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.
Current as of January 01, 2025 | Updated by Findlaw Staff
(1) There is created an expendable special revenue fund known as the “Carbon Dioxide Storage Fund.”
(2) The fund shall consist of:
(a) money from fees collected under Subsection 40-11-3(4) and Sections 40-11-20 and 40-11-21;
(b) penalties imposed for violations of this chapter; and
(c) interest or other earnings for the fund.
(3) The state treasurer shall invest the money in the fund according to Title 51, Chapter 7, State Money Management Act, except that interest or other earnings derived from those investments shall be deposited into the fund.
(4) The division shall only use the money in the fund to:
(a) defray the division's regulatory expenses incurred during the regulation of a storage facility:
(i) construction;
(ii) operation; and
(iii) pre-closure activities;
(b) make determinations in accordance with Section 40-11-20;
(c) reimburse a regulatory agency with whom the board has entered into a cooperative agreement described in Section 40-11-18 for expenses the cooperating agency incurs in conducting the activities described in Subsections (4)(a) and (b);
(d) permit, inspect, monitor, investigate, record, and report on geologic storage facilities and associated carbon dioxide injection wells;
(e) perform long-term monitoring of geologic storage facilities and associated carbon dioxide injection wells;
(f) remediate mechanical problems associated with geologic storage facilities and associated carbon dioxide injection wells;
(g) repair mechanical leaks at geologic storage facilities;
(h) plug abandoned carbon dioxide injection wells used for geologic storage;
(i) training and technology transfer related to carbon dioxide injection and geologic storage;
(j) perform compliance and enforcement activities related to geologic storage and associated man-made carbon dioxide injection wells; and
(k) oversee the management of the geologic storage facilities and associated carbon dioxide injection wells after site closure.
Cite this article: FindLaw.com - Utah Code Title 40. Mines and Mining § 40-11-23. Carbon Dioxide Storage Fund - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-40-mines-and-mining/ut-code-sect-40-11-23/
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.
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.
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.
Search our directory by legal issue
Enter information in one or both fields (Required)