Sec. 382.505. ACCEPTANCE OF CARBON DIOXIDE FOR STORAGE; FEES AND CARBON CREDITS. (a) Once the carbon dioxide repository is established, the board may accept carbon dioxide for storage.
(b) The board by rule may establish a fee for the storage of carbon dioxide in the carbon dioxide repository. If this state participates in a program that facilitates the trading of carbon credits, a fee under this subsection may be established as a percentage of the carbon credits associated with the storage.
Added by Acts 2009, 81st Leg., R.S., Ch. 1125 (H.B. 1796), Sec. 1, eff. September 1, 2009.
Structure Texas Statutes
Title 5 - Sanitation and Environmental Quality
Subchapter K. Offshore Geologic Storage of Carbon Dioxide
Section 382.502. Rules; Enforcement
Section 382.503. Study; Selection of Location
Section 382.504. Contract for Necessary Infrastructure and Operation
Section 382.505. Acceptance of Carbon Dioxide for Storage; Fees and Carbon Credits
Section 382.506. Measuring, Monitoring, and Verification; Role of Bureau
Section 382.507. Ownership of Carbon Dioxide