Alaska § 37.14.850 - Carbon storage closure trust fund.
Full text of Alaska Alaska Statutes § 37.14.850 — Carbon storage closure trust fund., with citation guidance and answers to common questions.
§ 37.14.850. Carbon storage closure trust fund.
(a) The carbon storage closure trust fund is established as a separate trust fund of the state outside and separate from the general fund. The legislature may appropriate the principal and earnings of the fund for the purpose of protecting the public interest in maintaining and closing carbon storage facilities in the state. Money in the fund does not lapse.
(b) The carbon storage closure trust fund consists of payments received under AS 41.06.175 and earnings on the fund. The payments received for each storage facility shall be separately accounted for under AS 37.05.142 . The commissioner of revenue is a fiduciary of the fund. The commissioner of revenue shall manage and invest the fund assets as provided in AS 37.10.071 .
(c) The commissioner of natural resources may make expenditures from the carbon storage closure trust fund for the purpose of conducting long-term monitoring and maintenance of a storage facility under AS 41.06.305 . If a storage operator is unable to fulfill the storage operator's duties and the financial assurance provided by the storage operator under AS 41.06.110 (c)(2) is exhausted or insufficient, the Alaska Oil and Gas Conservation Commission may make expenditures from the fund for the purposes allowed under AS 41.06.105 — 41.06.210.
(d) Nothing in this section creates a dedicated fund.
(e) In this section, (1) “fund” means the carbon storage closure trust fund;
(2) “storage facility” and “storage operator” have the meanings given in AS 41.06.210 .
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 37.14.850
What does Alaska Statutes § 37.14.850 cover?
Section 37.14.850 ("Carbon storage closure trust fund.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 37.14.850?
A common citation format is "Alaska Statutes § 37.14.850" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 37.14.850 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.