Section 40-11-16 - Certificate of project completion(1) To request a certificate of project completion, a storage operator shall submit: (a) a demonstration that the last carbon dioxide injection was no fewer than 10 years preceding the filing;(b) a statement of compliance with all statutes and rules regulating the storage facility;(c) a demonstration of the resolution of all pending claims regarding the storage facility;(d) a demonstration of the present and future physical integrity of the storage reservoir;(e) a demonstration that any carbon dioxide in the storage reservoir:(i) is essentially stationary; or(ii) if the carbon dioxide migrates or will migrate, is highly unlikely to cross the storage reservoir boundary;(f) a demonstration that all wells, equipment, and facilities necessary for maintaining the continued integrity of the storage reservoir are currently in good condition and will maintain that good condition;(g) a demonstration that the operator has: (ii) removed equipment and facilities not necessary to maintaining the integrity of the reservoir; and(iii) completed any other reclamation work the board requires.(2) Immediately after the board issues a certificate of project completion:(a) title to the storage facility and the stored carbon dioxide, including oversight of a facility used to store the stored carbon dioxide, transfers to the state;(b) liability with respect to the storage facility and the stored carbon dioxide transfers to the state;(c) the storage operator and any person who is not the state who has property rights in the storage facility is released from any obligation to comply with regulatory requirements associated with the storage facility;(d) the board shall release any bonds the storage operator has posted; and(e) the division shall oversee the monitoring and managing of the storage facility.Amended by Chapter 79, 2024 General Session ,§ 6, eff. 5/1/2024.Added by Chapter 62, 2022 General Session ,§ 19, eff. 5/4/2022.