2006-06-05                     Senate Journal                      Page 3567
SB 2004                                                                                           
The Senate Special Committee on Natural Gas Development                                             
considered SENATE BILL NO. 2004 "An Act relating to the Alaska                                      
Stranded Gas Development Act, including clarifications or provision                                 
of additional authority for the development of stranded gas fiscal                                  
contract terms; making a conforming amendment to the Revised                                        
Uniform Arbitration Act; relating to municipal impact money received                                
under the terms of a stranded gas fiscal contract; and providing for an                             
effective date" and recommended it be replaced with                                                 

2006-06-05                     Senate Journal                      Page 3568
          CS FOR SENATE BILL NO. 2004(NGD) "An Act                                                  
          relating to the Alaska Stranded Gas Development                                           
          Act, including clarifications or provision of                                             
          additional authority for the development of stranded                                      
          gas fiscal contract terms; making a conforming                                            
          amendment to the Revised Uniform Arbitration Act;                                         
          relating to municipal impact money received under                                         
          the terms of a stranded gas fiscal contract; relating to                                  
          determination of full and true value of property and                                      
          required contributions for education in municipalities                                    
          affected by stranded gas fiscal contracts; and                                            
          providing for an effective date."                                                         
                                                                                                    
Signing do pass: Senator Seekins, Chair; Senators Stedman, Ben                                      
Stevens, Wilken, Green, Bunde. Signing do not pass: Senator Elton.                                  
Signing no recommendation: Senators Hoffman, Kookesh. Signing                                       
amend: Senators Olson, Dyson, Wagoner.                                                              
                                                                                                    
The following fiscal information was published today:                                               
 Fiscal Note No. 3, indeterminate, Department of Natural                                            
       Resources                                                                                    
                                                                                                    
The bill is on today's calendar.                                                                    
SB 2004                                                                                           
SENATE BILL NO. 2004 "An Act relating to the Alaska Stranded                                        
Gas Development Act, including clarifications or provision of                                       
additional authority for the development of stranded gas fiscal contract                            
terms; making a conforming amendment to the Revised Uniform                                         
Arbitration Act; relating to municipal impact money received under                                  
the terms of a stranded gas fiscal contract; and providing for an                                   
effective date" was read the second time.                                                           
                                                                                                    
                                                                                                    
                                                                                                    
                                                                                                    

2006-06-05                     Senate Journal                      Page 3569
Senator Seekins, Chair, moved and asked unanimous consent for the                                   
adoption of the Senate Special Committee on Natural Gas                                             
Development Committee Substitute offered on page 3568. Without                                      
objection, CS FOR SENATE BILL NO. 2004(NGD) "An Act relating                                        
to the Alaska Stranded Gas Development Act, including clarifications                                
or provision of additional authority for the development of stranded                                
gas fiscal contract terms; making a conforming amendment to the                                     
Revised Uniform Arbitration Act; relating to municipal impact money                                 
received under the terms of a stranded gas fiscal contract; relating to                             
determination of full and true value of property and required                                       
contributions for education in municipalities affected by stranded gas                              
fiscal contracts; and providing for an effective date" was adopted.                                 
                                                                                                    
President Stevens stated CS FOR SENATE BILL NO. 2004(NGD)                                           
will be on the June 6 calendar.