AN ACT relating to coal-derived carbon and making an appropriation therefor.

Create a new section of KRS Chapter 152 to define "CAER"; require CAER to establish a research, development, and demonstration program for carbon engineering solutions to enable new uses for coal-derived carbon; require CAER submit annual report to the Legislative Research Commission on the progress and results of the program; define eligible company; require CAER to act jointly with an eligible company to study the feasibility of the commercialization of coal fly ash and coal-derived carbon products; to file a report with the Legislative Research Commission by December 1, 2022, detailing the results of the study; require that on or before January 1, 2023, CAER shall partner with an eligible company to commence a two-year pilot program for the purpose of accelerating the commercial deployment of coal ash; appropriate $10,000,000 from the General Fund for fiscal year 2022-2023 to accomplish the pilot program; appropriate $10,000,000 from the General Fund for fiscal year 2022-2023 to establish the program created in Section 1 of the Act and to carry out the study on the feasibility of commercialization of coal fly ash and coal-derived carbon products; establish the short title as the "Coal Fly Ash Act of 2022"; APPROPRIATION.