03/21/2012 01:30 PM House FINANCE

HOUSE BILL NO. 361                                                                                                              
                                                                                                                                
     "An  Act relating  to the  Alaska  Land Act,  including                                                                    
     certain lease,  sale, and other disposal  of state land                                                                    
     and  materials; relating  to production  royalties from                                                                    
     miners;  relating to  rights to  use  state water;  and                                                                    
     providing for an effective date."                                                                                          
                                                                                                                                
Vice-chair  Fairclough  MOVED  to adopt  proposed  committee                                                                    
substitute  for  HB  361, Work  Draft  27-GH2717\B  (Bailey,                                                                    
3/21/12).                                                                                                                       
                                                                                                                                
Co-Chair Stoltze OBJECTED for discussion.                                                                                       
                                                                                                                                
JOE  MICHEL,  STAFF,  REPRESENTATIVE BILL  STOLTZE,  relayed                                                                    
that the CS made four  changes to the original bill. Section                                                                    
1  had  been  inserted  on  page 1  to  address  sealed  bid                                                                    
language. Alaska Statute 38.05.565  was inserted to the list                                                                    
of statutes on  page 2; the statute was created  by the bill                                                                    
on page 9.                                                                                                                      
                                                                                                                                
Vice-chair Fairclough  asked for  the specific  location the                                                                    
change had been made on page 2.                                                                                                 
                                                                                                                                
Mr. Michel replied that AS  38.05.565 had been added to page                                                                    
4, line 11; the statute  referenced a new statute created by                                                                    
the bill, which was located on  page 8. The third and fourth                                                                    
changes  inserted  the language  "or  sealed  bid" into  new                                                                    
Sections 10 and 11 on page 5.                                                                                                   
                                                                                                                                
Co-Chair  Stoltze WITHDREW  his  OBJECTION.  There being  NO                                                                    
further OBJECTION, Work draft 27-GH2717\B was adopted.                                                                          
                                                                                                                                
Co-Chair  Stoltze discussed  that  any  amendments would  be                                                                    
addressed at a later date.                                                                                                      
                                                                                                                                
HB  361  was  HEARD  and   HELD  in  committee  for  further                                                                    
consideration.                                                                                                                  
                                                                                                                                
3:08:25 PM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
3:14:14 PM                                                                                                                    
RECONVENED