- Associated Press - Wednesday, May 13, 2015

JUNEAU, Alaska (AP) - U.S. Sen. Lisa Murkowski has introduced legislation to give Alaska a share of revenues generated from certain offshore oil and gas development.

Alaska receives a share of revenue from oil and gas leasing and production three to six miles from state shores but not beyond that, which Murkowski’s bill would change.

Between 2016 and 2026, the bill would have 77.5 percent of revenues go toward the U.S. treasury or deficit reduction and 7.5 percent to each the state and local coastal governments, with smaller amounts to areas including workforce development and pipeline right-of-ways. After that, the state share would go to 30 percent, with portions going to local governments and programs supporting energy assistance and development of Arctic infrastructure. The feds would get half.

The bill also includes lease-sale provisions.


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