Stricken language would be deleted from and underlined language would be added to present law. Act 442 of the Regular Session *CRH184* 02/24/2025 12:24:19 PM CRH184 State of Arkansas 1 95th General Assembly A Bill 2 Regular Session, 2025 SENATE BILL 280 3 4 By: Senator Irvin 5 6 7 For An Act To Be Entitled 8 AN ACT TO DESIGNATE THE OIL AND GAS COMMISSION AS THE 9 CUSTODIAN OF ALL PROPERTY AND THE DISBURSING AGENT OF 10 ALL FUNDS OF THE OFFICE OF THE STATE GEOLOGIST; AND 11 FOR OTHER PURPOSES. 12 13 14 Subtitle 15 TO DESIGNATE THE OIL AND GAS COMMISSION 16 AS THE CUSTODIAN OF ALL PROPERTY AND THE 17 DISBURSING AGENT OF ALL FUNDS OF THE 18 OFFICE OF THE STATE GEOLOGIST. 19 20 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 21 22 SECTION 1. Arkansas Code ยง 15 -55-204 is amended to read as follows: 23 15-55-204. State Geologist. 24 (a)(1) The State Geologist shall be appointed by and serve at the 25 pleasure of the Governor. 26 (2) The State Geologist shall report to the Director of 27 Production and Conservation and the Secretary of the Department of Energy and 28 Environment. 29 (b) The State Geologist shall : 30 (1) Be be charged with the duty of administering the provisions 31 of this subchapter, the rules and orders established under this subchapter, 32 performing services requested by the director, and administering specified 33 provisions of Title 15, Chapter 71, and rules and orders established under 34 Title 15, Chapter 71 ; and 35 (2) Be custodian of all property held in the name of the Office 36 SB280 2 02/24/2025 12:24:19 PM CRH184 of the State Geologist, and shall be, ex officio, in consultation with the 1 director and the secretary, the disbursing agent of all funds available for 2 its use. 3 (c) The State Geologist may delegate his or her functions, powers, and 4 duties as he or she may deem desirable and necessary for the effective and 5 efficient operation of the office Office of State Geologist . 6 (d) In addition to other duties and functions prescribed for the State 7 Geologist, he or she shall advise the director, the secretary, the Governor, 8 and the General Assembly, on all geological matters concerning the state. 9 (e) The director shall be the: 10 (1) Custodian of all property held in the name of the office; 11 and 12 (2) Disbursing agent, in consultation with the secretary, of all 13 funds available for the office's use. 14 15 16 APPROVED: 4/3/25 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36