Arkansas Oil and Gas Commission Bond

In Arkansas, the Director of Production and Conservation of the Oil and Gas Commission has been affected by a new law concerning bond requirements. The new law which is named HB 1580 abolished the surety bond requirement for the Director of Production and Conservation of the Oil and Gas Commission. The prior law stated that the director has to acquire a surety bond to secure the all funds that he or she managed. HB1580 was enacted on April 7th, 2009.