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| 3 | + | ENGR. H. A. to ENGR. S. B. NO. 1370 Page 1 1 | |
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| 28 | + | ENGROSSED HOUSE AMENDME NT | |
| 29 | + | TO | |
| 30 | + | ENGROSSED SENATE BILL NO . 1370 By: Paxton of the Senate | |
| 31 | + | ||
| 32 | + | and | |
| 33 | + | ||
| 34 | + | Boles of the House | |
| 1 | 35 | ||
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| 3 | 37 | ||
| 4 | 38 | ||
| 5 | - | An Act | |
| 6 | - | ENROLLED SENATE | |
| 7 | - | BILL NO. 1370 By: Paxton of the Senate | |
| 8 | 39 | ||
| 9 | - | and | |
| 10 | - | ||
| 11 | - | Boles and Davis of the | |
| 12 | - | House | |
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| 17 | - | An Act relating to the Oklahoma Low Carbon Energy | |
| 18 | - | Initiative; amending 17 O.S. 2021, Section s 802.2, as | |
| 19 | - | last amended by Section 1 of Enrolled Senate Bill No . | |
| 20 | - | 1535 of the 2nd Session of the 59th Oklahoma | |
| 21 | - | Legislature, and 802.4, which relate to the Oklahoma | |
| 22 | - | Energy Initiative Act ; modifying scope of duties; | |
| 23 | - | providing for the acceptance of other funds; | |
| 40 | + | An Act relating to the Interstate Oil Compact | |
| 41 | + | Commission; making an appropriation; stating purpose; | |
| 24 | 42 | providing an effective date; and declaring an | |
| 25 | 43 | emergency. | |
| 26 | 44 | ||
| 27 | 45 | ||
| 28 | 46 | ||
| 29 | 47 | ||
| 30 | - | SUBJECT: Oklahoma Low Carbon Energy Initiative | |
| 48 | + | ||
| 49 | + | ||
| 50 | + | AUTHOR: Add the following House Coauthor: Davis | |
| 51 | + | ||
| 52 | + | AMENDMENT NO. 1. Strike the title, enacting clause, and entire bill | |
| 53 | + | and insert: | |
| 54 | + | ||
| 55 | + | ||
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| 57 | + | ||
| 58 | + | "An Act relating to the Oklahoma Low Carbon Energy | |
| 59 | + | Initiative; amending 17 O.S. 2021, Sections 802.2, as | |
| 60 | + | amended by Section 1, Chapter 27, O.S.L. 2022 and | |
| 61 | + | 802.4 (17 O.S. Supp. 2023, Section 802.2) , which | |
| 62 | + | relates to the Oklahoma Energy Initiative Act; | |
| 63 | + | modifying scope of duties; providing for the | |
| 64 | + | acceptance of other funds; providing an effective | |
| 65 | + | date; and declaring an emergency. | |
| 66 | + | ||
| 67 | + | ||
| 68 | + | ||
| 31 | 69 | ||
| 32 | 70 | BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: | |
| 33 | 71 | ||
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| 34 | 97 | SECTION 1. AMENDATORY 17 O.S. 2021, Section 802.2, as | |
| 35 | - | last amended by Section 1 of Enrolled Senate Bill No. 1535 of the | |
| 36 | - | 2nd Session of the 59th Oklahoma Legislature , is amended to read as | |
| 37 | - | follows: | |
| 38 | - | ||
| 39 | - | Section 802.2. A. There is hereby created the Oklahoma Low | |
| 98 | + | amended by Section 1, Chapter 27, O.S.L. 2022 (17 O.S. Supp. 2023, | |
| 99 | + | Section 802.2), is amended to read as follows: | |
| 100 | + | Section 802.2 A. There is hereby created the Oklahoma Low | |
| 40 | 101 | Carbon Energy Initiative, referred to in Section 802.1 et seq. of | |
| 41 | 102 | this title as the Initiative, which shall serv e as a strategic | |
| 42 | 103 | program designed to create, advance, and promote new and existing | |
| 43 | 104 | energy research and development, use, supply chain activity, and | |
| 44 | 105 | infrastructure related to Oklahoma's core energy competencies by: | |
| 45 | - | ||
| 46 | 106 | 1. Promoting research and develop ment in the areas of | |
| 47 | 107 | conventional and unconventional oil and natural gas development and | |
| 48 | - | ||
| 49 | - | ENR. S. B. NO. 1370 Page 2 | |
| 50 | 108 | production, hydrogen production, storage, and distribution, CO2 | |
| 51 | 109 | enhanced oil recovery, wind fo recasting, advanced b iofuels, energy | |
| 52 | - | storage, water management, nuclear energy, energy policy and | |
| 53 | - | economic analysis, energy system optimization, renewable energy | |
| 54 | - | integration into the electrical grid, and similar energy | |
| 55 | - | technologies; | |
| 56 | - | ||
| 110 | + | storage, water management, energy po licy and economic analysis, | |
| 111 | + | energy system optimization, renewable energy integration into the | |
| 112 | + | electrical grid, and similar en ergy technologies; | |
| 57 | 113 | 2. Fostering communication and collabo ration between state and | |
| 58 | 114 | federal governmental agencies, institutions of h igher education, and | |
| 59 | 115 | private entities located throughout Oklahoma; | |
| 60 | - | ||
| 61 | 116 | 3. Advancing research and development programs and growing | |
| 62 | 117 | production, supply chain activity, and infrastructure that provide | |
| 63 | 118 | benefits to all indust ries and regions of the state; | |
| 64 | 119 | ||
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| 65 | 145 | 4. Streamlining research an d development efforts between | |
| 66 | 146 | private and public industry to create synergistic relationships that | |
| 67 | 147 | coordinate, not duplicate, efforts; | |
| 68 | - | ||
| 69 | 148 | 5. Establishing Oklahoma as a regional resource and | |
| 70 | 149 | clearinghouse for transformative energy technologies in the areas of | |
| 71 | 150 | traditional energy, hydrogen production, storage, and distribution, | |
| 72 | 151 | and renewable resource research and development; | |
| 73 | - | ||
| 74 | 152 | 6. Attracting best-in-class researchers to Oklahoma in | |
| 75 | 153 | competency areas alig ned with Oklahoma's natural resource base; | |
| 76 | - | ||
| 77 | 154 | 7. Coordinating with the Oklahoma Department of Commerce to | |
| 78 | 155 | enhance venture capital investment in energy-related research and | |
| 79 | 156 | business opportunities; and | |
| 80 | - | ||
| 81 | 157 | 8. Promoting seed funding that c an be leveraged against s tate, | |
| 82 | 158 | federal, and private-source funding to establish sufficient startup | |
| 83 | 159 | resources; and | |
| 84 | - | ||
| 85 | 160 | 9. Satisfying equipment needs related to monitoring seismic | |
| 86 | 161 | activity. | |
| 87 | - | ||
| 88 | 162 | B. The Initiative may receive assistance from any state agency | |
| 89 | 163 | or public entity to implement the provisions of the Oklahoma Energy | |
| 90 | 164 | Initiative Act including, but not limited to, administrative | |
| 91 | 165 | assistance, staffing or legal counsel and provision of office space | |
| 92 | - | ||
| 93 | - | ENR. S. B. NO. 1370 Page 3 | |
| 94 | 166 | or equipment as necessary. Assistance agreements may be mad e by | |
| 95 | 167 | memorandums of understanding or as otherwise provided by law. | |
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| 97 | 194 | SECTION 2. AMENDATORY 17 O.S. 2021, Section 802.4, is | |
| 98 | 195 | amended to read as follows: | |
| 99 | - | ||
| 100 | - | Section 802.4. A. There is hereby created in the State | |
| 101 | - | Treasury a revolving fund for the Oklahoma Energy Initiative to be | |
| 102 | - | designated as the "Oklahoma Energy Initiative Revolving Fund". The | |
| 103 | - | fund shall be a continuing fund, not subject to fiscal year | |
| 104 | - | limitations, and shall consist of all monies received by the | |
| 105 | - | Secretary of Energy and Environment or any other entity authorized | |
| 106 | - | to accept or expend f unds on behalf of the Oklahoma Energy | |
| 107 | - | Initiative from any authorized source. All monies accruing to the | |
| 108 | - | credit of the fund are hereby appropriated and may be budgeted and | |
| 109 | - | expended by the Oklahoma Energy Initiative for the purpose of | |
| 110 | - | satisfying the objectives of the Oklahoma Energy Initiative Act. | |
| 111 | - | ||
| 196 | + | Section 802.4 A. There is hereby created in the State Treasury | |
| 197 | + | a revolving fund for the Oklahoma Energy Initiative to be designated | |
| 198 | + | as the "Oklahoma Energy Initiative Revo lving Fund". The fund shall | |
| 199 | + | be a continuing fund, not subject to fiscal year limitations, and | |
| 200 | + | shall consist of all monies received by the Secretary of Energy and | |
| 201 | + | Environment or any other entity authorized to accept or expend funds | |
| 202 | + | on behalf of the Oklahom a Energy Initiative from any a uthorized | |
| 203 | + | source. All monies accruing to the credit of the fund are hereby | |
| 204 | + | appropriated and may be budgeted and expended by the Oklahom a Energy | |
| 205 | + | Initiative for the purpose of satisfying the objectives of the | |
| 206 | + | Oklahoma Energy Initiative Act. | |
| 112 | 207 | B. State appropriations for the Initiative shall be made as | |
| 113 | 208 | otherwise provided by law and shall be directed to the Secretary of | |
| 114 | 209 | Energy, or to an agency otherwise directed by the Governor, which | |
| 115 | 210 | shall directly allocate the appropriations to t he Initiative. | |
| 116 | - | ||
| 117 | 211 | C. The Initiative is authorized to accept donations, grants or, | |
