The bill amends the 1929 PA 16, which regulates the transportation and sale of crude oil, petroleum, and carbon dioxide substances in Michigan. It introduces new definitions, including "carbon dioxide substance," which refers to a gaseous or liquid substance primarily made of carbon dioxide used in hydrocarbon production, and clarifies the role of the Michigan public service commission in overseeing these activities. The bill stipulates that individuals or entities engaged in the transportation, storage, or sale of these substances must comply with the act and do not possess the right to operate pipelines or related equipment without authorization.

Additionally, the bill specifies that certain rights are exempt from the restrictions outlined in the act. These exemptions include rights that were valid and vested as of March 27, 1929, and the operation of carbon sequestration wells under specific environmental protection regulations. The enactment of this bill is contingent upon the passage of related legislation from the 103rd Legislature.

Statutes affected:
Senate Introduced Bill: 483.1
As Passed by the Senate: 483.1