2024-05-15                     House Journal                      Page 3260
HB 50                                                                                                                         
A message dated May 15 was read stating the Senate passed:                                                                      
                                                                                                                                
     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                                                       

2024-05-15                     House Journal                      Page 3261
     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."                                                                   
                                                                                                                                
with the following amendment, and it is transmitted for consideration:                                                          
                                                                                                                                
              SENATE CS FOR CS FOR HOUSE BILL NO. 50(FIN) am S                                                                 
     "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."                                                                                                    
                                                                                                                                
     (SCR 17 - title change resolution)                                                                                         
                                                                                                                                
CSHB 50(FIN) is under Unfinished Business.