Requires permit holders engaging in the drilling, casing, operation, plugging, and replugging of gas wells to post a bond which will allow for the construction or reconstruction of any water supply deemed proximate to any permitted work.
One lawyer writes: "Pros: It would require the posting of a bond against water contamination, so that if an entity bankrupted itself, there would still be a chance for a damaged property owner to collect; it also provides for a low-cost arbitration system so that remedies could more easily be obtained. Cons: it gives a ton of discretion to the DEC commissioner regarding bond amount, structure and rules of the arbitration system and rights to recovery. I think it's more a sop than a solution.