Legislature(2011 - 2012)SENATE FINANCE 532

03/13/2012 09:00 AM FINANCE


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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+= HB 307 SUPPLEMENTAL/CAPITAL/OTHER APPROPRIATIONS TELECONFERENCED
Heard & Held
+ SB 192 OIL AND GAS PRODUCTION TAX RATES TELECONFERENCED
Introduction by Senator Paskvan
<To Continue at 1:00 p.m. 3/13/12>
+ Bills Previously Heard/Scheduled TELECONFERENCED
CS FOR HOUSE BILL NO. 307(FIN)                                                                                                
                                                                                                                                
     "An  Act  making supplemental  appropriations,  capital                                                                    
     appropriations,  and   other  appropriations;  amending                                                                    
     appropriations;   repealing    appropriations;   making                                                                    
     appropriations to  capitalize funds; and  providing for                                                                    
     an effective date."                                                                                                        
                                                                                                                                
9:01:56 AM                                                                                                                    
                                                                                                                                
TIM GRUSSENDORF,  STAFF, SENATOR LYMAN HOFFMAN,  stated that                                                                    
the   "fast    track   supplemental"   had    been   crafted                                                                    
collaboratively  by  the   Co-Chair's  offices,  Legislative                                                                    
Finance,  and the  administration.  He  noted the  worksheet                                                                    
prepared  by  the  Legislative  Finance  Division  (copy  on                                                                    
file).  He  explained that  the  items  put forward  by  the                                                                    
governor  had been  reviewed and  that all  capital projects                                                                    
had been  had removed and  would be included in  the Capital                                                                    
Budget. He shared that four  capital projects had been added                                                                    
back  into  the budget;  major  maintenance  for the  Bethel                                                                    
campus water  and sewer line  repairs, the  Cordova Hospital                                                                    
roof  repair  and  replacement, the  Anchorage/Chugiak  Fire                                                                    
Hall replacement,  and the Inter-Island Ferry  Authority. Of                                                                    
the four,  two had been at  the request of the  governor. He                                                                    
stated  that operating  budget items  had  been removed  for                                                                    
additional  vetting and  could be  added back  into a  later                                                                    
appropriation  bill. He  shared  that  the Operating  Budget                                                                    
items in need  of additional vetting were:  $3.4 million for                                                                    
Corporation Business  Licensing, $1  million in  Student and                                                                    
School  Achievement,  $250,000  for  Alaska's  Institute  of                                                                    
Technology,  and  $20 million  for  a  University of  Alaska                                                                    
legal settlement.  He reiterated  that none of the items had                                                                    
been officially  excluded entirely,  and would  be discussed                                                                    
in conjunction  with other  appropriation bills.  He relayed                                                                    
that the  funding for the supplemental  included $57 million                                                                    
in  unlimited  general  funds, $1.2  million  in  designated                                                                    
general  funds, $6.4  million in  other funds,  and $7.1  in                                                                    
federal  funds;  totaling  $71,969,800. The  total  was  $36                                                                    
million  less than  had been  proposed by  the governor.  He                                                                    
stated  that all  of the  included items  in the  fast track                                                                    
supplemental had  been approved by and  retained the support                                                                    
of the administration.                                                                                                          
                                                                                                                                
9:06:16 AM                                                                                                                    
                                                                                                                                
Co-Chair Hoffman  noted that Senator McGuire  had joined the                                                                    
committee.                                                                                                                      
                                                                                                                                
9:06:43 AM                                                                                                                    
CSHB 307(FIN)  was HEARD and  HELD in committee  for further                                                                    
consideration.                                                                                                                  
                                                                                                                                
9:06:53 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
9:09:23 AM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                

Document Name Date/Time Subjects
CS for SB 192_Sponsor Statement.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_ACES Status Report Letter to Gov Parnell_January 14_2010.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB 192(RES)_Sectional Summary.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_ACES Status Report_January 14_2010.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB 192_Slide Presentation_SEN FIN_03-13-2012.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_BP Doc re Cash Cow_2004.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_BRENA_2012-02-06 FINAL.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_DNR_Open For Business Ad.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_DOR Oil and Gas Tax Report_01-18-2011.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_Effectiveness of Severance Tax Incentives in the US Oil Industry.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_FAST Study.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_Gas and Water Handling Constraints On Alaska's North Slope.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_Gleason Decision_12-30-11.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_North Slope of Alaska Facility Sharing Study (2004).pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_Oil Industry Profitability in Alaska - 1969 through 1987.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_Revenue Source Book re ANS Production Decline (1988-1994).pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_SOA Single Audit re DOR for the FY Ended June 30 2009.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_State Tax Policy and Oil Production.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_State Taxation Exporation and Production in the US Oil Industry.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_Therriault Email re ANS profitability_09-10-2010.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_Trends_Alaskas Oil Industry_Sept_2008.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_US Senate Testimony by Kevin Banks_05-10-2012.pdf SFIN 3/13/2012 9:00:00 AM
SB 192
CSSB192_Back-Up_With Prudhoe Bay in Decline What's Next for Alaska_Oil and Gas Journal_09-03-1992.pdf SFIN 3/13/2012 9:00:00 AM
SB 192