Article 8.--INTERSTATE COMPACT TO CONSERVE OIL AND GAS
55-801.Representative may be appointed to agree upon compact withpetroleum-producing states; objectives of compact.The governor is authorized to appoint a representative to meet withrepresentatives of the governors of other petroleum-producing states, andof the United States, for the purpose of agreeing upon a compact among suchstates effecting the following objectives:
(a) Establishment of a joint state and federal fact-finding agency toconsist of one representative of each compacting state, appointed by thegovernor, and one representative of the United States as congress or thepresident shall direct. Said agency shall make periodic findings, subjectto approval and modification by the president, of the demand for petroleumto be produced within the United States, for withdrawals from storage, andfor petroleum and products thereof to be imported. It shall thereupon,subject to concurrence of representatives of compacting states capable oftogether producing two-thirds of the demand for domestic production sofound, and approval and modification by the president, determine the partthereof allowable as production within each petroleum-producing state.
(b) Voluntary regulation of production by each compacting state withinits own borders in accordance with said determination of the jointfact-finding agency, to the extent that and in such manner as the laws ofeach state may authorize.
(c) Formulation by the joint agency of uniform conservation measures andtax laws which it shall recommend to the compacting states and exercise bysaid agency of such incidental powers as may be agreed upon.
Article 8.--INTERSTATE COMPACT TO CONSERVE OIL AND GAS
55-801.Representative may be appointed to agree upon compact withpetroleum-producing states; objectives of compact.The governor is authorized to appoint a representative to meet withrepresentatives of the governors of other petroleum-producing states, andof the United States, for the purpose of agreeing upon a compact among suchstates effecting the following objectives:
(a) Establishment of a joint state and federal fact-finding agency toconsist of one representative of each compacting state, appointed by thegovernor, and one representative of the United States as congress or thepresident shall direct. Said agency shall make periodic findings, subjectto approval and modification by the president, of the demand for petroleumto be produced within the United States, for withdrawals from storage, andfor petroleum and products thereof to be imported. It shall thereupon,subject to concurrence of representatives of compacting states capable oftogether producing two-thirds of the demand for domestic production sofound, and approval and modification by the president, determine the partthereof allowable as production within each petroleum-producing state.
(b) Voluntary regulation of production by each compacting state withinits own borders in accordance with said determination of the jointfact-finding agency, to the extent that and in such manner as the laws ofeach state may authorize.
(c) Formulation by the joint agency of uniform conservation measures andtax laws which it shall recommend to the compacting states and exercise bysaid agency of such incidental powers as may be agreed upon.
Article 8.--INTERSTATE COMPACT TO CONSERVE OIL AND GAS
55-801.Representative may be appointed to agree upon compact withpetroleum-producing states; objectives of compact.The governor is authorized to appoint a representative to meet withrepresentatives of the governors of other petroleum-producing states, andof the United States, for the purpose of agreeing upon a compact among suchstates effecting the following objectives:
(a) Establishment of a joint state and federal fact-finding agency toconsist of one representative of each compacting state, appointed by thegovernor, and one representative of the United States as congress or thepresident shall direct. Said agency shall make periodic findings, subjectto approval and modification by the president, of the demand for petroleumto be produced within the United States, for withdrawals from storage, andfor petroleum and products thereof to be imported. It shall thereupon,subject to concurrence of representatives of compacting states capable oftogether producing two-thirds of the demand for domestic production sofound, and approval and modification by the president, determine the partthereof allowable as production within each petroleum-producing state.
(b) Voluntary regulation of production by each compacting state withinits own borders in accordance with said determination of the jointfact-finding agency, to the extent that and in such manner as the laws ofeach state may authorize.
(c) Formulation by the joint agency of uniform conservation measures andtax laws which it shall recommend to the compacting states and exercise bysaid agency of such incidental powers as may be agreed upon.
