arrow_back Back to App

Alaska Offshore Parity Act: Revenue Sharing for Coastal Protection

This Act changes how revenues from oil and gas development on Alaska's outer Continental Shelf are distributed. A portion of these funds will go directly to the State of Alaska and its coastal political subdivisions, potentially funding projects for coastal protection, infrastructure, and higher education. Citizens may benefit from investments in local services and development.
Key points
Alaska will receive 30% of revenues from oil and gas development on its outer Continental Shelf, with coastal political subdivisions receiving 7.5%.
These funds can be used for coastal protection, infrastructure, climate change mitigation, energy systems, and programs at institutions of higher education.
The State of Alaska must submit annual reports on fund usage to ensure transparency in spending.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_2996
Sponsor: Sen. Murkowski, Lisa [R-AK]
Process start date: 2021-10-19
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Alaska Offshore Parity Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2996.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-10-19.

What are the main provisions?

Key points include:

  • Alaska will receive 30% of revenues from oil and gas development on its outer Continental Shelf, with coastal political subdivisions receiving 7.5%.
  • These funds can be used for coastal protection, infrastructure, climate change mitigation, energy systems, and programs at institutions of higher education.
  • The State of Alaska must submit annual reports on fund usage to ensure transparency in spending.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Murkowski, Lisa [R-AK].

What is the latest detailed status?

The latest detailed status is: Placed on Senate Legislative Calendar under General Orders. Calendar No. 552.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Environment Public Investments Local Government