HB 491 (BR 1321) - B. Yonts
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