10RS HB491

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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

AN ACT relating to carbon management and making an appropriation therefor.
Create new sections of KRS Chapter 353 declaring carbon dioxide management and storage to be important goals; declare certain geologic strata to be the property of the Commonwealth; direct the Division of Oil and Gas Conservation to develop a regulatory plan for development of geologic carbon dioxide storage including condemnation powers; provide minimum requirements for permitting; create an assessment against carbon dioxide generators per ton of carbon dioxide stored; direct the secretary of the Environmental and Public Protection Cabinet to negotiate with bordering states to resolve issues of geologic carbon storage; create the Kentucky Carbon Storage Authority to take ownership of closed and stable carbon storage facilities; create the Kentucky carbon storage fund for management and liability of closed carbon storage facilities; create mechanism for assessment fee to be adjusted.

     Feb 23-introduced in House
     Feb 24-to Natural Resources & Environment (H)
     Mar 2-posted in committee

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