2014-04-23                     House Journal                      Page 2805
SB 138                                                                                                                        
The following, which engrossment was waived (page 2687), was                                                                    
engrossed and sent to the Senate April 23, 2014:                                                                                
                                                                                                                                
           HOUSE CS FOR CS FOR SENATE BILL NO. 138(FIN) am H                                                                   
    "An Act relating to the limitation on the value of property taxable                                                         
    by a municipality; relating to the Alaska Gasline Development                                                               
    Corporation; relating to an in-state natural gas pipeline, an Alaska                                                        
    liquefied natural gas project, and associated funds; requiring state                                                        
    agencies and other entities to expedite reviews and actions related                                                         

2014-04-23                     House Journal                      Page 2806
    to natural gas pipelines and projects; making certain contracts by                                                          
    the Department of Natural Resources and the Department of Law                                                               
    not subject to the State Procurement Code; relating to the                                                                  
    authorities and duties of the commissioner of natural resources                                                             
    relating to a North Slope natural gas project, oil and gas and gas                                                          
    only leases, and royalty gas and other gas received by the state                                                            
    including gas received as payment for the production tax on gas;                                                            
    relating to a report and recommendations by the commissioner of                                                             
    natural resources regarding the delivery and availability of North                                                          
    Slope natural gas in the state, including the identification of risks                                                       
    and recommendations for mitigation; relating to the tax on oil and                                                          
    gas production, on oil production, and on gas production; relating                                                          
    to the duties of the commissioner of revenue relating to a North                                                            
    Slope natural gas project and gas received as payment for tax;                                                              
    relating to confidential information and public record status of                                                            
    information provided to or in the custody of the Department of                                                              
    Natural Resources and the Department of Revenue; relating to                                                                
    apportionment factors of the Alaska Net Income Tax Act;                                                                     
    amending the definition of gross value at the 'point of production'                                                         
    for gas for purposes of the oil and gas production tax; clarifying                                                          
    that the exploration incentive credit, the oil or gas producer                                                              
    education credit, and the film production tax credit may not be                                                             
    taken against the gas production tax paid in gas; relating to the oil                                                       
    or gas producer education credit; requiring the commissioner of                                                             
    revenue to provide a report to the legislature on financing options                                                         
    for state ownership and participation in a North Slope natural gas                                                          
    project; requesting the governor to establish an advisory planning                                                          
    group to advise the governor on municipal involvement in a North                                                            
    Slope natural gas project; relating to the development of a plan by                                                         
    the Alaska Energy Authority for developing infrastructure to                                                                
    deliver affordable energy to areas of the state that will not have                                                          
    direct access to a North Slope natural gas pipeline and a                                                                   
    recommendation of a funding source for energy infrastructure                                                                
    development; establishing the Alaska affordable energy fund;                                                                
    requiring the Department of Transportation and Public Facilities                                                            
    to evaluate certain bridges and infrastructure related to an Alaska                                                         
    liquefied natural gas project; requiring the commissioner of                                                                
    revenue to develop a plan and suggest legislation for                                                                       
    municipalities, regional corporations, and residents of the state to                                                        
    acquire ownership interests in a North Slope natural gas pipeline                                                           

2014-04-23                     House Journal                      Page 2807
    project; relating to the duties of the Oil and Gas Competitiveness                                                          
    Review Board; making conforming amendments; and providing                                                                   
    for an effective date."