2003-04-02                     Senate Journal                      Page 0670
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                                          

2003-04-02                     Senate Journal                      Page 0671
                                                                                                    
                     SENATE CS FOR CS FOR HOUSE BILL NO.                                           
          16(RES)                                                                                   
                                                                                                    
Signing do pass: Senator Ogan, Chair; Senator Elton. Signing no                                     
recommendation: Senators Seekins, Ben Stevens, Wagoner, Lincoln.                                    
                                                                                                    
The following previously published fiscal information applies:                                      
 Fiscal Note No. 1, zero, Department of Community and Economic                                      
  Development                                                                                       
 Fiscal Note No. 4, Department of Revenue                                                           
                                                                                                    
The bill was referred to the Finance Committee.