2002-04-10                     Senate Journal                      Page 2710
SB 360                                                                                            
SENATE BILL NO. 360 BY THE SENATE RESOURCES                                                         
COMMITTEE, entitled:                                                                                
                                                                                                    
"An Act establishing additional requirements for the consideration of                               
applications under the Right-of-Way Leasing Act for an Alaska North                                 
Slope natural gas project, authorizing expeditious priority treatment of                            
all applications under that Act and under other relevant state laws for                             
issuance of a right-of-way lease for that project, authorizing the                                  

2002-04-10                     Senate Journal                      Page 2711
commissioner of natural resources to act to modify the terms of certain                             
state oil and gas leases related to the project and to act, with legislative                        
approval, to waive, reduce, or defer the collection of royalties due the                            
state, and authorizing the commissioner of revenue to act, with                                     
legislative approval, to waive, reduce, or defer the levy and collection                            
of taxes by the state and municipalities under the oil and gas                                      
exploration, production, and pipeline transportation property tax                                   
related to the project, authorizing the Alaska Railroad Corporation to                              
provide financing for the acquisition, construction, improvement,                                   
maintenance, equipping, operation, or expansion of the project and                                  
related facilities for the transportation of natural gas within and outside                         
the state by others and the corporation's issuance of its bonds to                                  
finance the project and facilities, and limiting consideration of judicial                          
challenges to decisions made with respect to that project under this                                
Act; and providing for an effective date."                                                          
                                                                                                    
was read the first time and referred to the Resources and Finance                                   
Committees.