On the Senate Commerce and Energy Engrossed bill, delete the previously adopted amendment(s), thus restoring the bill to the House Commerce and Energy Engrossed version.
On page 1, line 8, after "pipeline." insert "
For the purposes of section 2 of this Act, the term "initiate business operations" means the filing of a permit or an application with the state, a political subdivision of the state, a federally recognized Indian tribe, or a federal agency having jurisdiction over the project for permitting purposes."
On page 1, line 10, after "SECTION:" insert "(1) "
On page 1, line 15, after "granted." insert "(2) "
On page 1, line 17, delete " fifty" and insert " ninety-nine"
On page 1, line 17, after "years. " insert "
(3) "
On page 1, line 17, delete " if no permit has been granted by the Public Utilities Commission pertaining to the transportation of carbon dioxide associated with the easement " and insert " if the operator does not initiate business operations "
On page 1, line 19, delete " effective" and insert " recording"
On page 1, line 20, after "easement." delete " In addition to an initial payment for the easement, payments associated with the granting or continuance of any carbon pipeline easement must be made on an annual basis to the owner of record of the real property and must include a payment of at least one dollar per linear foot of carbon pipeline on the property, payable each year the pipeline is engaged in actual transportation of carbon dioxide."
On page 2, line 1, after "dioxide." insert "(4) "
On page 2, line 8, after "agreement." insert "
(5) Any carbon pipeline easement shall expire after five years of nonuse at any time after the issuance of a permit by the Public Utilities Commission."