SENATE FLOOR VERSION - SB1856 SFLR Page 1 (Bold face denotes Committee Amendments) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 SENATE FLOOR VERSION March 3, 2022 AS AMENDED SENATE BILL NO. 1856 By: Allen and David of the Senate and Boles of the House An Act relating to carbon sequestration; directing office of the Secretary of Energy and Environment to create and administer grant program for certain entities; requiring grant program be subject to Legislative authorization; providing for codification; and providing an effective date . BE IT ENACTED BY THE PEOPLE OF THE STATE OF O KLAHOMA: SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 3-6-101 of Title 27A, unless there is created a dupli cation in numbering, reads as follows: The office of the Secretary of Energy and Environment shall create and administer a grant program for entities utilizing sequestration of carbon captured from production of hydrogen from natural gas. The Secretary shall determine criteria for the program and establish a process for consideratio n of proposals. The grant program shall only be subject to the authorization of federal dollars by the Legislature . SENATE FLOOR VERSION - SB1856 SFLR Page 2 (Bold face denotes Committee Amendments) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 SECTION 2. This act shall become effective November 1, 2022. COMMITTEE REPORT BY: COMMITTEE ON ENERGY March 3, 2022 - DO PASS AS AMENDED