2012-02-29                     House Journal                      Page 1731
HB 289                                                                                                                        
The Resources Committee considered:                                                                                             
                                                                                                                                
    HOUSE BILL NO. 289                                                                                                          
    "An Act relating to a gas storage facility; relating to the tax credit                                                      
    for a gas storage facility; relating to the powers and duties of the                                                        
    Alaska Oil and Gas Conservation Commission; relating to the                                                                 
    regulation of natural gas storage as a utility; relating to the powers                                                      
    and duties of the director of the division of lands and to lease fees                                                       
    for a gas storage facility on state land; and providing for an                                                              
    effective date."                                                                                                            
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 289(RES)                                                                                              
    "An Act relating to an above-ground liquefied natural gas storage                                                           
    facility; relating to the tax credit for an investment in an above-                                                         
    ground liquefied natural gas storage facility; relating to the                                                              
    regulation of gas storage as a utility; relating to the powers and                                                          
    duties of the director of the division of lands and to lease fees for a                                                     
    liquefied natural gas storage facility on state land; and providing                                                         
    for an effective date."                                                                                                     
                                                                                                                                
The report was signed by Representatives Feige and Seaton, Co-                                                                  
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (5):  Munoz, Foster, P. Wilson, Dick, Seaton                                                                            
                                                                                                                                
No recommendation (3):  Gardner, Herron, Feige                                                                                  
                                                                                                                                
Amend (1):  Kawasaki                                                                                                            
                                                                                                                                
The following fiscal note(s) apply to CSHB 289(RES):                                                                            
                                                                                                                                

2012-02-29                     House Journal                      Page 1732
1.  Zero, Dept. of Administration                                                                                               
2.  Zero, Dept. of Commerce, Community, & Economic Development                                                                  
3.  Indeterminate, Dept. of Natural Resources                                                                                   
4.  Indeterminate, Dept. of Natural Resources                                                                                   
5.  Indeterminate, Dept. of Revenue                                                                                             
                                                                                                                                
HB 289 was referred to the Finance Committee.