2018-05-11                     Senate Journal                      Page 3101
HB 119                                                                                                                        
CS FOR HOUSE BILL NO. 119(FIN) "An Act relating to a                                                                            
mandatory exemption from municipal property taxes for certain assets                                                            
of the Alaska Industrial Development and Export Authority; relating                                                             
to dividends from the Alaska Industrial Development and Export                                                                  
Authority; relating to the meanings of 'mark-to-market fair value,' 'net                                                        
income,' 'project or development,' and 'unrestricted net income' for                                                            
purposes of the Alaska Industrial Development and Export Authority;                                                             
and providing for an effective date" was read the second time.                                                                  
                                                                                                                                
Senator MacKinnon, Cochair, moved and asked unanimous consent                                                                   
for the adoption of the Finance Senate Committee Substitute offered                                                             
on page 3095. Senator Gardner objected, then withdrew her objection.                                                            
There being no further objection, SENATE CS FOR CS FOR HOUSE                                                                    
BILL NO. 119(FIN) "An Act relating to a mandatory exemption from                                                                
municipal property taxes for certain assets of the Alaska Industrial                                                            
Development and Export Authority; relating to dividends from the                                                                
Alaska Industrial Development and Export Authority; relating to the                                                             
meanings of 'mark-to-market fair value,' 'net income,' 'project or                                                              
development,' and 'unrestricted net income' for purposes of the Alaska                                                          
Industrial Development and Export Authority; extending the                                                                      
expiration date of the authorization to finance and issue bonds through                                                         
the Alaska Industrial Development and Export Authority for a                                                                    

2018-05-11                     Senate Journal                      Page 3102
liquefied natural gas production system and natural gas distribution                                                            
system for an Interior energy project; relating to land of the Alaska                                                           
Railroad Corporation; relating to the sale of Alaska Railroad                                                                   
Corporation land; relating to the financing and bonding authority of                                                            
the Alaska Railroad Corporation; authorizing the exchange of land                                                               
between the Alaska Railroad Corporation and Eklutna, Inc.;                                                                      
authorizing the transfer of land from the Alaska Railroad Corporation                                                           
to the Municipality of Anchorage; authorizing the transfer of land                                                              
from the Alaska Railroad Corporation to Usibelli Coal Mine, Inc.;                                                               
authorizing the transfer of land in the Chena Landings Subdivision                                                              
from the Alaska Railroad Corporation; authorizing the transfer of land                                                          
from the Alaska Railroad Corporation to Alaska Tourism                                                                          
Development, LLC; authorizing the transfer of land from the Alaska                                                              
Railroad Corporation to NeighborWorks Alaska; authorizing the                                                                   
transfer of land from the Alaska Railroad Corporation to 1048                                                                   
Whitney Road, Anchorage, LLC; authorizing the transfer of land from                                                             
the Alaska Railroad Corporation to 660 Western Drive, Anchorage,                                                                
LLC; and providing for an effective date" was adopted.                                                                          
                                                                                                                                
Senator Micciche stated SENATE CS FOR CS FOR HOUSE BILL                                                                         
NO. 119(FIN) will advance to third reading on the May 12 calendar.