Legislature(2023 - 2024)ADAMS 519

04/18/2024 10:00 AM House FINANCE

Note: the audio and video recordings are distinct records and are obtained from different sources. As such there may be key differences between the two. The audio recordings are captured by our records offices as the official record of the meeting and will have more accurate timestamps. Use the icons to switch between them.

Download Mp3. <- Right click and save file as

Audio Topic
10:01:38 AM Start
10:02:58 AM HB257
10:05:45 AM Adjourn
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
-- Please Note Time Change --
+= HB 257 COOK INLET SEISMIC DATA TELECONFERENCED
Heard & Held
-- Public Testimony --
+ Bills Previously Heard/Scheduled TELECONFERENCED
                  HOUSE FINANCE COMMITTEE                                                                                       
                      April 18, 2024                                                                                            
                        10:01 a.m.                                                                                              
                                                                                                                                
                                                                                                                                
10:01:38 AM                                                                                                                   
                                                                                                                                
CALL TO ORDER                                                                                                                 
                                                                                                                                
Co-Chair Foster called the House Finance Committee meeting                                                                      
to order at 10:01 a.m.                                                                                                          
                                                                                                                                
MEMBERS PRESENT                                                                                                               
Representative Neal Foster, Co-Chair                                                                                            
Representative DeLena Johnson, Co-Chair                                                                                         
Representative Julie Coulombe                                                                                                   
Representative Alyse Galvin                                                                                                     
Representative Sara Hannan                                                                                                      
Representative Andy Josephson                                                                                                   
Representative Dan Ortiz                                                                                                        
Representative Will Stapp                                                                                                       
Representative Frank Tomaszewski                                                                                                
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
Representative Bryce Edgmon, Co-Chair                                                                                           
Representative Mike Cronk                                                                                                       
                                                                                                                                
ALSO PRESENT                                                                                                                  
                                                                                                                                
Trevor Jepsen, Staff, Representative Tom McKay.                                                                                 
                                                                                                                                
SUMMARY                                                                                                                       
                                                                                                                                
HB 257    COOK INLET SEISMIC DATA                                                                                               
                                                                                                                                
          HB 275 was HEARD and HELD in committee for                                                                            
          further consideration.                                                                                                
                                                                                                                                
Co-Chair Foster reviewed the meeting agenda.                                                                                    
                                                                                                                                
HOUSE BILL NO. 257                                                                                                            
                                                                                                                                
     "An Act requiring the Department of Natural Resources                                                                      
     to  make Cook  Inlet seismic  survey data  available to                                                                    
     certain persons; and providing for an effective date."                                                                     
                                                                                                                                
10:02:58 AM                                                                                                                   
                                                                                                                                
TREVOR  JEPSEN, STAFF,  REPRESENTATIVE  TOM MCKAY,  reminded                                                                    
members that HB 257 would  require the Department of Natural                                                                    
Resources (DNR) to distribute  state-owned seismic data from                                                                    
Cook  Inlet to  qualified persons  at no  charge. The  state                                                                    
currently made  very little revenue from  selling Cook Inlet                                                                    
seismic data  to the  private industry.  Over the  last five                                                                    
years, the state  made about $27 million  total from selling                                                                    
seismic data.  The goal of  the legislation was to  get more                                                                    
companies and industry professionals  to consider Cook Inlet                                                                    
seismic data and he argued  that distributing the data at no                                                                    
charge would achieve the goal.                                                                                                  
                                                                                                                                
10:03:41 AM                                                                                                                   
                                                                                                                                
Co-Chair Foster OPENED public testimony.                                                                                        
                                                                                                                                
Co-Chair Foster CLOSED public testimony.                                                                                        
                                                                                                                                
Co-Chair  Foster set  an amendment  deadline for  HB 257  of                                                                    
April 23, 2024, at 5:00 p.m.                                                                                                    
                                                                                                                                
HB  275  was  HEARD  and   HELD  in  committee  for  further                                                                    
consideration.                                                                                                                  
                                                                                                                                
Co-Chair  Foster reviewed  the  agenda  for the  afternoon's                                                                    
meeting.                                                                                                                        
                                                                                                                                
ADJOURNMENT                                                                                                                   
                                                                                                                                
10:05:45 AM                                                                                                                   
                                                                                                                                
The meeting was adjourned at 10:05 a.m.                                                                                         
                                                                                                                                
                                                                                                                                

Document Name Date/Time Subjects