Skip to main content
Find a Lawyer

Alaska Statutes Title 41. Public Resources § 41.06.175. Carbon storage facility injection surcharge

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) A storage operator injecting carbon dioxide at a storage facility shall pay to the commission a surcharge each year for the first 12 years that carbon dioxide is injected at the storage facility. The commission shall deposit the surcharge into the general fund. The legislature may appropriate a surcharge collected under this subsection into the carbon storage closure trust fund established in AS 37.14.850.

(b) The annual surcharge in this section is determined by the following formula: S = (7,500,000 x (I/261.78)) / 12, where

(1) S is the dollar amount of the annual surcharge for a storage facility;

(2) I is equal to the Consumer Price Index for urban consumers for urban Alaska, as determined by the United States Department of Labor, Bureau of Labor Statistics, without seasonal adjustment, for December of the calendar year immediately preceding the year of issuance of the storage facility permit.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Alaska Statutes Title 41. Public Resources § 41.06.175. Carbon storage facility injection surcharge - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-41-public-resources/ak-st-sect-41-06-175/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard