The resolution urges the United States Congress to adhere to the provisions of the Mineral Leasing Act and the Alaska Statehood Act, which stipulate that the state of Alaska should receive 90 percent of all bonuses, royalties, and rentals from federal leases related to the Arctic National Wildlife Refuge and the National Petroleum Reserve in Alaska. The Alaska State Legislature expresses gratitude for the efforts of the Trump Administration to enhance the state's natural resource development, emphasizing the importance of these resources for national security and economic growth. The resolution highlights the historical context of Alaska's statehood, noting that the promise of significant mineral revenue was a key factor in the state's admission to the Union.
Furthermore, the resolution points out that current federal legislation only allocates a 50 percent share of these revenues to Alaska, which contradicts the original agreements made during statehood. It stresses the negative impact of declining oil prices and reduced revenue on the state's ability to maintain infrastructure and support necessary government programs. The Alaska State Legislature calls for Congress to rectify this situation by ensuring that Alaska receives the full 90 percent share as originally intended, thereby reinforcing the state's financial stability and capacity to manage its resources effectively.