66-1279. Same; compressed air energy storage fund.
66-1279
66-1279. Same; compressed air energy storagefund.(a) (1) There is hereby established in the state treasurythecompressed air energy storage fund.Such fund shall beadministered by the commission in accordance with the provisions of thissection for the purpose of administering the provisions of the compressed airenergy storage act.
(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 by the commission for thepurposes ofthe compressed air energy storage act. Upon receipt of theremittancethe state treasurershall deposit the entire amount in the state treasury and credit it to thefund. The commission isauthorized to receive from any private or governmental source any funds madeavailable for thepurposes of the compressed air energy storage act.
(3) All expenditures from the compressed air energy 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 compressed air energystorage fundto paythe cost of:
(1) All activities related to permitting activities, including, but notlimited to, development andissuance of permits, compliance monitoring, inspections, well closures,underground storage closure,long-term monitoring and 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 facilityinvestigations;
(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 of the compressed air energy storage act; and
(11) costs of program administration.
(c) On or before the 10th of each month, the director of accounts and reportsshall transfer from thestate general fund to the compressed air energy storage fund interest earnings based on:
(1) The average daily balance of moneys in the compressed air energy storagefund for the precedingmonth; and
(2) the net earnings rate of the pooled money investment portfolio for thepreceding months.
History: L. 2009, ch. 141, § 39; May 28.