§ 14-39-2-16 — Reports

Indiana § 14-39-2-16

• Jurisdiction: Indiana
• Art. 39: CARBON DIOXIDE
• Ch. 2: Underground Storage of Carbon Dioxide

Text

(a) Not later than September 1, 2030, the
department shall submit to the budget committee a report that sets forth
the following information:
(1) The number of metric tons of carbon dioxide injected into the
pore space in Indiana during the period:
(A) beginning January 1, 2025; and
(B) ending June 30, 2030.
(2) Costs incurred by the department to administer the carbon
sequestration project program under this chapter during the
period:
(A) beginning January 1, 2023; and
(B) ending June 30, 2030.
(3) Estimates of:
(A) the amount of carbon dioxide to be injected into the pore
space in Indiana under the carbon sequestration project
program; and
(B) the costs to the department to administer the carbon
sequestration project program under this chapter;
during the period beginning July 1, 2030, and ending June 30,
2034.
(b) Not later than September 1, 2034, the department shall submit
to the budget committee a report that sets forth the following
information:
(1) The amount of money collected by the department under this
chapter during the period:
(A) beginning July 1, 2030; and
(B) ending June 30, 2034.
(2) Costs incurred by the department to administer the carbon
sequestration project program under this chapter during the
period:
(A) beginning July 1, 2030; and
(B) ending June 30, 2034.
(3) Estimates of:
(A) the amount of money the department anticipates collecting
under this chapter; and
(B) the costs to the department to administer the carbon
sequestration project program under this chapter;
during the period beginning July 1, 2034, and ending June 30,
2040.
(4) A recommendation as to the amount of any adjustment to fees
under this chapter necessary to ensure the financial viability of the
underground storage of carbon dioxide.
(c) This section expires January 1, 2041.

Legislative History

As added by P.L.213-2025, SEC.145.