Iowa SF249 addresses damages from carbon dioxide releases from pipelines or facilities.

Iowa SF249 establishes procedures for damages compensation for victims of carbon dioxide releases from pipelines or facilities. Victims must file a claim within one year of the incident. The owner of the pipeline or facility is strictly liable for all compensatory and punitive damages. If the owner is in bankruptcy or receivership, assets must be held in trust for victims for one year. The bill takes effect upon enactment.

Iowa SF249 addresses damages from carbon dioxide releases from pipelines or facilities.

Iowa SF249 establishes procedures for damages compensation for victims of carbon dioxide releases from pipelines or facilities. Victims must file a claim within one year of the incident. The owner of the pipeline or facility is strictly liable for all compensatory and punitive damages. If the owner is in bankruptcy or receivership, assets must be held in trust for victims for one year. The bill takes effect upon enactment.