Utah Code 40-11-21. Fees related to reservoir or storage facility

(1) There is levied a fee per ton of carbon dioxide injected into a reservoir or storage facility.

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Board: means the Board of Oil, Gas, and Mining. See Utah Code 40-11-1
Carbon dioxide: means carbon dioxide (CO2) that has been captured from an emission source or direct air capture, plus incidental associated substances derived from the source materials and the capture process, and any substances added to the carbon dioxide to enable or improve the injection process. See Utah Code 40-11-1
Division: means the Division of Oil, Gas, and Mining. See Utah Code 40-11-1
Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
Fund: means the Carbon Dioxide Storage Fund created under Section 40-11-23. See Utah Code 40-11-1
Reservoir: means a subsurface sedimentary stratum, formation, aquifer, cavity, or void, whether natural or artificially created, including oil and gas reservoirs, saline formations, and coal seams suitable for or capable of being made suitable for geologic carbon storage. See Utah Code 40-11-1
Storage facility: means the reservoir, underground equipment, and surface facilities and equipment used or proposed to be used in a geologic carbon storage operation. See Utah Code 40-11-1

(2) The board shall establish the fee described in Subsection (1) in accordance with Section 63J-1-504 to equal the sum of:

(2)(a) an amount to pay the anticipated costs to the division of the regulation of storage facility:

(2)(a)(i) construction;

(2)(a)(ii) operation; and

(2)(a)(iii) pre-closure activities; and

(2)(b) an amount to pay the anticipated costs to the division of the long-term monitoring and management of a closed storage facility.

(3) The division shall deposit money collected under this section into the fund.