An Act relating to royalty rates and payments for certain oil and gas; relating to state loans for oil and gas development projects in the Cook Inlet sedimentary basin; relating to the creation of subsidiaries related to development projects in the Cook Inlet sedimentary basin by the Alaska Industrial Development and Export Authority; relating to the Cook Inlet reserve-based lending fund and the payment of dividends from the fund; relating to a report to the legislature related to oil and gas development projects in the Cook Inlet sedimentary basin; and providing for an effective date.
HB 223 adjusts production tax and royalty rates for specific gas resources. The bill also establishes state loans and creates subsidiaries under the Alaska Industrial Development and Export Authority to support oil and gas projects in the Cook Inlet sedimentary basin. Additionally, it sets up a reserve-based lending fund for these projects and requires a legislative report on the development efforts.
Bill status
passed
3 of 5 stages cleared
Introduction
Jan 2024
Committee Review
May 2024
House Passage
May 2024
Senate Passage
Governor
Introduced Jan 16, 2024
Last action May 15, 2024
Floor votes
How they voted
This bill passed the House by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
100
Key actions
9
Committee
3
Amendments
7
May 15, 2024
Committee
(S) REFERRED TO FINANCE
upper
May 14, 2024
Lower · Passed
(H) TRANSMITTED TO (S)
lower
May 14, 2024
Lower · Passed
(H) PASSED ON RECONSIDERATION Y35 N5
lower
May 13, 2024
Lower · Passed
(H) PASSED Y34 N5 E1
lower
May 12, 2024
Amended
(H) AM NO 8 FAILED Y6 N33 A1
lower
May 12, 2024
Amended
(H) AM NO 7 FAILED Y14 N26
lower
May 12, 2024
Amended
(H) AM NO 6 FAILED Y16 N24
lower
May 12, 2024
Lower · Passed
(H) DEADLINE FOR ALL AMS AT 2:45 P.M. PASSED Y26 N13 A1
lower
May 12, 2024
Lower · Passed
(H) AM NO 4 ADOPTED Y22 N18
lower
May 12, 2024
Amended
(H) AM NO 3 FAILED Y18 N22
lower
May 12, 2024
Amended
(H) AM NO 2 FAILED Y19 N21
lower
May 12, 2024
Amended
(H) AM NO 1 AS AMD FAILED Y17 N23
lower
May 12, 2024
Lower · Passed
(H) AM 1 TO AM 1 ADOPTED Y26 N14
lower
May 12, 2024
Lower · Passed
(H) FIN CS ADOPTED Y39 N1
lower
May 10, 2024
Lower · Passed
(H) Moved CSHB 223(FIN) Out of Committee -- Recessed to a Call of the Chair --
lower
Mar 6, 2024
Lower · Passed
(H) Moved CSHB 223(RES) Out of Committee
lower
1 primary · 4 co-sponsors
Sponsors
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