Statute 55-1411: Price limitations to terminate December 31, 1984; reports by
commission; end-use allocation by commission, when.
All price limitations as defined in this act shall terminate
not later than December 31, 1984. The commission shall monitor and report
to the legislature at the commencement of each
regular session in each year this act remains in operation, the effect of
this act upon the availability
of natural gas in this state. In any case where the commission finds that
natural gas subject to this act has been or is being diverted to the interstate
market, it shall require that the quantity of natural gas which is the object
of any other sale of natural gas subject to this act for use as boiler fuel
to generate electricity, except for the use thereof for such purpose by
municipal utilities and rural electric cooperatives, be reduced in an amount
equal to the natural gas so diverted, and that such amount of natural gas
be allocated for other uses.
History: L. 1979, ch. 171, § 11; May 29.