THIS SECTION WAS AMENDED BY ACT 2022-40 IN THE 2022 REGULAR SESSION, EFFECTIVE MAY 1, 2022. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) (1) The underground storage of gas which promotes the conservation thereof, which permits the accumulation of large quantities of gas in reserve for orderly withdrawal in periods of peak demand, making gas more readily available to commercial, industrial, or residential consumers, or which provides more uniform withdrawal from various gas or oil fields, is in the public interest and welfare of this state and is for a public purpose.
(2) The underground storage of carbon oxides, ammonia, hydrogen, nitrogen, and noble gases is in the public interest and welfare of this state and is for a public purpose.
(b) The board shall have jurisdiction and authority over all persons and property necessary to administer and enforce effectively this article concerning the underground storage of gas. In exercising such jurisdiction and authority, the board shall have and may exercise all powers and authorities granted to it pursuant to Article 1 with respect to holding hearings and adopting and enforcing rules, regulations, and orders.
(c) In addition to any other authority of the board, the board shall have jurisdiction and authority to regulate the operation and abandonment of underground storage facilities. The board may require reasonable bond, with good and sufficient surety, or other financial security approved by the board, conditioned on compliance with any rules or orders of the board relating to underground storage facilities, including the abandonment of underground storage facilities.
(d) The board may adopt rules providing fees and charges to defray expenses of the board in the regulation of the operation and abandonment of underground storage facilities.