2005-05-08                     Senate Journal                      Page 1486
HB 286                                                                                            
SENATE CS FOR HOUSE BILL NO. 286(RES) "An Act amending                                              
the manner of determining the royalty received by the state on gas                                  
production by directing the commissioner of natural resources to                                    
accept, under certain circumstances, the transfer price of the gas if                               
established by transfer price order of the Regulatory Commission of                                 
Alaska; extending and amending the requirements applicable to the                                   
credit that may be claimed for certain oil and gas exploration expenses                             
incurred in Cook Inlet against oil and gas properties production                                    
(severance) taxes, and amending the credit against those taxes for                                  
certain exploration expenditures from leases or properties in the state;                            
and providing for an effective date" was engrossed, signed by the                                   
President and Secretary and returned to the House for consideration.