2024-03-18                     House Journal                      Page 1839
HB 50                                                                                                                         
The Finance Committee considered:                                                                                               
                                                                                                                                
     HOUSE BILL NO. 50                                                                                                          
     "An Act relating to the geologic storage of carbon dioxide; and                                                            
     providing for an effective date."                                                                                          
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
     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."                                                                   
                                                                                                                                
The report was signed by Representatives Edgmon, D. Johnson, and                                                                
Foster, Co-chairs, with the following individual recommendations:                                                               
                                                                                                                                
Do pass (3):  Cronk, D. Johnson, Foster                                                                                         
                                                                                                                                
No recommendation (5):  Galvin, Coulombe, Ortiz, Tomaszewski,                                                                   
Edgmon                                                                                                                          
                                                                                                                                
Amend (3):  Stapp, Hannan, Josephson                                                                                            

2024-03-18                     House Journal                      Page 1840
The following fiscal note(s) apply to CSHB 50(FIN):                                                                             
                                                                                                                                
9. Zero, Dept. of Environmental Conservation                                                                                    
10. Fiscal, Dept. of Revenue                                                                                                    
11. Fiscal, Dept. of Natural Resources                                                                                          
12. Fiscal, Dept. of Commerce, Community, & Economic                                                                            
 Development                                                                                                                    
                                                                                                                                
HB 50 was referred to the Rules Committee.