2005-01-12                     Senate Journal                      Page 0043
licenses.  Under the Order, almost all "corporations" functions were                                
moved from the Division of Banking, Securities, and Corporations to                                 
the Division of Occupational Licensing in the department.  To reflect                               
this reorganization in the statutes, the bill would substitute                                      
"department" for references to the two specific divisions.  These                                   
amendments also will allow the commissioner of the department                                       
future latitude in assigning duties and functions within the department,                            
including renaming divisions to more accurately reflect their current                               
objectives.                                                                                         
                                                                                                    
Under the Order and this bill, duties related to the Alaska BIDCO Act                               
under AS 10.13 and required statements of financial conditions of                                   
business entities would not be moved to the division of occupational                                
licensing, although references in AS 10.13 to the Division of Banking,                              
Securities, and Corporations would be changed by the bill to refer to                               
the department rather than the currently named division.                                            
                                                                                                    
I urge your prompt and favorable action on this measure.                                            
                                                                                                    
Sincerely yours,                                                                                    
/s/                                                                                                 
Frank H. Murkowski                                                                                  
Governor                                                                                            
                                                                                                    
SB 53                                                                                             
SENATE BILL NO. 53 BY THE SENATE RULES COMMITTEE                                                    
BY REQUEST OF THE GOVERNOR, entitled:                                                               
                                                                                                    
          "An Act relating to 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; relating to the deadline for                                       
          certain exploration expenditures used as credits                                          
          against production tax on oil and gas produced from a                                     
          lease or property in the Alaska Peninsula competitive                                     
          oil and gas areawide lease sale area after July 1,                                        
          2004; and providing for an effective date."                                               
                                                                                                    
was read the first time and referred to the Resources and Finance                                   
Committees.