| 118 | 212 | endowments, or other funding from any person, corporation or entity | |
| 119 | 213 | to achieve the purpose and satisfy the objectives of the Initiative | |
| 120 | 214 | as provided by this act. | |
| 121 | - | ||
| 122 | 215 | SECTION 3. This act shall be come effective July 1, 2024. | |
| 123 | - | ||
| 124 | 216 | SECTION 4. It being immediately necessary for the preservation | |
| 125 | 217 | of the public peace, health or safety, an emergency is hereby | |
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| 219 | + | ENGR. H. A. to ENGR. S. B. NO. 1370 Page 5 1 | |
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| 126 | 244 | declared to exist, by reason whereof thi s act shall take effect and | |
| 127 | - | be in full force from and after its passage and approval. | |
| 245 | + | be in full force from and after its passage and approval." | |
| 246 | + | Passed the House of Representatives the 15th day of April, 2024. | |
| 128 | 247 | ||
| 129 | 248 | ||
| 130 | - | ENR. S. B. NO. 1370 Page 4 | |
| 131 | - | Passed the Senate the 21st day of May, 2024. | |
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| 252 | + | Presiding Officer of the House of | |
| 253 | + | Representatives | |
| 254 | + | ||
| 255 | + | ||
| 256 | + | Passed the Senate the ____ day of _______ ___, 2024. | |
| 257 | + | ||
| 258 | + | ||
| 132 | 259 | ||
| 133 | 260 | ||
| 134 | 261 | ||
| 135 | 262 | Presiding Officer of the Senate | |
| 136 | 263 | ||
| 137 | 264 | ||
| 138 | - | Passed the House of Representatives the 15th day of April, 2024. | |
| 265 | + | ENGR. S. B. NO. 1370 Page 1 1 | |
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| 290 | + | ENGROSSED SENATE | |
| 291 | + | BILL NO. 1370 By: Paxton of the Senate | |
| 292 | + | ||
| 293 | + | and | |
| 294 | + | ||
| 295 | + | Boles of the House | |
| 296 | + | ||
| 297 | + | ||
| 298 | + | ||
| 299 | + | ||
| 300 | + | An Act relating to the Interstate Oil Compact | |
| 301 | + | Commission; making an appropriation; stating purpose; | |
| 302 | + | providing an effective date; and declaring an | |
| 303 | + | emergency. | |
| 304 | + | ||
| 305 | + | ||
| 306 | + | ||
| 307 | + | ||
| 308 | + | BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: | |
| 309 | + | SECTION 5. There is hereby appropriated to the Interstate Oil | |
| 310 | + | Compact Commission from any monies not otherwise appropriated from | |
| 311 | + | the General Revenue Fund of the State Treasury for the fiscal year | |
| 312 | + | ending June 30, 2025, the sum of Four Million Dollars | |
| 313 | + | ($4,000,000.00) or so much thereof as may be necessary for the | |
| 314 | + | purpose of purchasing new or updating existing seismic monitoring | |
| 315 | + | equipment for the Oklahoma Geological Survey. | |
| 316 | + | SECTION 6. This act shall become effective July 1, 2024. | |
| 317 | + | SECTION 7. It being immediately necessary for the preservation | |
| 318 | + | of the public peace, health or safety, an emergency is hereby | |
| 319 | + | declared to exist, by reason whereof this act shall take effect and | |
| 320 | + | be in full force from and after its passage and approval. | |
| 321 | + | ||
| 322 | + | ENGR. S. B. NO. 1370 Page 2 1 | |
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| 347 | + | Passed the Senate the 11th day of March, 2024. | |
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| 350 | + | ||
| 351 | + | Presiding Officer of the Senate | |
| 352 | + | ||
| 353 | + | ||
| 354 | + | Passed the House of Representatives the ____ day of __________ , | |
| 355 | + | 2024. | |
| 139 | 356 | ||
| 140 | 357 | ||
| 141 | 358 | ||
| 142 | 359 | Presiding Officer of the House | |
| 143 | 360 | of Representatives | |
| 144 | 361 | ||
| 145 | - | OFFICE OF THE GOVERNOR | |
| 146 | - | Received by the Office of the Governor this _______ _____________ | |
| 147 | - | day of _________________ __, 20_______, at _______ o'clock _______ M. | |
| 148 | - | By: _________________________________ | |
| 149 | - | Approved by the Governor of the State of Oklahoma this _______ __ | |
| 150 | - | day of _________________ __, 20_______, at _______ o'clock _______ M. | |
| 151 | 362 | ||
| 152 | - | _________________________________ | |
| 153 | - | Governor of the State of Oklahoma | |
| 154 | - | ||
| 155 | - | ||
| 156 | - | OFFICE OF THE SECRETARY OF STATE | |
| 157 | - | Received by the Office of the Secretary of State this _______ ___ | |
| 158 | - | day of _________________ _, 20 _______, at _______ o'clock _______ M. | |
| 159 | - | By: _________________________________ |