SB 29-COOK INLET: NEW ADMIN AREA; PERMIT BUYBACK  4:44:38 PM CHAIR REVAK announced the consideration of SENATE BILL NO. 29 "An Act relating to the powers of the Alaska Commercial Fisheries Entry Commission; relating to administrative areas for regulation of certain commercial set net entry permits; establishing a buy-back program for certain set net entry permits; providing for the termination of state set net tract leases under the buy-back program; closing certain water to commercial fishing; and providing for an effective date." He noted the committee first heard SB 29 on March 3, 2021 and completed public testimony. He said the committee would like to hear again from the sponsor and gauge the will of the committee for the legislation. CHAIR REVAK pointed out during public testimony the committee heard from 25 testifiers who supported the bill. Most if not all testifiers were setnetters or family members of setnetters. He said the committee has received three additional letters of support that were distributed to committee members. He added the committee has not received any communication in opposition to SB 29, which certainly was not the case during the previous session and is likely an indication of the unfortunate times and complications that Alaska's fishing industry has faced. 4:45:41 PM SENATOR MICCICHE, speaking as sponsor of SB 29, said the bill goes on to the Senate Finance Committee and he looks forward to that discussion. SENATOR MICCICHE summarized that SB 29 has no state dollars associated with it. The legislation gives setnetters the opportunity to either retrain or reinvest in another fishery. He said the east side of the Cook Inlet fishery has struggled with this issue for 40 years and he believes SB 29 is the best path forward. CHAIR REVAK found no questions or comments and solicited a motion. 4:46:43 PM SENATOR MICCICHE moved to report SB 29, work order 32-LS0279\A, from committee with individual recommendations and attached fiscal note(s). CHAIR REVAK announced that without objection, SB 29 was reported from the Senate Resources Standing Committee.