O.C.G.A.

O.C.G.A. § 12-4-20 (2019)

Amount of reward; eligibility for reward

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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There shall be paid the sum of $250,000.00 to the first person, firm, or corporation, or combination thereof, which puts down and brings in the first commercial oil well in this state, provided that such well must produce at least 100 barrels of oil per day. The determination as to whether such well is producing this amount is vested in the commissioner of natural resources.

History

Ga. L. 1958, p. 265, § 1; Ga. L. 1983, p. 514, § 2.

Annotations

Cross references. - Gratuities prohibited, Ga. Const. 1983, Art. III, Sec. VI, Para. VI. Editor’s notes. - Ga. L. 1983, p. 514,

§ 1, not codified by the General Assembly, provides as follows: ‘‘It is the intent of this Act to implement the provisions of Article III, Section VI, Paragraph VI of the Constitution of the State of Georgia.’’

RESEARCH REFERENCES Am. Jur. 2d. - 12 Am. Jur. 2d, Bounties, § 5.