2023-03-13                     House Journal                      Page 0371
HB 50                                                                                                                         
The Resources 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(RES)                                                                                               
    "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 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 Representative McKay, Chair, with the                                                                  
following individual recommendations:                                                                                           
                                                                                                                                
Do pass (6):  Armstrong, Dibert, McCabe, Saddler, Wright, McKay                                                                 
                                                                                                                                
No recommendation (1):  Patkotak                                                                                                
                                                                                                                                

2023-03-13                     House Journal                      Page 0372
Amend (1):  Mears                                                                                                               
                                                                                                                                
The following fiscal note(s) apply to CSHB 50(RES):                                                                             
                                                                                                                                
5. Zero, Dept. of Environmental Conservation                                                                                    
6. Fiscal, Dept. of Commerce, Community, & Economic                                                                             
    Development                                                                                                                 
7. Fiscal, Dept. of Natural Resources                                                                                           
8. Fiscal, Dept. of Revenue                                                                                                     
                                                                                                                                
HB 50 was referred to the Finance Committee.