2004-04-26                     House Journal                      Page 3518
HB 364                                                                                            
The Resources Committee has considered:                                                             
                                                                                                    
    SPONSOR SUBSTITUTE FOR HOUSE BILL NO. 364                                                       
    "An Act establishing a moratorium on the issuance of state                                      
    shallow natural gas leases in the vicinity of Kachemak Bay, and                                 
    precluding the commissioner of natural resources from reissuing                                 
    or otherwise extending leases within the moratorium area if the                                 
    leases fail to produce gas in paying quantities within the terms of                             
    the lease or if there is a breach of a term or condition of the lease;                          
    and providing for an effective date."                                                           
                                                                                                    
and recommends it be replaced with:                                                                 
                                                                                                    
    CS FOR SPONSOR SUBSTITUTE FOR HOUSE BILL NO.                                                    
    364(O&G)                                                                                        
    "An Act prohibiting the issuance of state shallow natural gas                                   
    leases in the vicinity of Kachemak Bay, modifying the authority to                              
    extend certain shallow natural gas leases, and precluding the                                   
    director of the division of lands from reissuing or otherwise                                   
    extending shallow natural gas leases within the Kachemak Bay                                    
    area if there is a breach of a term or condition of the lease; and                              
    providing for an effective date."                                                               
                                                                                                    
The report was signed by Representative Masek, Co-chair, with the                                   
following individual recommendations:                                                               
                                                                                                    
No recommendation (5):  Kerttula, Guttenberg, Lynn, Heinze, Masek                                   
                                                                                                    

2004-04-26                     House Journal                      Page 3519
Amend (2):  Wolf, Stepovich                                                                         
                                                                                                    
The following fiscal note(s) apply to CSSSHB 364(O&G):                                              
                                                                                                    
1.  Indeterminate, Dept. of Natural Resources                                                       
                                                                                                    
SSHB 364 was referred to the Rules Committee for placement on the                                   
calendar.