2004-02-27                     Senate Journal                      Page 2307
The contract uses Alaska North Slope spot prices to determine the                                   
royalty in-kind price. This along with a fixed transportation price                                 
eliminates the need for retroactive adjustments - which removes the                                 
risk of the state losing value in royalty re-openers.                                               
                                                                                                    
I urge your prompt consideration and approval of the contract.                                      
                                                                                                    
Sincerely yours,                                                                                    
/s/                                                                                                 
Frank H. Murkowski                                                                                  
Governor                                                                                            
                                                                                                    
The presence of Senator Hoffman was noted.                                                          
                                                                                                    
                                                                                                    
                           Messages from the House                                               
                                                                                                    
Messages dated February 26 and received February 27 were read,                                      
stating the House passed and transmitted for consideration:                                         
                                                                                                    
                        First Reading and Reference of                                           
                              House Resolutions                                                  
                                                                                                    
HJR 34                                                                                            
CS FOR HOUSE JOINT RESOLUTION NO. 34(FSH) BY THE                                                    
HOUSE SPECIAL COMMITTEE ON FISHERIES,                                                               
                                                                                                    
          Requesting the United States Department of                                                
          Agriculture and the United States Department of                                           
          Labor to extend Trade Adjustment Assistance                                               
          benefits to Alaska salmon fishermen; requesting the                                       
          United States Congress and the United States                                              
          Department of Agriculture to extend additional                                            
          disaster and price support benefits to Alaska salmon                                      
          fishermen; and requesting the United States                                               
          Department of Commerce to establish a Trade                                               
          Adjustment Assistance program specific to                                                 
          commercial fishermen.                                                                     
                                                                                                    
was read the first time and referred to the Labor and Commerce and                                  
Resources Committees.