(a)Establishment.--(1) The Carbon Dioxide Storage Facility Fund is established as a separate fund within the State Treasury.(2) A restricted account is established within the fund for the purpose provided under subsection (c)(2).(b) Administration.--The department shall administer the fund.(c) Use of fund and restricted account.-- (1) The fund shall be used only for defraying the department's expenses associated with: (i) Processing permit applications.(ii) Regulating storage facilities during construction, operational and preclosure phases.(iii) Making storage amount determinations.(2) The restricted account shall be used only for defraying the costs associated with long-term monitoring and management of a closed storage facility following the issuance of the certificate of project completion under section 11.(d) Interest.-- (1) Interest earned by the fund shall be deposited into the fund.(2) Interest earned by the restricted account shall be deposited into the restricted account.(e) Transfer.--Money in the fund may not be transferred to the General Fund or another fund.(f) Appropriation.--Money in the fund and restricted account shall be annually appropriated by the General Assembly.Added by P.L. (number not assigned at time of publication) 2024 No. 87,§ 10, eff. 7/17/2024.