H2461B2883A03821 NAD:EJH 03/29/22 #90 A03821
AMENDMENTS TO HOUSE BILL NO. 2461
Sponsor: REPRESENTATIVE OWLETT
Printer's No. 2883
Amend Bill, page 2, line 16, by striking out "grant" and
inserting
approve
Amend Bill, page 2, line 17, by striking out "grant" and
inserting
approve
Amend Bill, page 2, line 18, by striking out "the grant of a
lease"
Amend Bill, page 2, line 28, by striking out "grant or not
grant a lease" and inserting
approve or not approve a submission or nomination
Amend Bill, page 2, lines 29 and 30, by striking out "the
grant of a lease"
Amend Bill, page 3, line 25, by striking out all of said line
and inserting
(h) Competitive bidding process.--If the department approves
a submission or nomination under this act, the department shall
hold a competitive bidding process for the rights in question
under the already approved submission or nomination. The
following shall apply:
(1) The department shall notify the company that
submitted the approved submission or nomination of the time
and manner by which the bidding process will take place and
the bidding process shall be open to any company.
(2) When the department approves a submission or
nomination under this act, the department shall post
information regarding the time and manner by which the
bidding process will take place, along with a description of
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the rights which will be bid.
(3) The department shall complete the bidding process
and select the winning bidder within 45 days of approving a
submission or nomination under this act.
(4) The winning bidder shall be awarded a lease for the
rights in question previously approved by the department.
Section 4. Deposits.
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