(Effective on occurrence of contingency)
(1) Until the certificate of project completion is issued pursuant to 82-11-183 (1) and title to the stored carbon dioxide and geologic storage reservoir is transferred to the state pursuant to 82-11-183 (7), the geologic storage operator is liable for the operation and management of the carbon dioxide injection well, the geologic storage reservoir, and the injected or stored carbon dioxide.
(2) Bond or other surety furnished pursuant to 82-11-123 (1)(f) must be adequate to meet the requirements of subsection (1).
(3) For the purposes of 82-11-183 and this section, "title" includes title to the geologic storage reservoir and the stored carbon dioxide.