00HOUSE BILL NO. 488                                                                                                    
01 "An Act relating to the Alaska Royalty Oil and Gas Development Advisory                                                 
02 Board."                                                                                                                 
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
04    * Section 1.  AS 38.06.025(a) is amended to read:                                                                  
05  (a)  The board consists of the commissioner of commerce and economic                                                  
06 development; the commissioner of  community and regional affairs  [REVENUE]; the                                      
07 commissioner of natural resources, who is a nonvoting member; and  five  [THREE]                                      
08 public members.                                                                                                         
09    * Sec. 2.  AS 38.06.025(b) is amended to read:                                                                     
10  (b)  The  [EACH OF THE] public members shall [POSSESS EXPERIENCE IN                                                 
11 PETROLEUM-RELATED FIELDS IN SUCH AREAS AS EXPLORATION,                                                                  
12 DEVELOPMENT, PRODUCTION AND ECONOMICS, AND SHALL] be appointed                                                          
13 by the governor to serve at the pleasure of the governor for  five-year  [THREE-YEAR]                                 
14 staggered terms and confirmed by a vote of a majority of the members of the                                             

01 legislature in joint session.  The public members may not be state officers or                                          
02 employees.   Four of the public members may not be, nor have been in the past,                                         
03 employed by a person whose primary business is, or who owns a controlling                                               
04 interest in a corporation whose primary business is, the exploration for or                                             
05 development, production, transportation, sale, refining, or processing of petroleum                                     
06 products.  One of the public members shall possess experience in petroleum-                                             
07 related fields in such areas as exploration, development, production, and economics.                                   
08    * Sec. 3.  TRANSITIONAL PROVISIONS.  Notwithstanding the provisions of                                             
09 AS 38.06.025, as amended by secs. 1 and 2 of this Act, the three public members serving on                              
10 the Alaska Royalty Oil and Gas Development Advisory Board on the effective date of this Act                             
11 may continue to serve on the board for the remainder of the terms for which the members                                 
12 were appointed.  The governor shall appoint two additional public members, subject to                                   
13 confirmation by the legislature, to the board within 90 days after the effective date of this Act.                      
14 One of the additional public members shall serve a six-year term, and, notwithstanding the                              
15 provisions of AS 38.06.025(b), as amended by sec. 2 of this Act, the other additional public                            
16 member shall serve a seven-year term.  Neither may be, nor have been in the past, employed                              
17 by a person whose primary business is, or who owns a controlling interest in a corporation                              
18 whose primary business is, the exploration for or development, production, transportation, sale,                        
19 refining, or processing of petroleum products.