A bill to provide for the distribution of certain outer Continental Shelf revenues to the State of Alaska, and for other purposes.
Alaska Offshore Parity Act
This bill requires the Department of the Treasury to share more revenues derived from energy and mineral development in the Alaska Outer Continental Shelf (OCS) region with Alaska and its coastal political subdivisions. Currently, only revenue generated by certain nearshore areas of the OCS is shared with Alaska. The bill requires Treasury to share a specified portion of revenue derived from all areas in the Alaska OCS region. Alaska may use the funding from such revenue for coastal protection, coastal infrastructure, systems to reduce energy costs and greenhouse gas emissions, programs at institutions of higher education, and other related purposes.
Introduced in Senate
Read twice and referred to the Committee on Energy and Natural Resources.
Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.
Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 578.
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