HB 661 - Louisiana Geologic Sequestration of Carbon Dioxide Act
STATUS:
Enacted
TIME FRAME Start:
August 15, 2009
TIME FRAME End:
DESCRIPTION:
HB 661 establishes liability limits for operators with transfer of liability for storage operations to the Geologic Storage Trust Fund (run by the state) after a specified time as well as provides the authority for the expropriation of pipeline servitudes, storage facilities and other facilities necessary for carbon sequestration upon a determination of public convenience and necessity. Additionally, HB 661establishes a regulatory program for the control of injection, storage, and use of carbon dioxide under the State’s Office of Conservation within the Department of Natural Resources.
