2003-04-02                     Senate Journal                      Page 0670
                                Announcements                                                    
                                                                                                    
Announcements are at the end of the journal.                                                        
                                                                                                    
                                                                                                    
Senator Ben Stevens moved and asked unanimous consent that the                                      
Senate return to Reports of Standing Committees. Senator Ellis                                      
objected, then withdrew his objection. There being no further                                       
objections, the Senate returned to:                                                                 
                                                                                                    
                                                                                                    
                          Standing Committee Reports                                             
                                                                                                    
                                                                                                    
                                    Recess                                                       
                                                                                                    
Senator Ben Stevens moved and asked unanimous consent that the                                      
Senate stand in recess to 5:00 p.m. Without objection, the Senate                                   
recessed at 11:55 a.m.                                                                              
                                                                                                    
                                                                                                    
                                 After Recess                                                    
                                                                                                    
The Senate reconvened at 5:08 p.m.                                                                  
                                                                                                    
                                                                                                    
                    Standing Committee Reports (continued)                                       
                                                                                                    
HB 16                                                                                             
The Resources Committee considered CS FOR HOUSE BILL NO.                                            
16(FIN) am "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" and recommended it be replaced with