Bill > HB312

This bill amends various state laws to redefine and expand the scope of "green energy resources" and related grant programs, aiming to promote a comprehensive state energy policy. Key provisions include redirecting 20% of revenue from a carbon offset program to a "green energy grant fund" (previously "renewable energy grant fund"), and requiring the state's energy commission to consider the state energy policy in its duties. The bill also modifies loan terms for energy projects, allowing for longer repayment periods and potentially lower interest rates for "green energy resources." Notably, the definition of "green energy resources" is broadened to include nuclear reactors, natural gas extracted and processed in the state, and other energy sources with emissions equivalent to or lower than natural gas and less air pollution than state-mined coal without clean coal technology. The bill also introduces new policy objectives for state energy grid security, prioritizing local fuel sources, affordable and reliable energy, and the development of necessary infrastructure, while also repealing certain existing provisions related to natural gas projects and specific definitions. The bill takes effect immediately.

Agriculture and Natural Resources

https://www.akleg.gov/basis/Bill/Detail/34?Root=HB312