(h) An applicant may enter into an expedited permit application process with the secretary for a well permit by paying an additional permit fee of $10,000 for the initial horizontal well drilled at a location, and for an additional permit fee of $5,000 for each additional horizontal well drilled on a single well pad at the same location: Provided, That deep well permitting is excluded from this expedited permit processing due to the independent board review and approval required the time frame for which is outside the authority of the secretary to dictate. Upon entering into an expedited permit timeline, and meeting all the criteria set forth in this article, the secretary shall issue a permit within 45 days of the submission of a permit application under this article, unless the secretary denies the permit or seeks additional information or modification from the applicant, which would toll the 45 days until the secretary received the required responsive information from the applicant. The revenue generated from permits issued pursuant to this subsection shall be administrated in the following manner:

(1) One half of the revenue from permits issued pursuant to this subsection shall be deposited into the Oil and Gas Operating Permit and Processing Fund and earmarked specifically for agency permit review staffing costs of the secretary which staffing shall be dedicated to the permit review, processing, and approval of the applicable horizontal wells pending before the agency, not to exceed $1,000,000 annually in combination with proceeds received through §22-6A-7(i)(1) of this code, any residuary fee proceeds to be distributed as set forth in §22-6A-7(h)(2) of this code;

(2) One half of the revenue from permits issued pursuant to this subsection, plus any residuary as set forth in §22-6A-7(h)(1) of this code, shall be deposited into to the Oil and Gas Reclamation Fund earmarked specifically for the reclamation and plugging of orphaned oil or gas wells;

(3) For each day the agency exceeds the 45-day deadline for approval of an expedited initial horizontal well drilled, the secretary shall refund $666.66 per day up to and including day 60 after the submission of a permit application, up to the $10,000 additional fee amount until reduced to the normal permit fee amount; and

(4) For each day the agency exceeds the 45-day deadline for approval of an expedited permit for any additional horizontal well drilled on a single well pad at the same location, the secretary shall be required to refund $333.33 per day up to and including day 60 after the submission of a permit application, up to the $5,000 additional fee amount until reduced to the normal permit fee amount.