The bill establishes a moratorium on the construction of carbon dioxide pipelines in South Dakota, introducing new regulations for the issuance of permits for such transmission facilities. Specifically, the bill stipulates that the commission may not issue a permit unless three conditions are met: first, the Pipeline and Hazardous Materials Safety Administration must have adopted final pipeline safety rules related to carbon dioxide and hazardous liquid pipelines; second, the commission must verify that the application complies with these finalized rules; and third, the application must meet any additional conditions imposed by the commission to ensure public safety.

Additionally, the bill declares an emergency, stating that it is necessary for the immediate preservation of public peace, health, or safety, and thus will take effect immediately upon passage and approval. This legislative action reflects a proactive approach to regulating carbon dioxide pipeline construction in light of safety concerns.