2014-03-14                     Senate Journal                      Page 1958
      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 rural capital                                                                
      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."                                                                                                   
                                                                                                                                
and further recommended the adoption of the following Finance                                                                   
Committee Letter of Intent:                                                                                                     
                                                                                                                                
                               Letter of Intent                                                                                
                                                                                                                                
     It is the intent of the Alaska State Legislature that the Alaska                                                           
     LNG project honor the commitments, as copied below, made                                                                   
     in "Article 11: Alaska Hire and Content", agreed to in the