Draft ordinance would create sequestration fund and tie fees to state statute; county could amend if state changes policy
The proposed draft establishes a local 'sequestration fund' with fees that 'duplicate' state mitigation fees (IC 14-39-2-9); commissioners said the county could amend the ordinance later if the state removed its fee.
The full story
Staff presented a provision creating a county sequestration fund to support mitigation, contamination cleanup and maintenance; the draft states that fees collected "shall duplicate any fees collected by the state under IC 14-39-2-9 as amended from time to time." The draft further requires project owners to submit quarterly reports to county commissioners listing the tonnage of CO2 injected and the fee amount due, payable at the time of the quarterly report.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.