(1) The board may adopt procedures and criteria to determine the amount of injected carbon dioxide:
(a) stored in a reservoir that has been or is being used for an enhanced oil or gas recovery project; or
(b) stored in a reservoir that is a part of a storage facility.
(2) The board may charge a fee to cover the costs of making a determination described in Subsection (1).
(3) The division shall deposit a fee collected in accordance with Subsection (2) into the fund.