00HOUSE BILL NO. 488 am                                                                                                 
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 five years, employed by a person whose primary business is, or who owns a                                               
04 controlling interest in a corporation whose primary business is, the exploration                                        
05 for or development, production, transportation, sale, refining, or processing of                                        
06 petroleum products.  One of the public members shall possess experience in                                              
07 petroleum-related fields in such areas as exploration, development, production,                                         
08 or economics.                                                                                                          
09    * Sec. 3.  TRANSITIONAL PROVISIONS.  Notwithstanding the provisions of                                             
10 AS 38.06.025, as amended by secs. 1 and 2 of this Act, the three public members serving on                              
11 the Alaska Royalty Oil and Gas Development Advisory Board on the effective date of this Act                             
12 may continue to serve on the board for the remainder of the terms for which the members                                 
13 were appointed.  The governor shall appoint two additional public members, subject to                                   
14 confirmation by the legislature, to the board within 90 days after the effective date of this Act.                      
15 One of the additional public members shall serve a six-year term, and, notwithstanding the                              
16 provisions of AS 38.06.025(b), as amended by sec. 2 of this Act, the other additional public                            
17 member shall serve a seven-year term.  Neither may be, nor have been in the past five years,                            
18 employed by a person whose primary business is, or who owns a controlling interest in a                                 
19 corporation whose primary business is, the exploration for or development, production,                                  
20 transportation, sale, refining, or processing of petroleum products.