Environmental protection: air pollution; regulation of carbon sequestration; provide for. Amends secs. 502 & 1301 of 1994 PA 451 (MCL 324.502 & 324.1301); adds sec. 52509 & subch. 6 to ch. 3 of art. III. TIE BAR WITH: SB 0394'25, SB 0395'25

Added new sections creating a Forest Management Trust Fund to receive 50% of revenue from carbon dioxide storage on tax-reverted lands, with the remaining 50% going to the Game and Fish Protection Trust Fund.

Established a new Subchapter 6 for Carbon Sequestration, requiring permits for all geologic storage projects, including detailed application requirements for groundwater baseline data and gas monitoring plans.

Mandated that the state assumes title to and liability for carbon dioxide stored underground once a project is completed, releasing the operator from future regulatory liability.

Created a unitization process allowing the division to order pooling of pore space interests to facilitate carbon storage projects, requiring approval from owners of at least 60% of the pore space capacity.

Created three new state funds: a Community Benefits Fund for surface owners, a Long-Term Remediation Fund for future leaks, and a First Responders Fund for emergency training and equipment.

Added specific definitions for 'carbon dioxide stream,' 'carbon sequestration project,' 'storage reservoir,' and 'unit area' to clarify regulatory boundaries.

Introduced civil and criminal penalties for violations of the new carbon sequestration regulations, including fines up to $5,000 per day for willful violations.

Added processing deadlines for various environmental permits, ranging from 20 days for oil and gas wells to 200 days for complex carbon sequestration permits.