Tex.
Nat. Resources Code Section 121.003
Anthropogenic Carbon Dioxide Storage Trust Fund
(a)
The anthropogenic carbon dioxide storage trust fund is created as a special fund in the state treasury.(b)
The anthropogenic carbon dioxide storage trust fund is an interest-bearing fund. Interest earned on money in the fund shall be deposited to the credit of the fund.(c)
Fees collected by the commission under Subchapter C-1 (Definition), Chapter 27 (Injection Wells), Water Code, penalties imposed for violations of that subchapter or rules adopted under that subchapter, and funds received by the commission from financial responsibility mechanisms under Section 27.073 (Financial Responsibility), Water Code, shall be deposited to the credit of the anthropogenic carbon dioxide storage trust fund.(c-1)
Penalties imposed for violations of commission rules adopted under Section 382.502 (Rules; Enforcement), Health and Safety Code, shall be deposited to the credit of the anthropogenic carbon dioxide storage trust fund.(d)
The anthropogenic carbon dioxide storage trust fund may be used by the commission only for:(1)
permitting, inspecting, monitoring, investigating, recording, and reporting on geologic storage facilities and associated anthropogenic carbon dioxide injection wells;(2)
long-term monitoring of geologic storage facilities and associated anthropogenic carbon dioxide injection wells;(3)
remediation of mechanical problems associated with geologic storage facilities and associated anthropogenic carbon dioxide injection wells;(4)
repairing mechanical leaks at geologic storage facilities;(5)
plugging abandoned anthropogenic carbon dioxide injection wells used for geologic storage;(6)
training and technology transfer related to anthropogenic carbon dioxide injection and geologic storage; and(7)
compliance and enforcement activities related to geologic storage and associated anthropogenic carbon dioxide injection wells.
Source:
Section 121.003 — Anthropogenic Carbon Dioxide Storage Trust Fund, https://statutes.capitol.texas.gov/Docs/NR/htm/NR.121.htm#121.003 (accessed Jun. 5, 2024).
