Relating to wave energy; and declaring an emergency.
Catchline/Summary:
Requires owners or operators of wave energy facilities and devices to demonstrate evidence of financial assurance for costs of closure and post-closure maintenance of facilities or devices.Requires owners and operators of wave energy facilities and devices to remove equipment related to wave energy facilities and devices within certain period.]
Requires Department of State Lands to remove equipment within certain period if owner or operator fails to remove equipment.]
Requires department to pay certain compensation to commercial fishermen.]
Requires department to establish program by rule to provide certain compensation to commercial fishermen.]
Establishes Wave Energy Fund. Continuously appropriates moneys in fund to department. Specifies uses of moneys.]
Requires owners or operators of wave energy facilities and devices to demonstrate evidence of financial assurance for costs of closure and post-closure maintenance of facilities or devices. Requires cost estimates to be prepared by qualified person.
Requires owners or operators of wave energy facilities and devices to provide decommissioning plan for facility or device prior to authorization of facility or device. Sets requirements for decommissioning plan.
Requires owners or operators of wave energy facilities and devices to initiate removal of facility or device within 12 months after permanent cessation of use of facility or device and to complete removal within two years after permanent cessation of use, subject to certain exceptions.
Allows Director of Department of State Lands to extend deadlines for removing facility or device after permanent cessation of use in certain circumstances.
Imposes civil penalties for violation of statutory law or any rule, order or lease adopted or issued under statutory law.
Directs State Department of Energy to study issues related to transmission of electricity from wave energy facilities and devices.
Declares emergency, effective on passage.
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