IN SB0260

Applications for carbon dioxide transmission pipeline certificates must now include a risk assessment with scenario modeling and an estimate of carbon dioxide to be injected into underground formations

Establishes a fee of $0.08 per ton of carbon dioxide injected into underground storage, paid annually by operators to the Department of Natural Resources, with reconciliation based on actual injection volumes

Eminent domain compensation for condemned property must account for perceived risk of hazardous conditions related to carbon sequestration projects; agricultural land receives 125% of fair market value, residential property receives 150%

Raises consent thresholds for using eminent domain or integration for carbon sequestration: operators must obtain consent from at least 70% of county resident pore space owners AND 70% of total pore space owners (previously just 70% of surface area)

Ownership transfers of carbon sequestration projects to the state do not relieve prior operators from liability for negligence or willful misconduct that occurred before the transfer; DNR must conduct safety inspections of projects