HB 259 (BR 892) - B. Yonts, J. Gooch Jr., J. Short
AN ACT relating to economic development.
Create new sections of KRS Chapter 353 to define terms; state legislative findings; direct Energy and Environment Cabinet to seek one to five projects demonstrating injection of carbon dioxide into geologic storage; provide a process for pooling of pore space necessary to create underground carbon storage reservoirs; create a process whereby ownership of and liability for stored carbon dioxide will pass to the federal or state government following a period of monitoring of the storage facility; direct the Energy and Environment Cabinet to undertake discussions with surrounding states concerning accidental migration of geologically stored carbon across state lines; require annual reports.
HB 259 - AMENDMENTS
HCS - Direct the division to seek primary jurisdiction permissive rather than mandatory; require pooling changed from 51% of surface acreage to interest in the necessary pore space; require pooling order to set compensation for interest holders.
HFA (1, B. Yonts) - Replace references to "owners and leaseholders" with "pore space owners" in Sections 4 and 5.
Feb 1-introduced in House
Feb 2-to Natural Resources & Environment (H)
Feb 7-posted in committee
Feb 10-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 11-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Monday, February 14, 2011; floor amendment (1) filed to Committee Substitute
Feb 14-3rd reading, passed 91-8 with Committee Substitute, floor amendment (1)
Feb 15-received in Senate
Feb 17-to Natural Resources and Energy (S)
Feb 23-reported favorably, 1st reading, to Calendar
Feb 24-2nd reading, to Rules
Feb 28-posted for passage in the Regular Orders of the Day for Monday, February 28, 2011; 3rd reading, passed 38-0
Mar 1-received in House
Mar 2-enrolled, signed by Speaker of the House
Mar 3-enrolled, signed by President of the Senate; delivered to Governor
Mar 15-signed by Governor