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2023 Utah Code
Title 40 - Mines and Mining
Chapter 11 - Geologic Carbon Storage
Section 21 - Fees -- Geologic Carbon Storage Facility Administrative Fund.
Universal Citation:
UT Code § 40-11-21 (2023)
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Effective 5/4/2022
40-11-21. Fees -- Geologic Carbon Storage Facility Administrative Fund.
Enacted by Chapter 62, 2022 General Session
40-11-21. Fees -- Geologic Carbon Storage Facility Administrative Fund.
- (1) There is levied a fee per ton of carbon dioxide injected into a reservoir.
- (2) The board shall establish the fee described in Subsection (1) in accordance with Section 63J-1-504, in an amount to pay the costs to the division of the regulation of storage facility:
- (a) construction;
- (b) operation; and
- (c) pre-closure activities.
- (3) Money the board collects in accordance with this section shall be deposited into the Geologic Carbon Storage Facility Administrative Fund created in Subsection (4).
- (4) There is created an expendable special revenue fund known as the "Geologic Carbon Storage Facility Administrative Fund."
- (5) The fund shall consist of the money specified in Subsections (1) through (3), Section 40-11-20, and interest earned on the fund.
- (6) The division shall only use the money deposited into the Geologic Carbon Storage Facility Administrative Fund to:
- (a) defray the division's regulatory expenses incurred during the regulation of storage facility:
- (i) construction;
- (ii) operation; and
- (iii) pre-closure activities;
- (b) make determinations in accordance with Section 40-11-20; and
- (c) reimburse a regulatory agency with whom the board has entered into a cooperative agreement described in Section 40-11-18 for expenses the cooperating agency incurs in conducting the activities described in Subsections (6)(a) and (b).
- (a) defray the division's regulatory expenses incurred during the regulation of storage facility:
Enacted by Chapter 62, 2022 General Session
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