Indiana § 14-39-1-14 Possible state assumption of ownership from pilot project operator

Indiana Statutes

§ 14-39-1-14 — Possible state assumption of ownership from pilot project operator

Indiana·Art. 39 CARBON DIOXIDE·Ch. 1 Eminent Domain for Pipeline Transportation or

(a)Because the public interest would be served by the state of Indiana succeeding to the rights of a person that has conducted the underground storage of carbon dioxide, the state of Indiana, upon the recommendation of the director of the department and review by the state budget committee, may obtain ownership of:

(1)the carbon dioxide stored in underground strata and formations; and

(2)the underground strata and formations in which the carbon dioxide is stored; from the operator of the carbon sequestration pilot project.

(b)The state of Indiana may obtain ownership of the carbon dioxide stored in underground strata and formations and the underground strata and formations in which the carbon dioxide is stored under this section:

(1)after the operator, through the carbon sequestration

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(a) Because the public interest would be
served by the state of Indiana succeeding to the rights of a person that
has conducted the underground storage of carbon dioxide, the state of
Indiana, upon the recommendation of the director of the department
and review by the state budget committee, may obtain ownership of:
(1) the carbon dioxide stored in underground strata and
formations; and
(2) the underground strata and formations in which the carbon
dioxide is stored;
from the operator of the carbon sequestration pilot project.
(b) The state of Indiana may obtain ownership of the carbon dioxide
stored in underground strata and formations and the underground strata
and formations in which the carbon dioxide is stored under this section:
(1) after the operator, through the carbon sequestration pilot
project, has injected carbon dioxide into underground strata and
formations for at least twelve (12) years; or
(2) after the operator of the carbon sequestration pilot project
ceases to inject carbon dioxide into underground strata and
formations, if the injection ceases less than twelve (12) years after
it began.

Indiana § 14-39-1-14 (Possible state assumption of ownership from pilot project operator) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.