Sec. 10. (a) The carbon dioxide storage facility trust fund is established for the purpose of defraying the costs incurred by the department for the long term monitoring and management of, including monitoring and managing the safety of, carbon sequestration projects. The fund shall be administered by the department. (b) Fees collected by the department under section 9(b) of this chapter must be deposited in the carbon dioxide storage facility trust fund established by subsection (a). (c) The carbon dioxide storage facility trust fund must be maintained as a special fund and all money in the fund is appropriated and may be used only to defray the costs incurred by the department for the long term monitoring and management of a carbon sequestration project. (d) The fund consists of the following: (1) Money deposited in or distributed to the fund under this article. (2) Donations, gifts, grants, and money received from any other source, including appropriations or transfers from other funds or accounts. (e) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public money may be invested. (f) Money in the fund at the end of a state fiscal year does not revert to the state general fund. (g) Money in the fund is continuously appropriated to the department to carry out the purposes of this article, subject to review by the budget committee.
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