Sec. 14. (a) Because the public interest would be served by the state of Indiana succeeding to the rights of a person that has conducted the underground storage of carbon dioxide, the state of Indiana, upon the recommendation of the director of the department and review by the state budget committee, may obtain ownership of:
(1) the carbon dioxide stored in underground strata and formations; and
(2) the underground strata and formations in which the carbon dioxide is stored;
from the operator of the carbon sequestration pilot project.
(b) The state of Indiana may obtain ownership of the carbon dioxide stored in underground strata and formations and the underground strata and formations in which the carbon dioxide is stored under this section:
(1) after the operator, through the carbon sequestration pilot project, has injected carbon dioxide into underground strata and formations for at least twelve (12) years; or
(2) after the operator of the carbon sequestration pilot project ceases to inject carbon dioxide into underground strata and formations, if the injection ceases less than twelve (12) years after it began.
As added by P.L.291-2019, SEC.10.
Structure Indiana Code
Title 14. Natural and Cultural Resources
Chapter 1. Eminent Domain for Pipeline Transportation or Underground Storage of Carbon Dioxide
14-39-1-2. "Carbon Dioxide Transmission Pipeline"
14-39-1-2.4. "Carbon Sequestration Pilot Project"
14-39-1-2.5. "Underground Storage of Carbon Dioxide"
14-39-1-3.5. Carbon Sequestration Pilot Project
14-39-1-5. Confidential Information
14-39-1-6. Issuing a Certificate of Authority
14-39-1-7. Right of Pipeline Company or Pilot Project Operator to Use Eminent Domain
14-39-1-8. Applicable Eminent Domain Statutes
14-39-1-9. Compensation for Exercise of Eminent Domain by Pipeline Company
14-39-1-10. Disclosure of Pipeline's Actual Route
14-39-1-11. Administrative Review
14-39-1-12. Disposition of Fee Revenue Generated
14-39-1-14. Possible State Assumption of Ownership From Pilot Project Operator