A. The division shall immediately notify the secretary of taxation and revenue upon:
- (1) certifying that a positive production response has occurred for an enhanced oil recovery project, in which case the notice shall contain the date certification was made and the date positive production response occurred;
- (2) receiving notification of termination of an enhanced recovery project, in which case the notice shall contain the date of termination; and
- (3) adopting and promulgating rules and regulations pursuant to the provisions of the Enhanced Oil Recovery Act.
- B. The secretary of taxation and revenue shall adopt and promulgate rules and regulations to enforce the provisions of the Enhanced Oil Recovery Act.
History: Laws 1992, ch. 38, § 4.