1995-05-16                     Senate Journal                      Page 1908
HB 207                                                                       
SENATE CS FOR CS FOR HOUSE BILL NO. 207(FIN) am S "An                          
Act relating to adjustments to royalty reserved to the state to                
encourage otherwise uneconomic production of oil and gas; and                  
providing for an effective date" which had been held in third reading          
on reconsideration (page 1886) was before the Senate.                          
                                                                               
Senator Rieger moved that the bill be returned to second reading for           
the purpose of a specific amendment, that being Amendment No. 12.              
Senator Duncan objected, then withdrew his objection.  There being             
no further objections, the bill was returned to second reading.                
                                                                               
Senator Rieger offered Amendment No. 12 :                                       
                                                                               
                                                                               

1995-05-16                     Senate Journal                      Page 1909
HB 207                                                                       
Page 3, lines 6-14:                                                            
	Delete all material.                                                          
	Insert:	"(i) must include a mechanism for adjusting                         
royalty percentage base on price; using forecasts of the range of              
future prices and their probabilities, the mechanism must provide              
that the value of the potential revenue increases resulting from               
royalty percentage increases must exceed the value of the                      
potential revenue losses resulting from royalty percentage                     
decreases; and"                                                              
                                                                               
Senator Rieger moved and asked unanimous consent for the adoption              
of Amendment No. 12.  Without objection, Amendment No. 12 was                  
adopted.                                                                       
                                                                               
SENATE CS FOR CS FOR HOUSE BILL NO. 207(FIN) am S was                          
automatically in third reading.                                                
                                                                               
Senator Leman moved that the bill be returned to second reading for            
the purpose of a specific amendment, that being Amendment No. 13.              
Without objection, the bill was returned to second reading.                    
                                                                               
Senator Leman offered Amendment No. 13 :                                        
                                                                               
Page 4, lines 14-22:                                                           
	Delete all text and replace with:                                             
                                                                               
(B) keep the data described in (A) of this paragraph confidential            
under AS 38.05.035(a)(9) at the request of the lessee or lessees               
making application for the royalty modification; the confidential              
data may be disclosed by the commissioner to legislators and to                
the legislative auditor and as directed by the chair or vice-chair             
of the LB&A Committee to the director of the division of                       
legislative finance, the permanent employees of their respective               
divisions who are responsible for evaluating a royalty                         
modification, and to agents or contractors of the legislative                  
auditor or the legislative finance director who are engaged under              
contract to evaluate the royalty modification, provided they sign              
an appropriate confidentiality agreement;                                    
                                                                               
                                                                               

1995-05-16                     Senate Journal                      Page 1910
HB 207                                                                       
Senator Leman moved for the adoption of Amendment No. 13.                      
Senator Halford objected, then withdrew his objection.  There being            
no further objections, Amendment No. 13 was adopted.                           
                                                                               
SENATE CS FOR CS FOR HOUSE BILL NO. 207(FIN) am S was                          
automatically in third reading.