Legislature(2023 - 2024)

2024-10-09 House Journal

Full Journal pdf

2024-10-09                     House Journal                      Page 3394
HB 50                                                                                                                         
A message dated July 31 was received stating the Governor signed the                                                            
following bill and is transmitting the engrossed and enrolled copies to                                                         
the Lieutenant Governor's office for permanent filing:                                                                          

2024-10-09                     House Journal                      Page 3395
            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."                                                                                                     
                                                                                                                                
    Chapter No. 23, SLA 2024                                                                                                    
    Effective Date:  See Chapter