which puts down and brings in the first commercial oil well in this state, provided that such well must produce at least 100 barrels of oil per day. The determination as to whether such well is producing this amount is vested in the commissioner of natural resources.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Ga. L. 1958, p. 265, § 1; Ga. L. 1983, p. 514, § 2.

Editor's notes

Ga. L. 1983, p. 514, § 1, not codified by the General Assembly, provides as follows: ‘‘It is the intent of this Act to implement the provisions of Article III, Section VI, Paragraph VI of the Constitution of the State of Georgia.’’

Cross references

Gratuities prohibited, Ga. Const. 1983, Art. III, Sec. VI, Para. VI.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t12-(v10)-2021-pdf.pdf, Volume V10, 2021 edition, page 302; merge action: carried; file SHA-256 a1ca11f804f2.