2014-04-20                     House Journal                      Page 2681
                                                                                                                                
      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."                                                                                                   
                                                                                                                                
Representative Nageak moved and asked unanimous consent that HCS                                                                
CSSB 138(FIN) be returned to second reading for the specific purpose                                                            
of considering Amendment No. 8.  There being no objection, it was so                                                            
ordered.                                                                                                                        
                                                                                                                                
Amendment No. 8 was offered  by Representative Nageak:                                                                           
                                                                                                                                
Page 1, line 1, following "Act" (title amendment):                                                                            
      Insert "relating to the limitation on the value of property                                                             
taxable by a municipality;"                                                                                                   
                                                                                                                                
Page 3, following line 1:                                                                                                       
      Insert new bill sections to read:                                                                                         
"* Section 1. AS 29.45.080(c) is amended to read:                                                                             
            (c)  A municipality may levy and collect a tax on the full and                                                      
      true value of that portion of taxable property taxable under                                                              
      AS 43.56 as assessed by the Department of Revenue which value,                                                            
      when combined with the value of property otherwise taxable by                                                             
      the municipality, does not exceed the product of the percentage                                                       
      determined in (f) of this section [225 PERCENT] of the average                                                        
      per capita assessed full and true value of property in the state                                                          
      multiplied by the number of residents of the taxing municipality.                                                         
   * Sec. 2. AS 29.45.080(d) is amended to read:                                                                              
            (d)  Each [BY FEBRUARY 1 OF EACH] assessment year, a