BILL ANALYSIS                                                                                                                                                                                                    






                                                       Bill No:  AB  
          368
          
                 SENATE COMMITTEE ON GOVERNMENTAL ORGANIZATION
                       Senator Roderick D. Wright, Chair
                           2009-2010 Regular Session
                                 Staff Analysis



          AB 368  Author:  Skinner
          As Amended:  May 28, 2009
          Hearing Date:  June 23, 2009
          Consultant:  Art Terzakis


                                     SUBJECT  
                   State Lands: oil, gas, and mineral leases

                                   DESCRIPTION
           
          AB 368 makes the following modifications to an existing  
          provision of law relating to quitclaim or relinquishment of  
          rights under oil and gas and mineral leases:

          1.  Prevents a quitclaim of a mining lease from taking  
            effect until the lessee has completed any required  
            abandonment of all facilities and any required  
            reclamation of the lease premises, as approved by the  
            State Lands Commission (SLC).

          2.  Provides that the lessee shall be released from all  
            obligations accruing under the lease upon approval of the  
            SLC and contingent upon any other agreement between the  
            lessee and the SLC. 

          3.  Provides that the quitclaim or relinquishment shall not  
            release the lessee or the lessee's surety from liability  
            for the breach of an obligation of the lease if the  
            lessee is in default at the time of the approval, rather  
            than the filing of the quitclaim or relinquishment.

                                   EXISTING LAW

           Existing law grants the State Lands Commission (SLC) the  
          authority to issue mining leases on state sovereign and  




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          school lands.  The law provides that revenues generated  
          from leases on sovereign lands are to be deposited into the  
          General Fund.  Revenues generated from school lands are  
          deposited into the California State Teachers' Retirement  
          Fund. 

          Existing law (Public Resources Code Section 6804.1) allows  
          a state leaseholder at any time to make and file with the  
          SLC a written quitclaim deed or relinquishment of all  
          rights under any lease or of any portion of a lease with  
          the SLC to be released.  Existing law provides that such  
          quitclaim or relinquishment shall be effective as of the  
          date of its filing, subject to the continued obligation of  
          the lessee to make payment of all rentals and royalties in  
          accordance with the applicable lease terms and regulations.

                                    BACKGROUND
           
           Purpose of AB 368:   Current law permits a mining lessee to  
          quitclaim at anytime all or a portion of its mining lease  
          with the State Lands Commission (SLC).  As a result,  
          according to the author's office, certain mining lessees  
          quitclaim their leases once production is concluded but  
          before reclamation is completed in order to release  
          themselves of their lease obligations, which includes the  
          obligation to pay rent to the State.  The author's office  
          maintains that reclamation can take years to complete and  
          the SLC cannot lease these mining lands to other parties  
          during this period.  Thus, the SLC is precluded from  
          generating revenue from these lands until reclamation is  
          completed.  The State is also put at risk of liability for  
          personal injuries and property damages because the lessee  
          would no longer be obligated to maintain insurance and  
          bonding.

          This measure would amend existing law so that a quitclaim  
          of a mining lease could not become effective until the  
          lessee completes any required abandonment of all facilities  
          and any required reclamation of the leased premises as  
          approved by the SLC.  The author's office points out that  
          the essence of this proposed change in law would be that  
          mining lessees would have to continue to pay rent before  
          and during the reclamation process which would bring  
          additional revenue to the California Teachers' Retirement  
          Fund and potentially the State's General Fund.  Additional  
          benefits come to the State as a result of the lessee  




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          continuing to maintain insurance and bonding.

           Example of the Current Problem:   SLC staff offers the  
          following as an example of a mining lease that was  
          quitclaimed before reclamation was completed involving the  
          lessee "Homestake Mining" and school lands located in Lake  
          County.  Homestake Mining entered into a lease with the SLC  
          in 1994 and was to pay the State $4,577 in annual rent as  
          well as a 4% royalty rate, which was to be deposited in the  
          California Teachers' Retirement System Fund.  The lease  
          also included a provision that would have increased annual  
          rent to $18,300 on the eleventh year of the lease.  In  
          2002, Homestake Mining quitclaimed its lease pursuant to  
          Public Resources Code Section 6804.1 despite the fact that  
          reclamation was not completed.  As a result of the  
          quitclaim, Homestake Mining stopped paying its annual rent  
          and maintaining insurance and bonding in favor of the  
          State.  Homestake Mining is still going through the  
          reclamation process which prevents the SLC from leasing the  
          land to another party.

          According to SLC staff, if AB 368 (Skinner) had been  
          enacted a few years ago, it would have applied to the  
          Homestake Mining lease, and the California Teachers'  
          Retirement System Fund would have received $4,577 in 2002  
          and 2003 and $18,300 a year from 2004 until the end of the  
          reclamation process. 

                            PRIOR/RELATED LEGISLATION
           
           AB 2165 (Karnette) Chapter 446, Statutes of 2008.    
          Authorized the SLC to negotiate and execute a contract with  
          the City of Long Beach and an oil operating contractor that  
          will provide the contractor with a financial incentive to  
          explore and develop additional oil reserves in a portion of  
          the Wilmington oil field.

           AB 59 (Elder) Chapter 985, Statutes of 1988.   Required that  
          revenues to the claim of the State of California to school  
          funds within the Elk Hills Naval Petroleum Reserve be  
          deposited in the School Land Bank Fund and that interest  
          earnings therefrom be transmitted to the Teachers'  
          Retirement Fund and distributed to retirees and  
          beneficiaries whose allowances are below 75% of original  
          purchasing power.





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           AB 3105 (Stirling) Chapter 879, Statutes of 21984.    
          Established a School Land Bank Fund to be used for the  
          acquisition of income-producing property for the benefit of  
          Teachers' Retirement System supplemental cost-of-living  
          adjustment (COLA) benefit recipients 

           SUPPORT:   As of June 19, 2009:

          California State Lands Commission (sponsor)
          American Federation of State, County and Municipal  
          Employees (AFSCME)
          California Retired Teachers Association
          California State Teachers' Retirement System

           OPPOSE:   None on file as of June 19, 2009.

          FISCAL COMMITTEE:   Senate Appropriations Committee

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