{"data":{"id":"us-tx/tex.-natural-resources-code-120.003","jurisdiction":"us-tx","citation":"Tex. Natural Resources Code § 120.003","heading":"MONITORING OF SEQUESTERED CARBON DIOXIDE.","body":"(a) An entity that applies to the commission under Section 120.002 for a certification that a project operated by the entity meets the requirements for a clean energy project is responsible for conducting a monitoring, measuring, and verification process that demonstrates that the project complies with the requirements of Section 171.602(b)(4), Tax Code.\n(b) The entity shall contract with the bureau for the bureau to:\n(1) design initial protocols and standards for the process described by Subsection (a);\n(2) review the conduct of the process described by Subsection (a) in order to make any necessary changes in the design of the protocols and standards;\n(3) evaluate the results of the process described by Subsection (a);\n(4) provide an evaluation of the results of the process described by Subsection (a) to the commission; and\n(5) determine whether to transmit to the comptroller the verification described by Section 171.602(b)(4), Tax Code.\n(c) Unless otherwise agreed by the entity and the bureau, a contract required by Subsection (b) must require the entity to compensate the bureau by paying an annual fee in accordance with the following schedule:\nYear Amount\nOne $700,000\nTwo $1,300,000\nThree $1,800,000\nFour $1,500,000\nFive $1,200,000\nSix $900,000\nSeven $500,000\nEight $200,000\n(d) The first payment under Subsection (c) is due not later than 24 months before the date the entity first supplies carbon dioxide captured by the project to an enhanced oil recovery project.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 1109 (H.B. 469), Sec. 3, eff. September 1, 2009.\nAmended by:\nActs 2013, 83rd Leg., R.S., Ch. 1003 (H.B. 2446), Sec. 5, eff. June 14, 2013.\nActs 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 21.002(17), eff. September 1, 2015.","path":["NATURAL RESOURCES CODE","TITLE 3. OIL AND GAS","SUBTITLE D. REGULATION OF SPECIFIC BUSINESSES AND OCCUPATIONS","CHAPTER 120. VERIFICATION, MONITORING, AND CERTIFICATION OF CLEAN ENERGY PROJECT"],"source_url":"https://statutes.capitol.texas.gov/Docs/NR/htm/NR.120.htm#120.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:28Z","sha256":"498f8b6f9de23289e57892bf7412cf4d77fd9341851d51029227c5434a04ce73","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-natural-resources-code-120.002","next":"us-tx/tex.-natural-resources-code-120.004"},"notice":"GroundRules: Original legal text. Not legal advice."}