2024-05-13                     Senate Journal                      Page 2636
HB 50                                                                                                                         
CS FOR HOUSE BILL NO. 50(FIN) "An Act relating to carbon                                                                        
storage on state land; relating to the powers and duties of the Alaska                                                          
Oil and Gas Conservation Commission; relating to carbon storage                                                                 
exploration licenses; relating to carbon storage leases; relating to                                                            
carbon storage operator permits; relating to enhanced oil or gas                                                                
recovery; relating to long-term monitoring and maintenance of storage                                                           
facilities; relating to carbon oxide sequestration tax credits; relating to                                                     
the duties of the Department of Natural Resources; relating to carbon                                                           
dioxide pipelines; and providing for an effective date" which had been                                                          
moved to the bottom of the calendar, was read the third time.                                                                   
                                                                                                                                

2024-05-13                     Senate Journal                      Page 2637
Senator Giessel moved CS FOR HOUSE BILL NO. 50(FIN) be                                                                          
returned to second reading for the purpose of a specific amendment,                                                             
that being SENATE CS FOR CS FOR HOUSE BILL NO. 50(FIN).                                                                         
Without objection, the bill was returned to second reading.                                                                     
                                                                                                                                
Senator Stedman, Cochair, moved and asked unanimous consent for                                                                 
the adoption of the Finance Senate Committee Substitute offered on                                                              
page 2614. Without objection, SENATE CS FOR CS FOR HOUSE                                                                        
BILL NO. 50(FIN) "An Act relating to carbon storage on state land;                                                              
relating to the powers and duties of the Alaska Oil and Gas                                                                     
Conservation Commission; relating to deposits into the permanent                                                                
fund; establishing the carbon storage closure trust fund and carbon                                                             
dioxide storage facility administrative fund; relating to geothermal                                                            
resources; relating to carbon storage exploration licenses; relating to                                                         
carbon storage leases; relating to carbon storage operator permits;                                                             
relating to enhanced oil or gas recovery; relating to long-term                                                                 
monitoring and maintenance of storage facilities; relating to carbon                                                            
oxide sequestration tax credits; relating to the Regulatory Commission                                                          
of Alaska and regulation of the service of natural gas storage; relating                                                        
to the regulation of liquefied natural gas import facilities; relating to                                                       
the oil and gas production tax; relating to the duties of the Department                                                        
of Natural Resources; relating to carbon dioxide pipelines; relating to                                                         
reserve-based state loans for oil and gas development projects in the                                                           
Cook Inlet sedimentary basin; relating to the Alaska Industrial                                                                 
Development and Export Authority; requiring the Alaska Industrial                                                               
Development and Export Authority to report to the legislature on oil                                                            
and gas projects with potential to increase oil and gas production from                                                         
the Cook Inlet sedimentary basin; relating to an audit of carbon                                                                
storage leases conducted by the legislative audit division; and                                                                 
providing for an effective date" was adopted.                                                                                   
                                                                                                                                
SENATE CS FOR CS FOR HOUSE BILL NO. 50(FIN) was                                                                                 
automatically in third reading.                                                                                                 
                                                                                                                                
President Stevens stated SENATE CS FOR CS FOR HOUSE BILL                                                                        
NO. 50(FIN) would be held in third reading to the May 14 calendar.                                                              
There being no objection, it was so ordered.