Authority: IC 14-10-2-4; IC 14-10-2-5; IC 14-39-0.5

Affected: IC 14-39

Sec. 1. (a) A storage operator shall provide proof of ongoing financial responsibility to the department annually.

(b) If a storage operator experiences a financial change that affects their ongoing financial responsibility, the storage operator shall notify the department of the financial change not later than thirty (30) days after the financial change occurs.

(c) If proof of financial responsibility is not maintained as required during the carbon sequestration project, the carbon sequestration project permit is invalid.

(d) If a carbon sequestration project permit is considered invalid under subsection (c), a storage operator may not engage in, or claim to be engaged in, a carbon sequestration project until:

(1) the storage operator complies with the financial responsibility requirement under subsection (a); and

(2) the carbon sequestration project permit is considered valid by the department.

(Natural Resources Commission; 312 IAC 30-7-1; filed September 5, 2025, 11:44 a.m.: 20251001-IR-312250162FRA)