KRS 353.445: Certification of injected carbon dioxide -- Fee.

(1) The cabinet shall, upon request of an operator, certify the amount of injected carbon

dioxide demonstrated to have been stored in a reservoir that has been or is being

used for a Class II well in an enhanced oil or gas recovery project. Upon request of

an operator, the cabinet may also certify the amount of injected carbon dioxide

sequestered under KRS 353.411 to 353.459.

(2) The amounts determined by the cabinet under subsection (1) of this section may be

used for such matters as establishing the amounts o f carbon credits, allowances,

trading, emissions allocations, offsets, and for other similar purposes.

(3) A person requesting a certification of a sequestration determination shall pay the

cabinet a certification fee as authorized in KRS 353.459. The fee shall be calculated

to ensure sufficient funds are available for the actual or anticipated cost to the

cabinet to provide the certifications described in subsection (1) of this section.

(4) Any fees the cabinet receives to provide the certifications descri bed in subsection

(1) of this section shall be deposited into the carbon dioxide sequestration facility

administrative fund established in KRS 353.437.