2014-04-09                     House Journal                      Page 2306
SB 138                                                                                                                        
The Resources Committee considered:                                                                                             
                                                                                                                                
    CS FOR SENATE BILL NO. 138(FIN) am                                                                                          
    "An Act relating to the purposes, powers, and duties of 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 to natural gas pipelines and                                                           
    projects; 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 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; requesting the governor to                                                                
    establish an interim advisory board 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 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                                                           
    project; making conforming amendments; and providing for an                                                                 
    effective date."