2010-03-22                     House Journal                      Page 1812
HB 280                                                                                                                        
The Finance Committee considered:                                                                                               
                                                                                                                                
    HOUSE BILL NO. 280                                                                                                          
    "An Act relating to natural gas; relating to a gas storage facility;                                                        
    relating to the Regulatory Commission of Alaska; relating to the                                                            
    participation by the attorney general in a matter involving the                                                             
    approval of a rate or a gas supply contract; relating to an income                                                          
    tax credit for a gas storage facility; relating to oil and gas                                                              
    production tax credits; relating to the powers and duties of the                                                            
    Alaska Oil and Gas Conservation Commission; relating to                                                                     
    production tax credits for certain losses and expenditures,                                                                 
    including exploration expenditures; relating to the powers and                                                              
    duties of the director of the division of lands and to lease fees for                                                       
    the storage of gas on state land; and providing for an effective                                                            
    date."                                                                                                                      
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 280(FIN)                                                                                              
    "An Act relating to a gas storage facility; relating to the                                                                 
    Regulatory Commission of Alaska; relating to the participation by                                                           
    the attorney general in a matter involving the approval of a rate or                                                        
    a gas supply contract; relating to an income tax credit for a gas                                                           
    storage facility; relating to oil and gas production tax credits;                                                           
    relating to the powers and duties of the Alaska Oil and Gas                                                                 
    Conservation Commission; relating to production tax credits for                                                             
    certain losses and expenditures, including exploration                                                                      
    expenditures; relating to the powers and duties of the director of                                                          

2010-03-22                     House Journal                      Page 1813
    the division of lands and to lease fees for a gas storage facility on                                                       
    state land; and providing for an effective date."                                                                           
                                                                                                                                
The report was signed by Representatives Stoltze and Hawker, Co-                                                                
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (9):  Austerman, Fairclough, Kelly, N. Foster, Doogan,                                                                  
Thomas, Joule, Stoltze, Hawker                                                                                                  
                                                                                                                                
Amend (1):  Gara                                                                                                                
                                                                                                                                
The following fiscal note(s) apply to CSHB 280(FIN):                                                                            
                                                                                                                                
1.  Zero, Dept. of Administration                                                                                               
2.  Zero, Dept. of Commerce, Community, & Economic Development                                                                  
3.  Indeterminate, Dept. of Natural Resources                                                                                   
Fiscal note(s) forthcoming.                                                                                                     
                                                                                                                                
HB 280 was referred to the Rules Committee for placement on the                                                                 
calendar.