55-1638. Same; carbon dioxide injection well and underground storage fund.
55-1638
55-1638. Same; carbon dioxide injection well andunderground storage fund.(a) (1) There is hereby established in the state treasurythe carbon dioxide injection well and underground storage fund to administerthe provisions ofK.S.A. 2009 Supp.55-1637 through 55-1640, and amendmentsthereto. Such fund shallbe administered by the commission in accordance with the provisions of thissection.
(2) The commission shall remit to the state treasurer in accordance with theprovisions of K.S.A. 75-4215, and amendments thereto, all moneys received bythe commission for the purposes ofK.S.A. 2009 Supp.55-1637 through 55-1640,and amendmentsthereto. Upon receipt of the remittance the state treasurer shall deposit theentire amount in the state treasury and credit it to the fund. The commissionis authorized to receive from any private or governmental source any funds madeavailable for the purposes ofK.S.A. 2009 Supp.55-1637 through 55-1640, andamendments thereto.
(3) All expenditures from the carbon dioxide injection welland underground storage fund shall be made in accordance withappropriation acts and upon warrants of the director of accounts and reportsissued pursuant to vouchers approved by the chairperson of the commission or aperson designated by the chairperson.
(b) The commission is authorized to use moneys from the carbon dioxideinjection well and underground storage fund to pay thecost of:
(1) All activities related to permitting activities, including but notlimited to, development and issuance of permits, compliance monitoring,inspections, well closures, underground storage closure, long-term monitoringand 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 affectingpublic health;
(5) design and review of remedial action plans;
(6) contracting for services needed to supplement the commission's staffexpertise 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 ofthe provisions ofK.S.A. 2009 Supp.55-1637 through 55-1640, and amendmentsthereto; and
(11) costs of program administration.
(c) On or before the 10th of each month, the director of accounts and reportsshall transfer from the state general fund to the carbon dioxide injectionwell and underground storage fund interest earnings based on:
(1) The average daily balance of moneys in the carbon dioxide injectionwell and underground storage fund for the preceding month; and
(2) the net earnings rate of the pooled money investment portfolio for thepreceding months.
History: L. 2007, ch. 73, § 3; July 1.