An Act relating to carbon offset revenue; and relating to the renewable energy grant fund.

Summary

The bill earmarks one‑fifth of money generated by Alaska’s carbon offset program for a renewable energy grant fund, while the remaining 80% can be used for other public purposes. It creates the fund, defines how it is administered, and establishes a grant process that prioritizes projects in high‑cost energy areas and small communities. The measure aims to expand affordable energy options across the state.

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