2024-05-15                     Senate Journal                      Page 2880
HB 50                                                                                                                         
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" was engrossed, signed by the                                                               
President and Secretary and returned to the House for consideration.