Terms Used In Ohio Code > Chapter 1510 - Oil and Natural Gas Marketing Program

• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• Another: when used to designate the owner of property which is the subject of an offense, includes not only natural persons but also every other owner of property. See Ohio Code 1.02
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• council: means the technical advisory council created in the division of oil and gas resources management under section 1509. See Ohio Code 1510.01
• First purchaser: means :

  (1) With regard to crude oil and condensate, the person to whom title first is transferred beyond the gathering tank or tanks, beyond the facility from which the crude oil was first produced, or both;

  (2) With regard to natural gas, the person to whom title first is transferred beyond the inlet side of the measurement station from which the natural gas was first produced. See Ohio Code 1510.01

• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Independent producer: means a producer that is not engaged in refining either oil or natural gas. See Ohio Code 1510.01
• Person: includes an individual, corporation, business trust, estate, trust, partnership, and association. See Ohio Code 1.59
• Producer: means a person who complies with all of the following:

  (1) Produces oil or natural gas in this state;

  (2) Derives a majority of income from ownership in properties producing oil or natural gas ;

  (3) Is the owner of record for the respective wells from which assessments are levied under this chapter. See Ohio Code 1510.01

• Qualified independent producer association: means an association that complies with all of the following:

  (1) It is in existence on December 18, 1997. See Ohio Code 1510.01

• Quorum: The number of legislators that must be present to do business.
• state: means the state of Ohio. See Ohio Code 1.59