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Texas Natural Resources Code

§ 119.005 — SALE OF CARBON DIOXIDE FOR BENEFICIAL USE

NR § 119.005Title 3. OIL AND GAS · Part D. REGULATION OF SPECIFIC BUSINESSES AND OCCUPATIONS · Ch. 119. OWNERSHIP OF CARBON DIOXIDE CAPTURED BY CLEAN COAL PROJECT

Statute text

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(a)The commission may sell, for enhanced oil recovery or other beneficial use, carbon dioxide that is:
(1)captured by a clean coal project; and
(2)not injected for permanent storage in a geologic formation.
(b)The commission shall deposit any proceeds from the sale of carbon dioxide under this section to the credit of the general revenue fund.

Legislative history

Added by Acts 2006, 79th Leg., 3rd C.S., Ch. 8 (H.B. 149), Sec. 1, eff. September 1, 2006.

Source: Texas Natural Resources Code § 119.005 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.