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Pennsylvania Statutes Title 32 P.S. Forests, Waters and State Parks § 696.10. Fund

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

(a) Establishment.--

(1) The Carbon Dioxide Storage Facility Fund is established as a separate fund within the State Treasury.

(2) A restricted account is established within the fund for the purpose provided under subsection (c)(2).

(b) Administration.--The department shall administer the fund.

(c) Use of fund and restricted account.--

(1) The fund shall be used only for defraying the department's expenses associated with:

(i) Processing permit applications.

(ii) Regulating storage facilities during construction, operational and preclosure phases.

(iii) Making storage amount determinations.

(2) The restricted account shall be used only for defraying the costs associated with long-term monitoring and management of a closed storage facility following the issuance of the certificate of project completion under section 11.  1

(d) Interest.--

(1) Interest earned by the fund shall be deposited into the fund.

(2) Interest earned by the restricted account shall be deposited into the restricted account.

(e) Transfer.--Money in the fund may not be transferred to the General Fund or another fund.

(f) Appropriation.--Money in the fund and restricted account shall be annually appropriated by the General Assembly.

1 32 P.S. § 696.11.
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 32 P.S. Forests, Waters and State Parks § 696.10. Fund - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-32-ps-forests-waters-and-state-parks/pa-st-sect-32-696-10/

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