2007-03-07                     House Journal                      Page 0407
HB 48                                                                                                                         
The Finance Committee considered:                                                                                               
                                                                                                                                

2007-03-07                     House Journal                      Page 0408
    HOUSE BILL NO. 48                                                                                                           
    "An Act amending the powers of the board of trustees of the                                                                 
    Alaska Retirement Management Board to authorize purchase and                                                                
    sale of transferable tax credit certificates issued in conjunction                                                          
    with the production tax on oil and gas; and providing for an                                                                
    effective date."                                                                                                            
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 48(FIN)                                                                                               
    "An Act amending the powers of the board of trustees of the                                                                 
    Alaska Retirement Management Board to authorize purchase and                                                                
    sale of transferable tax credit certificates issued in conjunction                                                          
    with the production tax on oil and gas; relating to transferable tax                                                        
    credit certificates issued under the oil and gas production tax; and                                                        
    providing for an effective date."                                                                                           
                                                                                                                                
The report was signed by Representatives Meyer and Chenault, Co-                                                                
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (1):  Foster                                                                                                            
                                                                                                                                
No recommendation (8):  Gara, Nelson, Crawford, Thomas, Stoltze,                                                                
Joule, Meyer, Chenault                                                                                                          
                                                                                                                                
The following fiscal note(s) apply to CSHB 48(FIN):                                                                             
                                                                                                                                
2.  Zero, Dept. of Administration                                                                                               
3.  Indeterminate, Dept. of Revenue                                                                                             
                                                                                                                                
HB 48 was referred to the Rules Committee for placement on the                                                                  
calendar.