KRS 353.411: Purpose of KRS 353.411 to 353.459.

The purposes of KRS 353.411 to 353.459 are to:

(1) Establish a legal and regulatory framework for the development and approval of

underground carbon dioxide sequestration facilities;

(2) Designate a government agency responsible for establishing standards and

promulgating administrative regulations for the development and approval of

underground carbon dioxide sequestration and sequestration facilities;

(3) Safeguard and protect the correlative rights of operators, mineral owners, pore

space owners, and surface owners and provide for just and reasonable compensation

for their respective interests in underground carbon dioxide sequestration facilities;

and

(4) Ensure that long -term geologic sequestration of carbon dioxide in the

Commonwealth is accomplished w ithout unreasonable disturbance of surface,

mineral, or water resources or endangering public safety.