2005-05-07                     Senate Journal                      Page 1442
Senator Wagoner, Chair, moved and asked unanimous consent for the                                   
adoption of the Resources Senate Committee Substitute offered on                                    
page 1368. Without objection, SENATE CS FOR HOUSE BILL NO.                                          
286(RES) "An Act amending the manner of determining the royalty                                     
received by the state on gas production by directing the commissioner                               
of natural resources to accept, under certain circumstances, the transfer                           
price of the gas if established by transfer price order of the Regulatory                           
Commission of Alaska; extending and amending the requirements                                       
applicable to the credit that may be claimed for certain oil and gas                                
exploration expenses incurred in Cook Inlet against oil and gas                                     
properties production (severance) taxes, and amending the credit                                    
against those taxes for certain exploration expenditures from leases or                             
properties in the state; and providing for an effective date" was                                   
adopted.                                                                                            
(Title change authorized by SCR 16)                                                                 
                                                                                                    
Senator Gary Stevens moved and asked unanimous consent that the                                     
bill be considered engrossed, advanced to third reading and placed on                               
final passage. Without objection, it was so ordered.                                                
                                                                                                    
SENATE CS FOR HOUSE BILL NO. 286(RES) was read the third                                            
time.                                                                                               
                                                                                                    
The question being: "Shall SENATE CS FOR HOUSE BILL NO.                                             
286(RES) "An Act amending the manner of determining the royalty                                     
received by the state on gas production by directing the commissioner                               
of natural resources to accept, under certain circumstances, the transfer                           
price of the gas if established by transfer price order of the Regulatory                           
Commission of Alaska; extending and amending the requirements                                       
applicable to the credit that may be claimed for certain oil and gas                                
exploration expenses incurred in Cook Inlet against oil and gas                                     
properties production (severance) taxes, and amending the credit                                    
against those taxes for certain exploration expenditures from leases or                             
properties in the state; and providing for an effective date" pass the                              
Senate?" The roll was taken with the following result: