Legislature(2009 - 2010)
04/18/2010 05:16 PM Senate FIN
| Audio | Topic |
|---|---|
| Start | |
| HB280 |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
CS FOR HOUSE BILL NO. 280(FIN) am
"An Act relating to a gas storage facility; relating
to the Regulatory Commission of Alaska; relating to
the participation by the attorney general in a matter
involving the approval of a rate or a gas supply
contract; relating to an income tax credit for a gas
storage facility; relating to oil and gas production
tax credits; relating to the powers and duties of the
Alaska Oil and Gas Conservation Commission; relating
to production tax credits for certain losses and
expenditures, including exploration expenditures;
relating to the powers and duties of the director of
the division of lands and to lease fees for a gas
storage facility on state land; and providing for an
effective date."
5:19:10 PM
Senator Thomas MOVED AMENDMENT number 1. 26-LS1185\N.5,
Bullock, 4/17/10.
Page 13, line 28:
Delete "Cook Inlet sedimentary basin"
Insert "state south of 68 degrees North latitude"
Page 13, lines 30-31:
Delete "outside of the Cook Inlet sedimentary
basin"
Insert "in the state north of 68 degrees North
latitude"
Page 15, lines 15-16:
Delete "Cook Inlet well lease expenditure
incurred"
Insert "well lease expenditure incurred in the
state south of 68 degrees North latitude"
Page 15, line 17:
Delete "Cook Inlet well lease expenditure"
Insert "well lease expenditure incurred in the
state south of 68 degrees North latitude"
Page 15, line 21:
Delete "Cook Inlet well lease expenditure"
Insert "well lease expenditure in the state south
of 68 degrees North latitude"
Page 15, lines 25-26:
Delete "Cook Inlet well lease expenditure
incurred"
Insert "well lease expenditure incurred in the
state south of 68 degrees North Latitude"
Page 16, line 1:
Delete "Cook Inlet sedimentary basin"
Insert "state south of 68 degrees North latitude"
Page 16, line 3:
Delete "Cook Inlet well lease expenditure"
Insert "well lease expenditure incurred in the
state south of 68 degrees North latitude"
Page 16, line 7-8:
Delete "Cook Inlet well lease expenditure is a
lease expenditure that is incurred in the Cook
Inlet sedimentary basin"
Insert "well lease expenditure incurred in the
state south of 68 degrees North latitude is a
lease expenditure"
Page 16, line 11, following "disposal well":
Insert "located in the state south of 68 degrees
North latitude,"
Senator Thomas explained that the amendment allows for an
expansion of the Prudhoe Bay landmark.
Co-Chair Stedman Removed his Objection. There being NO
OBJECTION, it was so ordered.
Co-Chair Stedman Moved to adopt Amendment 2, 26-LS1185\N.7,
Bullock, 4/18/10.
Page 13, line 18, through page 14, line 30:
Delete all material.
Renumber the following bill sections
accordingly.
Page 15, line 16:
Delete "December 31"
Insert "June 30"
Page 16, line 2:
Delete "December 31 "
Insert "June 30"
Page 16, line 4:
Delete "a transferable tax credit
certificate"
Insert "transferable tax credit
certificates"
Page 16, lines 5 -6:
Delete "is available for immediate use
and does"
Insert "certificates do"
DARWIN PETERSON, STAFF, SENATOR BURT STEDMAN, explained the
changes proposed in the amendment. Co-Chair Stedman REMOVED
his objection. There being NO OBJECTION, it was so ordered.
Co-Chair Stedman explained the fiscal notes.
Co-Chair Hoffman MOVED to report CS HB 280 out of Committee
with individual recommendations and the accompanying fiscal
notes. There being NO OBJECTION, it was so ordered.
CS HB 280 was REPORTED out of Committee with a "do pass"
recommendation and with one new fiscal impact note from the
Department of Natural Resources and three previously
published zero notes: FN 1 (ADM), FN 2 (CED), FN 5 (REV).
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