House / Senate Bill NO. _____
IN THE LEGISLATURE OF THE STATE OF ALASKA
THIRTIETH LEGISLATURE – FIRST SESSION
FOR AN ACT ENTITLED
“ALASKA CLIMATE CHANGE RESPONSE FUND ACT OF 2020: An act establishing the Alaska Climate Change Response Fund to finance the state’s overall preparedness for, and response to, the impacts of climate change in Alaska; and providing for effective dates.”
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
In recognition of the significant impacts, threats, and costs due to climate change in Alaska; including impacts and costs to public and private infrastructure, including transportation (roads, airstrips, railroads, ports and harbors, pipelines, resource extraction facilities), buildings, shoreline protection, water and sanitation systems, and defense facilities; impacts to health and culture, including disease vectors, subsistence, community integrity, physical health, mental health, and public safety; a continuing reduction of the Alaska cryosphere (sea ice, permafrost, glaciers); impacts to natural systems including marine, freshwater, and terrestrial ecosystems, forests, fisheries (including ocean acidification), and wildlife; and impacts to all sectors of the Alaska economy, including oil & gas, fisheries, forestry, mineral development, transportation, and agriculture:
(a) There is established an Alaska Climate Change Response Fund (the “Fund”), which shall derive revenue from a 10 cents ($0.10) per-barrel-equivalent assessment on all hydrocarbons produced in Alaska (oil, natural gas, and coal). The Fund shall be assessed and collected by the Alaska Department of Revenue.
(b) The Fund shall be managed by the Alaska Climate Change Sub-Cabinet, established by Administrative Order No. 238 on September 14, 2007 to advise the Office of the Governor on the preparation and implementation of an Alaska Climate Change Strategy. The Climate Change Sub-Cabinet consists of the commissioners of the Department of Commerce, Community, and Economic Development; Department of Environmental Conservation; Department of Natural Resources; Department of Fish and Game; and Department of Transportation and Public Facilities.
(c) The Fund shall be used solely in support of state efforts to further develop and implement the Alaska Climate Change Strategy, and other efforts deemed necessary and appropriate to achieve the goals of the Alaska Climate Change Sub-Cabinet and the Alaska Climate Change Strategy. The Fund shall be available for use by all state agencies and non-governmental institutions as appropriate — including Alaska Native tribal councils, ANCSA Corporations, municipalities, the Denali Commission, and the University of Alaska — in collaborative efforts to assist rural and urban communities effectively respond to impacts of climate change; it shall commission research and technology development necessary to its mission; it shall formalize and expand Alaska’s liaison with other state and provincial governments in western North America with regard to mitigation and response to climate change; and it shall support interaction with national and international efforts to stabilize global climate.
(d) The Alaska Climate Change Sub-Cabinet shall present an annual budget for appropriation of the Fund to the Legislature; and revenues collected into the Fund that are not expended in annual appropriations shall remain in the Fund, available for appropriation in subsequent years.
Section 2. This act takes effect immediately upon passage and signature by the Governor.