2008-08-02                     Senate Journal                      Page 3242
SB 4002                                                                                                                       
The Finance Committee considered SENATE BILL NO. 4002 "An                                                                       
Act establishing the Alaska resource rebate program and relating to the                                                         
program; and providing for an effective date" and recommended it be                                                             
replaced with                                                                                                                   
                                                                                                                                
          CS FOR SENATE BILL NO. 4002(FIN) "An Act                                                                              
          amending the bulk fuel bridge loan fund; amending                                                                     
          the power cost equalization program, repealing the                                                                    
          exclusion from eligibility for power cost equalization                                                                
          for certain power projects that take their power from                                                                 
          hydroelectric facilities, and amending the definition                                                                 
          of 'eligible electric utility' as it applies to the power                                                             
          cost equalization program and the grant program for                                                                   
          small power projects for utility improvements;                                                                        
          establishing the Alaska resource rebate program and                                                                   
          relating to that program; and providing for an                                                                        
          effective date."                                                                                                      
                                                                                                                                
          CS FOR SENATE BILL NO. 4002(FIN), comprised                                                                           
          of work draft GS4057\T with conceptual Amendment                                                                      
          10 and Amendments 7, 8, and 11, was adopted in the                                                                    
          Finance Committee.                                                                                                    
                                                                                                                                
Signing do pass: Senators Hoffman, Stedman, Cochairs; Senators                                                                  
Elton, Thomas. Signing no recommendation: Senator Dyson. Signing                                                                
amend: Senators Huggins, Olson.                                                                                                 
                                                                                                                                

2008-08-02                     Senate Journal                      Page 3243
The following fiscal information was published today:                                                                           
 Fiscal Note No. 4, Senate Finance Committee                                                                                    
 Fiscal Note No. 5, Senate Finance Committee                                                                                    
 Fiscal Note No. 6, Senate Finance Committee                                                                                    
                                                                                                                                
Fiscal information forthcoming.                                                                                                 
                                                                                                                                
The bill is on today's first supplemental calendar.                                                                             
SB 4002                                                                                                                       
SENATE BILL NO. 4002 "An Act establishing the Alaska resource                                                                   
rebate program and relating to the program; and providing for an                                                                
effective date" was read the second time.                                                                                       
                                                                                                                                
Senator Stedman, Cochair, moved and asked unanimous consent for                                                                 
the adoption of the Finance Committee Substitute, offered on page                                                               
3242, consisting of work draft GS4057\T with conceptual Amendment                                                               
10 and attached Amendments 7, 8, and 11 which were on senators'                                                                 
desks. Without objection, it was so ordered, thus adopting CS FOR                                                               
SENATE BILL NO. 4002(FIN) "An Act amending the bulk fuel                                                                        
bridge loan fund; amending the power cost equalization program,                                                                 
repealing the exclusion from eligibility for power cost equalization for                                                        
certain power projects that take their power from hydroelectric                                                                 
facilities, and amending the definition of 'eligible electric utility' as it                                                    
applies to the power cost equalization program and the grant program                                                            
for small power projects for utility improvements; establishing the                                                             
Alaska resource rebate program and relating to that program; and                                                                
providing for an effective date."                                                                                               
                                                                                                                                
President Green stated CS FOR SENATE BILL NO. 4002(FIN) will                                                                    
advance to third reading on the August 3 calendar.