2003-03-19                     House Journal                      Page 0578
HB 16                                                                                             
The Finance Committee has considered:                                                               
                                                                                                    
    HOUSE BILL NO. 16                                                                               
    "An Act amending the standards applicable to determining                                        
    whether, for purposes of the Alaska Stranded Gas Development                                    
    Act, a proposed new investment constitutes a qualified project,                                 
    and repealing the deadline for applications relating to the                                     
    development of contracts for payments in lieu of taxes and for                                  
    royalty adjustments that may be submitted for consideration under                               
    that Act; and providing for an effective date."                                                 
                                                                                                    
and recommends it be replaced with:                                                                 
                                                                                                    
    CS FOR HOUSE BILL NO. 16(FIN)                                                                   
    "An Act amending, for purposes of the Alaska Stranded Gas                                       
    Development Act, the standards applicable to determining                                        
    whether a proposed new investment constitutes a qualified project,                              
    the standards used to determine whether a person or group                                       
    qualifies as a project sponsor or project sponsor group, and the                                
    deadline for applications relating to the development of contracts                              
    for payments in lieu of taxes and for royalty adjustments that may                              
    be submitted for consideration, and modifying the conditions                                    
    bearing on the use of independent contractors to evaluate                                       
    applications or to develop contract terms; providing statements of                              
    intent for the Act relating to use of project labor agreements and to                           
    reopening of contracts; and providing for an effective date."                                   
                                                                                                    
The report was signed by Representatives Harris and Williams, Co-                                   
chairs, with the following individual recommendations:                                              
                                                                                                    
Do pass (6):  Meyer, Hawker, Chenault, Foster, Harris, Williams                                     
                                                                                                    
No recommendation (2):  Stoltze, Croft                                                              
                                                                                                    
The following fiscal note(s) apply to CSHB 16(FIN):                                                 
                                                                                                    

2003-03-19                     House Journal                      Page 0579
1.  Zero, Dept. of Community & Economic Development                                                 
4.  Fiscal, Dept. of Revenue                                                                        
                                                                                                    
HB 16 was referred to the Rules Committee for placement on the                                      
calendar.