(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a special revenue fund to be known as the “Oil and Gas Commission Fund”.
(b) The fund shall consist of those special revenues as specified in § 19-42-201(62), (111), and (275) and § 14-1-606.
(c) The fund shall be used for:(1) The maintenance, operation, and improvement required by the Oil and Gas Commission in carrying out the functions, powers, and duties as set out in § 15-72-101 et seq., § 23-119-101 et seq., and other applicable law;(2) Payment of expenses of the Office of the State Geologist under § 15-71-107(b)(2)(B); or(3) Other duties imposed by law upon the commission.
(1) The maintenance, operation, and improvement required by the Oil and Gas Commission in carrying out the functions, powers, and duties as set out in § 15-72-101 et seq., § 23-119-101 et seq., and other applicable law;
(2) Payment of expenses of the Office of the State Geologist under § 15-71-107(b)(2)(B); or
(3) Other duties imposed by law upon the commission.