2001-01-08                     Senate Journal                      Page 0016
          the duties and liabilities of response action                                             
          contractors; and authorizing compliance verification                                      
          for nontank vessels and for trains and related                                            
          facilities and operations; and providing for an                                           
          effective date."                                                                          
                                                                                                    
was read the first time and referred to the Resources and Finance                                   
Committees.                                                                                         
                                                                                                    
SB 17                                                                                             
SENATE BILL NO. 17 BY THE SENATE RULES COMMITTEE                                                    
BY REQUEST OF THE GOVERNOR, entitled:                                                               
                                                                                                    
          "An Act amending the application deadline, and the                                        
          standards applicable to determining whether a                                             
          proposed new investment constitutes a qualified                                           
          project, for purposes of the Alaska Stranded Gas                                          
          Development Act; and providing for an effective                                           
          date."                                                                                    
                                                                                                    
was read the first time and referred to the Transportation, Resources                               
and Finance Committees.                                                                             
                                                                                                    
The following fiscal information was published today:                                               
 Fiscal Note No. 1, zero, Department of Natural Resources.                                          
                                                                                                    
Governor's transmittal letter dated January 8:                                                      
                                                                                                    
Dear President Halford:                                                                             
                                                                                                    
Alaska must ensure that our fiscal regime is an incentive to the                                    
commercialization of our natural gas, not an impediment.  To provide                                
the State with the appropriate tools to achieve this goal I am                                      
transmitting this bill to amend the Alaska Stranded Gas Development                                 
Act to allow any potentially successful natural gas project to take                                 
advantage of the provisions of that Act.                                                            
                                                                                                    
The Alaska Stranded Gas Development Act (Act) allows the                                            
commissioner of the Department of Revenue to negotiate a contract                                   
for payments in lieu of taxes for a certain type of project that will