2014-09-19                     Senate Journal                      Page 2834
SB 138                                                                                                                        
Message was received stating the Governor signed the following bill                                                             
on May 8 and transmitted the engrossed and enrolled copies to the                                                               
Lieutenant Governor's Office for permanent filing:                                                                              
                                                                                                                                
     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 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                                                                 

2014-09-19                     Senate Journal                      Page 2835
     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                                                               

2014-09-19                     Senate Journal                      Page 2836
     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."                                                                          
                                                                                                                                
                            Chapter 14, SLA 2014                                                                               
                        Effective Date: See Chapter