HB223 — 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.

HB223 — 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. · Informed CitizenryHB 223 amends Alaska statutes regarding production taxes and royalty rates for oil and gas, specifically focusing on the Cook Inlet sedimentary basin. The bill modifies royalty requirements for sta…Open in Informed Citizenry