§ 42-81-4. Authority.
The governor, or the governor’s designee, shall promulgate any rules and regulations he or she deems essential to the development, implementation, and administration of a petroleum set-aside system and shall have the authority to establish that system. The petroleum set-aside system established under the authority of this chapter shall not go into effect in whole or in part except where the federal government terminates, suspends, or fails to implement all or part of the federal petroleum allocation program. The governor, or the governor’s designee, shall implement only that portion of the state set-aside program necessary to prevent and alleviate any energy hardship or shortage. Rules and regulations established pursuant to the provisions of this chapter shall direct that prime suppliers of petroleum shall set aside an amount, as determined by the governor or the governor’s designee, of liquid fossil fuel which shall be a percentage not to exceed five percent (5%) of the monthly volume of liquid fossil fuels that prime suppliers intend to sell into the state distribution system for consumption within the state.
History of Section.
P.L. 1981, ch. 158, § 1.