2012-04-02                     House Journal                      Page 2133
HB 289                                                                                                                        
The Finance 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(FIN)                                                                                              
    "An Act relating to a liquefied natural gas storage facility; relating                                                      
    to the tax credit for an investment in a liquefied natural gas                                                              

2012-04-02                     House Journal                      Page 2134
    storage facility; relating to the regulation of liquefied 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 liquefied                                                         
    natural gas storage facility on state land; and providing for an                                                            
    effective date."                                                                                                            
                                                                                                                                
The report was signed by Representatives Stoltze and Thomas, Co-                                                                
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (8):  Gara, T. Wilson, Guttenberg, Neuman, Costello,                                                                    
Doogan, Stoltze, Thomas                                                                                                         
                                                                                                                                
No recommendation (1):  Fairclough                                                                                              
                                                                                                                                
The following fiscal note(s) apply to CSHB 289(FIN):                                                                            
                                                                                                                                
6.   Zero, Dept. of Administration                                                                                              
7.   Zero, Dept. of Commerce, Community, & Economic Development                                                                 
8.   Indeterminate, Dept. of Natural Resources                                                                                  
9.   Indeterminate, Dept. of Revenue                                                                                            
10. Fiscal, Dept. of Natural Resources                                                                                          
                                                                                                                                
HB 289 was referred to the Rules Committee for placement on the                                                                 
calendar.