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The bill, which will go on the law books in August, also retroactively establishes a seven-year statute of limitations for state collections of royalty payments, meaning the Department of Trust Lands can't require companies to pony up on outstanding royalty bills from before August 2013. Land Commissioner Jodi Smith estimates the new cutoff date will prevent the department from collecting about $70 million in unpaid royalties.

Jodi smithDoug burgumForum news serviceBoard of universitySchool landsDakota petroleum councilDepartment of trust landsTrust landsContinental resourcesLand commissioner jodi smithForum newsDakota petroleum council president ron ness