40-11-21. Fees related to reservoir or storage facility.
118 words·~1 min read·
/ut/title-40/chapter-11/40-11-21A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/1/2024
40-11-21. Fees related to reservoir or storage facility.
(1)There is levied a fee per ton of carbon dioxide injected into a reservoir or storage facility.
(2)The board shall establish the fee described in Subsection
(1)in accordance with Section 63J-1-504 to equal the sum of:
(a)an amount to pay the anticipated costs to the division of the regulation of storage facility:
(i)construction;
(ii)operation; and
(iii)pre-closure activities; and
(b)an amount to pay the anticipated costs to the division of the long-term monitoring and management of a closed storage facility.
(3)The division shall deposit money collected under this section into the fund.
Amended by Chapter 79 , 2024 General Session