S0831B1434A03920 NAD:MAC 04/08/24 #90 A03920
AMENDMENTS TO SENATE BILL NO. 831
Sponsor: SENATOR YAW
Printer's No. 1434
Amend Bill, page 2, lines 26 through 28, by striking out all
of said lines
Amend Bill, page 7, line 19, by striking out "division" and
inserting
department
Amend Bill, page 8, line 6, by inserting after "carbon"
dioxide
Amend Bill, page 14, line 5, by striking out "fees" and
inserting
fee
Amend Bill, page 14, line 20, by striking out "fees" and
inserting
the fee set
Amend Bill, page 14, lines 22 through 30; page 15, lines 1
through 4; by striking out all of said lines on said pages and
inserting
(c) Deposit.--The fee imposed by the department under this
section shall be deposited as follows:
(1) Fifty percent of the fee shall be deposited into the
fund.
(2) Fifty percent of the fee shall be deposited into the
restricted account within the fund established under section
10(a)(2).
Amend Bill, page 15, lines 10 through 30; page 16, lines 1
through 4; by striking out all of said lines on said pages and
inserting
2024/90NAD/SB0831A03920 - 1 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
(a) Establishment.--
(1) The Carbon Dioxide Storage Facility Fund is
established as a separate fund within the State Treasury.
(2) A restricted account is established within the fund
for the purpose provided under subsection (c)(2).
(b) Administration.--The department shall administer the
fund.
(c) Use of fund and restricted account.--
(1) The fund shall be used only for defraying the
department's expenses associated with:
(i) Processing permit applications.
(ii) Regulating storage facilities during
construction, operational and preclosure phases.
(iii) Making storage amount determinations.
(2) The restricted account shall be used only for
defraying the costs associated with long-term monitoring and
management of a closed storage facility following the
issuance of the certificate of project completion under
section 11.
(d) Interest.--
(1) Interest earned by the fund shall be deposited into
the fund.
(2) Interest earned by the restricted account shall be
deposited into the restricted account.
(e) Transfer.--Money in the fund may not be transferred to
the General Fund or another fund.
(f) Appropriation.--Money in the fund and restricted account
shall be annually appropriated by the General Assembly.
2024/90NAD/SB0831A03920 - 2 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28