Legislature(2013 - 2014)
2014-04-19 House Journal
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Full Journal pdf2014-04-19 House Journal Page 2648 Yeas: Drummond, Gara, Gruenberg, Guttenberg, Josephson, Kawasaki, Kito III, Kreiss-Tomkins, Tarr, Tuck Nays: Austerman, Chenault, Costello, Edgmon, Feige, Foster, Gattis, Hawker, Herron, Higgins, Holmes, Hughes, Isaacson, Johnson, Keller, LeDoux, Lynn, Munoz, Nageak, Neuman, Olson, Pruitt, Reinbold, Saddler, Seaton, Stoltze, Thompson, P.Wilson, T.Wilson Absent: Millett And so, Amendment No. 5 was not adopted. Amendment No. 6 was not offered. Amendment No. 7 was offered by Representative Tuck: Page 2, line 22, following "project;" (title amendment): Insert "creating an Alaska Due Diligence Task Force;" Page 3, following line 1: Insert a new bill section to read: "* Section 1. The uncodified law of the State of Alaska is amended by adding a new section to read: LEGISLATIVE FINDINGS FOR SEC. 69 OF THIS ACT. In the creation of an Alaska Due Diligence Task Force under sec. 69 of this Act, the legislature finds that (1) the Constitution of the State of Alaska mandates the resources of the state be managed for the maximum benefit of the state's people; (2) the sale of state-owned resources in a manner that maximizes the revenue received by the state, adjusted for inflation, over the life of the project generates the greatest economic value for residents of the state; (3) the North Slope of the state holds 35,000,000,000,000 cubic feet of proven natural gas reserves, and, for each one dollar increase in the wellhead price of 1,000 cubic feet of gas, the potential state revenue increases by $35,000,000,000; (4) the state loses a potential $35,000,000,000 for each dollar spent on unnecessary resource transportation and production costs; (5) the most significant means of maximizing the benefit of the state's North Slope energy resources is to deliver energy produced