arrow_back Back to App

Redirecting Offshore Energy Revenue to Alaska for Coastal Protection and Local Infrastructure.

This Act changes how federal revenues from oil and gas development on the Alaska Outer Continental Shelf are distributed, allocating 30% directly to the State and 7.5% to local coastal governments. Alaskan citizens will benefit from new funding streams dedicated to coastal protection against erosion, infrastructure modernization, and supporting local higher education. These funds aim to help communities adapt to climate change and improve energy resilience.
Key points
Alaska will receive 30% of federal offshore energy revenues, significantly boosting the state budget for critical public investments.
Funds must be used for coastal protection, relocation of communities threatened by erosion or melting permafrost, and infrastructure development.
Local governments (counties and municipalities) near the drilling areas will receive an additional 7.5% of the revenues for their specific local needs.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_620
Sponsor: Sen. Murkowski, Lisa [R-AK]
Process start date: 2023-03-02
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
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 118_S_620.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-02.

What are the main provisions?

Key points include:

  • Alaska will receive 30% of federal offshore energy revenues, significantly boosting the state budget for critical public investments.
  • Funds must be used for coastal protection, relocation of communities threatened by erosion or melting permafrost, and infrastructure development.
  • Local governments (counties and municipalities) near the drilling areas will receive an additional 7.5% of the revenues for their specific local needs.
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. 578.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Public Investments Environment Economy