CO HB1165

Creates the Geologic Storage Stewardship Enterprise within the Department of Natural Resources to fund long-term monitoring of CO2 storage sites after closure and address orphaned geologic storage facilities, funded by stewardship fees on operators of Class VI injection wells

Establishes a five-member Enterprise Board to set stewardship fee amounts, with a $100 million cap on fees collected during the first five years of the enterprise's existence

Transfers ownership of stored CO2 and associated facilities to the state upon commission-approved site closure, releasing operators from further regulatory liability except in cases of material violations, misrepresentation, or fluid migration endangering drinking water

Streamlines geothermal resource regulation by clarifying jurisdiction between the Energy and Carbon Management Commission (deep geothermal) and state engineer (shallow geothermal), and exempts nontributary groundwater withdrawals for deep geothermal operations from state engineer well permits

Expands the State Board of Examiners of Water Well and Ground Heat Exchanger Contractors from five to six members, adding licensing requirements for ground heat exchanger contractors and creating protections for historic hot springs from new geothermal development