2023-05-13                     Senate Journal                      Page 1133
SB 48                                                                                                                         
The Finance Committee considered SENATE BILL NO. 48 "An Act                                                                     
authorizing the Department of Natural Resources to lease land for                                                               
carbon management purposes; establishing a carbon offset program for                                                            
state land; authorizing the sale of carbon offset credits; and providing                                                        
for an effective date" and recommended it be replaced with                                                                      
                                                                                                                                
       CS FOR SENATE BILL NO. 48(FIN) "An Act relating                                                                          
       to the powers and duties of the Alaska Oil and Gas                                                                       
       Conservation Commission; authorizing the Department                                                                      
       of Natural Resources to lease land for carbon                                                                            
       management purposes; establishing a carbon offset                                                                        
       program for state land; authorizing the sale of carbon                                                                   
       offset credits; authorizing the use of land and water                                                                    
       within the Haines State Forest Resource Management                                                                       
       Area for a carbon offset project; authorizing the                                                                        
       undertaking of carbon offset projects on land in                                                                         
       legislatively designated state forests; relating to oil and                                                              
       gas lease expenditures; and providing for an effective                                                                   
       date."                                                                                                                   
                                                                                                                                
Signing do pass: Senators Hoffman, Olson, Cochairs; Senator Bishop.                                                             
Signing no recommendation: Senators Wilson, Kiehl, Merrick.                                                                     
                                                                                                                                

2023-05-13                     Senate Journal                      Page 1134
The following fiscal information was published today:                                                                           
          Fiscal Note No. 7, Department of Commerce, Community, and                                                            
          Economic Development                                                                                                  
                                                                                                                                
The following previously published fiscal information applies:                                                                  
     Fiscal Note No. 4, Department of Natural Resources                                                                         
     Fiscal Note No. 5, Department of Natural Resources                                                                         
     Fiscal Note No. 6, Department of Natural Resources                                                                         
                                                                                                                                
The bill is on today's calendar.