2003-05-14                     Senate Journal                      Page 1397
SB 185                                                                                            
SENATE BILL NO. 185 "An Act providing for a reduction of royalty                                    
on certain oil produced from Cook Inlet submerged land" was read the                                
second time.                                                                                        
                                                                                                    
Senator Wilken, Cochair, moved and asked unanimous consent for the                                  
adoption of the Finance Committee Substitute offered on page 1382.                                  
Senator Ellis objected.                                                                             
                                                                                                    
Senator Wilken called the Senate. The call was satisfied.                                           
                                                                                                    
The question being: "Shall the Finance Committee Substitute be                                      
adopted?" The roll was taken with the following result:                                             
                                                                                                    
SB 185                                                                                              
Second Reading                                                                                      
Adopt Finance Committee Substitute?                                                                 
                                                                                                    
YEAS:  12   NAYS:  8   EXCUSED:  0   ABSENT:  0                                                   
                                                                                                    
Yeas:  Bunde, Cowdery, Dyson, Green, Ogan, Seekins, Stevens B,                                      
Stevens G, Taylor, Therriault, Wagoner, Wilken                                                      
                                                                                                    
Nays:  Davis, Ellis, Elton, French, Guess, Hoffman, Lincoln, Olson                                  

2003-05-14                     Senate Journal                      Page 1398
                                                                                                    
and so, CS FOR SENATE BILL NO. 185(FIN) "An Act providing for                                       
a reduction of royalty on certain oil produced from Cook Inlet                                      
submerged land, and for a credit for certain exploration expenses                                   
against oil and gas properties production taxes on oil and gas produced                             
from a lease or property in the state" was adopted.                                                 
                                                                                                    
Senator Ben Stevens moved and asked unanimous consent that the bill                                 
be considered engrossed, advanced to third reading and placed on final                              
passage. Senator Ellis objected.                                                                    
                                                                                                    
President Therriault stated CS FOR SENATE BILL NO. 185(FIN)                                         
will be on the May 15 calendar.