Sec. 9. A carbon dioxide transmission pipeline company that exercises the authority set forth in section 7(a) of this chapter shall:
(1) compensate the property owner by making a payment to the owner equal to:
(A) one hundred twenty-five percent (125%) of the fair market value of the interest in the property acquired, if the right-of-way or easement involves agricultural land; or
(B) one hundred fifty percent (150%) of the fair market value of the interest in the property acquired, if the right-of-way or easement involves a parcel of property occupied by the owner as a residence; and
(2) pay to the property owner:
(A) any damages determined under IC 32-24-1; and
(B) any loss incurred in a trade or business;
that are attributable to the exercise of eminent domain.
As added by P.L.150-2011, SEC.18. Amended by P.L.291-2019, SEC.8.
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