This section creates the anthropogenic carbon dioxide storage trust fund and limits the commission’s use of it to specific storage-related purposes.
Sec. 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, Chapter 27, 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, 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, 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. Redesignated from Natural Resources Code, Chapter 120 by Acts 2011, 82nd Leg., R.S., Ch. 91 (S.B. 1303), Sec. 27.001(44), eff. September 1, 2011. Amended by: Acts 2021, 87th Leg., R.S., Ch. 460 (H.B. 1284), Sec. 5, eff. June 9, 2021.