Sec. 41.06.160. Carbon Dioxide storage facility administrative fund.
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Sec. 41.06.160. Carbon Dioxide storage facility administrative fund.
(a)A storage operator shall pay to the commission a fee on each metric ton of carbon dioxide injected for carbon storage. The commission shall set the amount of the fee based on the anticipated expenses the commission will incur in regulating storage facilities during each phase, including the construction, operational, and pre-completion phases. The commission shall deposit a fee collected under this subsection in the carbon dioxide storage facility administrative fund established in
(b)of this section.
(b)The carbon dioxide storage facility administrative fund is established in the general fund. The fund consists of
(1)fees received under
(a)of this section;
(2)fees received under AS 41.06.120 and 41.06.195; and
(3)interest earned on money in the fund.
(c)Money in the carbon dioxide storage facility administrative fund shall be separately accounted for under AS 37.05.142 . The legislature may appropriate the money in the fund to the commission to carry out the purposes of AS 41.06.105 — 41.06.210.