The commission may enter into any lease for the extraction of oil or gas from state-owned tide and submerged lands in the California Coastal Sanctuary if the commission determines that those oil or gas deposits are being drained by means of producing wells upon adjacent federal lands and the lease is in the best interests of the state.
(Added by Stats. 1994, Ch. 970, Sec. 2. Effective January 1, 1995.)
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