2002-04-30                     House Journal                      Page 3234
HB 519                                                                                            
The Finance Committee has considered:                                                               
                                                                                                    
    HOUSE BILL NO. 519                                                                              
    "An Act authorizing priority treatment under the Right-of-Way                                   
    Leasing Act for an Alaska North Slope natural gas project;                                      
    expanding the scope for the kinds of gas development projects that                              
    may become qualified projects under the Alaska Stranded Gas                                     
    Development Act; extending the deadline for submitting                                          
    applications under the Alaska Stranded Gas Development Act;                                     
    exempting an Alaska North Slope natural gas project from state                                  
    property tax and all municipal taxes during construction; and                                   
    providing for an effective date."                                                               
                                                                                                    
and recommends it be replaced with:                                                                 
                                                                                                    
    CS FOR HOUSE BILL NO. 519(FIN)                                                                  
    "An Act authorizing priority treatment under the Right-of-Way                                   
    Leasing Act for an Alaska North Slope natural gas project;                                      
    authorizing the Alaska Railroad Corporation to provide financing                                
    for the acquisition, construction, improvement, maintenance,                                    
    equipping, or operation of facilities for the transportation by                                 
    others of natural gas resources within and outside the state and to                             
    issue its bonds to finance those facilities; exempting an Alaska                                

2002-04-30                     House Journal                      Page 3235
    North Slope natural gas project from state and municipal property                               
    taxes during construction and initial operation, and eliminating the                            
    authority of a municipality to levy a sales or use tax on property or                           
    services used or to be used on the project; providing, through the                              
    Department of Community and Economic Development,                                               
    emergency financial assistance for municipalities affected by                                   
    natural gas development; expanding the scope for the kinds of gas                               
    development projects that may become qualified projects under                                   
    the Alaska Stranded Gas Development Act to natural gas projects,                                
    including an Alaska North Slope natural gas pipeline and any                                    
    spurs; extending the deadline for submitting applications under the                             
    Alaska Stranded Gas Development Act; and providing for an                                       
    effective date."                                                                                
                                                                                                    
                                                                                                    
The report was signed by Representatives Mulder and Williams, Co-                                   
chairs, with the following individual recommendations:                                              
                                                                                                    
Do pass (4):  Bunde, Foster, Mulder, Williams                                                       
                                                                                                    
Amend (2):  Whitaker, Harris                                                                        
                                                                                                    
The following fiscal note(s) apply to CSHB 519(FIN):                                                
                                                                                                    
3.  Fiscal, Dept. of Revenue                                                                        
Fiscal note(s) forthcoming.                                                                         
                                                                                                    
HB 519 was referred to the Rules Committee for placement on the                                     
calendar.