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(1) No person shall commence a new injection project or construct or operate a new Class II injection well, or convert an existing well to injection, whether for the purpose of disposal, or as part of an enhanced recovery project, or for the storage of liquid hydrocarbons, without a permit from the board.
(2) Existing injection wells operating under valid EPA-issued or rule authorized Class II injection permits will be governed under the terms and conditions of such permits until permit expiration or plugging, whichever occurs first; provided, however, that no existing injection well may be operated in a manner inconsistent with the laws and rules of the board.