HB 50 - Establishes the Carbon Storage Closure Trust Fund and the Carbon Dioxide Storage Facility Administrative Fund - Alaska Key Vote
Timeline
- Senate Concurrence Vote Passed
- May 15, 2024
- House Concurrence Vote Passed
- May 15, 2024
- Senate Bill Passed
- May 14, 2024
- House Bill Passed
- April 17, 2024
- Introduced
- Jan. 27, 2023
Related Issues
Stage Details
Title: Establishes the Carbon Storage Closure Trust Fund and the Carbon Dioxide Storage Facility Administrative Fund
Vote Smart's Synopsis:
Vote to concur and pass a bill that establishes the carbon storage closure trust fund and carbon dioxide storage facility administrative fund in Alaska.
Highlights:
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Establishes the the powers and duties of the Alaska Oil and Gas Conservation Commission;
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Establishes the carbon storage closure trust fund and carbon dioxide storage facility administrative fund (Sec. 1).
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Establishes carbon oxide sequestration tax credits (Sec. 1).
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Establishes the Regulatory Commission of Alaska and regulation of the service of natural gas storage (Sec. 1).
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Establishes the regulation of liquefied natural gas import facilities (Sec. 1).
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Establishes the duties of the Department of Natural Resources in regards to carbon storage and sequestration (Sec. 1).
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Establishes new reserve based state loans for oil and gas development projects in the Cook Inlet sedimentary basin (Sec. 1).
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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 (Sec. 1).
Title: Establishes the Carbon Storage Closure Trust Fund and the Carbon Dioxide Storage Facility Administrative Fund
Vote Smart's Synopsis:
Vote to concur with senate amendments and pass a bill that establishes the carbon storage closure trust fund and carbon dioxide storage facility administrative fund in Alaska.
Highlights:
-
Establishes the the powers and duties of the Alaska Oil and Gas Conservation Commission;
-
Establishes the carbon storage closure trust fund and carbon dioxide storage facility administrative fund (Sec. 1).
-
Establishes carbon oxide sequestration tax credits (Sec. 1).
-
Establishes the Regulatory Commission of Alaska and regulation of the service of natural gas storage (Sec. 1).
-
Establishes the regulation of liquefied natural gas import facilities (Sec. 1).
-
Establishes the duties of the Department of Natural Resources in regards to carbon storage and sequestration (Sec. 1).
-
Establishes new reserve based state loans for oil and gas development projects in the Cook Inlet sedimentary basin (Sec. 1).
-
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 (Sec. 1).
Title: Establishes the Carbon Storage Closure Trust Fund and the Carbon Dioxide Storage Facility Administrative Fund
Title: Establishes the Carbon Storage Closure Trust Fund and the Carbon Dioxide Storage Facility Administrative Fund
Title: Establishes the Carbon Storage Closure Trust Fund and the Carbon Dioxide Storage Facility Administrative Fund
Committee Sponsors
- Rules Committee (Sponsor)