Sec. 41.06.175. Carbon storage facility injection surcharge.
156 words·~1 min read·
/ak/title-41/chapter-6/41-06-175·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 41.06.175. Carbon storage facility injection surcharge.
(a)A storage operator injecting carbon dioxide at a storage facility shall pay to the commission a surcharge each year for the first 12 years that carbon dioxide is injected at the storage facility. The commission shall deposit the surcharge into the general fund. The legislature may appropriate a surcharge collected under this subsection into the carbon storage closure trust fund established in AS 37.14.850 .
(b)The annual surcharge in this section is determined by the following formula: S = (7,500,000 x (I/261.78)) / 12, where
(1)S is the dollar amount of the annual surcharge for a storage facility;
(2)I is equal to the Consumer Price Index for urban consumers for urban Alaska, as determined by the United States Department of Labor, Bureau of Labor Statistics, without seasonal adjustment, for December of the calendar year immediately preceding the year of issuance of the storage facility permit.