55-1638. Same; carbon dioxide injection well and underground storage fund. (a) (1) There is hereby established in the state treasury the carbon dioxide injection well and underground storage fund to administer the provisions of K.S.A. 2021 Supp. 55-1637 through 55-1640, and amendments thereto. Such fund shall be administered by the commission in accordance with the provisions of this section.
(2) The commission shall remit to the state treasurer in accordance with the provisions of K.S.A. 75-4215, and amendments thereto, all moneys received by the commission for the purposes of K.S.A. 2021 Supp. 55-1637 through 55-1640, and amendments thereto. Upon receipt of the remittance the state treasurer shall deposit the entire amount in the state treasury and credit it to the fund. The commission is authorized to receive from any private or governmental source any funds made available for the purposes of K.S.A. 2021 Supp. 55-1637 through 55-1640, and amendments thereto.
(3) All expenditures from the carbon dioxide injection well and underground storage fund shall be made in accordance with appropriation acts and upon warrants of the director of accounts and reports issued pursuant to vouchers approved by the chairperson of the commission or a person designated by the chairperson.
(b) The commission is authorized to use moneys from the carbon dioxide injection well and underground storage fund to pay the cost of:
(1) All activities related to permitting activities, including, but not limited to, development and issuance of permits, compliance monitoring, inspections, well closures, underground storage closure, long-term monitoring and enforcement actions;
(2) review and witnessing of test procedures;
(3) review and witnessing of routine workover or repair procedures;
(4) investigation of violations, complaints, pollution and events affecting public health;
(5) design and review of remedial action plans;
(6) contracting for services needed to supplement the commission's staff expertise in facility investigations;
(7) consultation needed concerning remedial action at a permitted facility;
(8) mitigation of adverse environmental impacts;
(9) emergency or long-term remedial activities;
(10) legal costs, including expert witnesses, incurred in administration of the provisions of K.S.A. 2021 Supp. 55-1637 through 55-1640, and amendments thereto; and
(11) costs of program administration.
(c) On or before the 10th of each month, the director of accounts and reports shall transfer from the state general fund to the carbon dioxide injection well and underground storage fund interest earnings based on:
(1) The average daily balance of moneys in the carbon dioxide injection well and underground storage fund for the preceding month; and
(2) the net earnings rate of the pooled money investment portfolio for the preceding months.
History: L. 2007, ch. 73, ยง 3; July 1.
Structure Kansas Statutes
Article 16 - Miscellaneous Provisions
55-1601 Lapsing and reversion of mineral interests; definition.
55-1602 Same; lapse and reversion, when.
55-1603 Same; use of mineral interest defined.
55-1604 Same; statement of claim, contents; filing, when and where; effect of failure to file.
55-1605 Same; notice of lapse by succeeding owner; contents; prima facie evidence, when.
55-1606 Same; recordation by register of deeds of statement of claim or proof of notice.
55-1607 Same; waiver of law prohibited.
55-1610 Development of minerals within city; definitions.
55-1611 Same; authorizing ordinance, requirements.
55-1612 Same; protective ordinances permitted, when.
55-1613 Same; act not applicable to certain drilling units.
55-1614 Interest payments on payments from oil or gas production; definitions.
55-1615 Same; interest on certain payments required; commencement and amount of payments; exception.
55-1616 Same; force and effect of waivers.
55-1617 Same; jurisdiction of court to settle disputes; attorney fees.
55-1618 Same; nonapplicability to certain interest payments.
55-1619 Same; rights of payee not limited or impaired.
55-1620 Oil and gas payments to interest owners; information required to be included.
55-1621 Same; contractual obligations or rights not affected.
55-1622 Oil and gas payments to interest owners; specific listing of information; when.
55-1622a Annual notice to royalty interest owners, required contents.
55-1622b Failure to provide required information; mediation; civil action.
55-1623 Oil and gas regulation by commission; penalties, procedures.
55-1624 FERC-ordered refunds of tax reimbursements; recovery.
55-1627 Kansas oil and gas resources board; purpose; membership; officers.
55-1628 Same; powers and duties.
55-1629 Same; meetings; director.
55-1630 Same; assessments on production of oil and gas; oil and gas resources fund.
55-1632 Same; refunds, request procedure.
55-1633 Oil and gas resources fund; interest; use.
55-1634 National or regional assessment; use of portion of state assessment in lieu of, when.
55-1635 Effect of act; severability.
55-1636 Carbon dioxide reduction act.
55-1637 Same; definitions; commission powers; liability limitation.
55-1638 Same; carbon dioxide injection well and underground storage fund.
55-1639 Same; violations, penalties; commission authority.
55-1640 Same; commission ingress and egress for investigation and enforcement.