2014-04-19                     House Journal                      Page 2642
    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                                                           
    project; relating to the duties of the Oil and Gas Competitiveness                                                          
    Review Board; making conforming amendments; and providing                                                                   
    for an effective date."                                                                                                     
                                                                                                                                
    (HCR 28 - title change resolution)                                                                                          
                                                                                                                                
Amendment No. 1 was offered  by Representative Gara:                                                                             
                                                                                                                                
Page 18, following line 26:                                                                                                     
    Insert a new subsection to read:                                                                                            
         "(e) An agreement or contract in which the state or an entity                                                          
    of the state is a party that provides for the midstream                                                                     
    transportation by a third party of natural gas received by the state                                                        
    as royalty or payment of tax may not require the state to reimburse                                                         
    the third party an amount for funds used during construction that                                                           
    is calculated using a rate that is more than one percent higher than                                                        
    the five-year constant maturity treasury rate reported by the