SB 353: Provides for Carbon Sequestration
Proposed law authorizes a time shorter than 10 years if established by rule. Proposed law requires the storage operator show substantial evidence of completion and the associated facilities have been decommissioned. Proposed law authorizes the ownership of the project to transfer to a party that has established a site-specific trust account rather than to the state.
For more information on this bill or to learn more about its author, visit the Legislature’s page here.