North Dakota Code 38-22-23 – Determining storage amounts – Carbon credits – Fee
1. The commission, under procedures and criteria it may adopt, shall determine the amount of injected carbon dioxide stored in a reservoir that has been or is being used for an enhanced oil or gas recovery project. The commission may also make such a determination for carbon dioxide stored under this chapter.
Terms Used In North Dakota Code 38-22-23
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- Rule: includes regulation. See North Dakota Code 1-01-49
2. The purpose for determining storage amounts is to facilitate using the stored carbon dioxide for such matters as carbon credits, allowances, trading, emissions allocations, and offsets, and for other similar purposes.
3. The commission may charge a reasonable fee to the person requesting a storage determination. The fee must be set by rule.
4. Fees the commission receives for storage determinations must be deposited into the carbon dioxide storage facility administrative fund.