Legislature(1995 - 1996)
1995-05-11 Senate Journal
Full Journal pdf1995-05-11 Senate Journal Page 1755 HB 197 SENATE CS FOR CS FOR HOUSE BILL NO. 197(FIN) "An Act providing for exploration incentive credits for activities involving locatable and leasable mineral and coal deposits on certain land in the state; and providing for an effective date" was before the Senate in third reading on reconsideration. 1995-05-11 Senate Journal Page 1756 HB 197 Senator Halford moved that the bill be returned to second reading for the purpose of a specific amendment, that being Amendment No. 2. Senator Ellis objected. The question being: "Shall the bill be returned to second reading for the purpose of a specific amendment?" The roll was taken with the following result: SCS CSHB 197(FIN) Return to Second for Specific Amendment YEAS: 17 NAYS: 2 EXCUSED: 1 ABSENT: 0 Yeas: Adams, Duncan, Frank, Green, Halford, Hoffman, Kelly, Leman, Lincoln, Miller, Pearce, R.Phillips, Rieger, Sharp, Taylor, Torgerson, Zharoff Nays: Ellis, Salo Excused: Donley and so, the bill was returned to second reading. Senator Halford offered Amendment No. 2 : Page 9, following line 5: Insert a new bill section to read: "* Sec. 2. AS38.05.150(d) is amended to read: (d) For the privilege of mining or extracting the coal in the land covered by the lease, the lessee (1) shall pay to the state the royalties specified in the lease; the [. THE] royalties shall be fixed before offering the lease, and shall be effective for a period of not more than 20 years; the [. THE] royalties shall be not less than five cents a ton of 2,000 pounds; the royalty payment is subject to the exploration incentive credit authorized by AS27.30; (2) [. THE LESSEE] shall also pay an annual rental, payable at the date of the lease and annually thereafter, on the land or coal deposits covered by the lease, at a rate fixed by the commissioner before offering the lease; the [. THE] annual rental shall be effective for a 1995-05-11 Senate Journal Page 1757 HB 197 period of not more than 20 years; the [. THE] annual rental shall be not less than 25 cents an acre for the first year of the lease, not less than 50 cents an acre for the second year, third year, fourth year and fifth year, and not less than $1 an acre for each year thereafter during the continuance of the lease; the [. THE] rental for each year shall be credited against the royalties as they accrue for that year; each [. EACH] lease shall provide that the annual rental payment is subject to adjustment at intervals of no more than 20 years and adjustments shall be based on the current rates for properties similarly situated." Renumber the following bill sections accordingly. Senator Halford moved for the adoption of Amendment No. 2. Senator Ellis objected. The question being: "Shall Amendment No. 2 be adopted?" The roll was taken with the following result: SCS CSHB 197(FIN) Second Reading Amendment No. 2 YEAS: 15 NAYS: 4 EXCUSED: 1 ABSENT: 0 Yeas: Adams, Duncan, Frank, Green, Halford, Hoffman, Kelly, Leman, Miller, Pearce, R.Phillips, Sharp, Taylor, Torgerson, Zharoff Nays: Ellis, Lincoln, Rieger, Salo Excused: Donley and so, Amendment No. 2 was adopted. SENATE CS FOR CS FOR HOUSE BILL NO. 197(FIN) am S was automatically in third reading. 1995-05-11 Senate Journal Page 1758 HB 197 The question to be reconsidered: "Shall SENATE CS FOR CS FOR HOUSE BILL NO. 197(FIN) am S "An Act providing for exploration incentive credits for activities involving locatable and leasable mineral and coal deposits on certain land in the state; and providing for an effective date" pass the Senate?" The roll was taken with the following result: SCS CSHB 197(FIN) am S Third Reading - On Reconsideration Effective Date YEAS: 17 NAYS: 2 EXCUSED: 1 ABSENT: 0 Yeas: Adams, Duncan, Frank, Green, Halford, Hoffman, Kelly, Leman, Lincoln, Miller, Pearce, R.Phillips, Rieger, Sharp, Taylor, Torgerson, Zharoff Nays: Ellis, Salo Excused: Donley and so, SENATE CS FOR CS FOR HOUSE BILL NO. 197(FIN) passed the Senate on reconsideration. Senator Halford moved and asked unanimous consent that the vote on the passage of the bill be considered the vote on the effective date clause. Without objection, it was so ordered and the bill was referred to the Secretary for engrossment. Senators Kelly, Torgerson, Green, Leman, Miller, Taylor, Sharp, Frank, Halford moved and asked unanimous consent that they be shown as cross sponsors on the bill. Without objection, it was so ordered.