2011-01-19                     Senate Journal                      Page 0046
I look forward to working with the Legislature to finalize the mental                                                           
health budget for the upcoming fiscal year.                                                                                     
                                                                                                                                
Sincerely,                                                                                                                      
/s/                                                                                                                             
Sean Parnell                                                                                                                    
Governor                                                                                                                        
                                                                                                                                
SB 49                                                                                                                         
SENATE BILL NO. 49 BY THE SENATE RULES COMMITTEE                                                                                
BY REQUEST OF THE GOVERNOR, entitled:                                                                                           
                                                                                                                                
          "An Act relating to the interest rate applicable to                                                                   
          certain amounts due for fees, taxes, and payments                                                                     
          made and property delivered to the Department of                                                                      
          Revenue; relating to the oil and gas production tax                                                                   
          rate; relating to monthly installment payments of                                                                     
          estimated oil and gas production tax; relating to oil                                                                 
          and gas production tax credits for certain                                                                            
          expenditures, including qualified capital credits for                                                                 
          exploration, development, and production; relating to                                                                 
          the limitation on assessment of oil and gas production                                                                
          taxes; relating to the determination of oil and gas                                                                   
          production tax values; making conforming                                                                              
          amendments; and providing for an effective date."                                                                     
                                                                                                                                
was read the first time and referred to the Resources and Finance                                                               
Committees.                                                                                                                     
                                                                                                                                
The following fiscal information was published today:                                                                           
 Fiscal Note No. 1, Department of Revenue                                                                                       
 Fiscal Note No. 2, zero, Department of Natural Resources                                                                       
                                                                                                                                
Governor's transmittal letter dated January 17:                                                                                 
                                                                                                                                
Dear President Stevens:                                                                                                         
                                                                                                                                
Oil production in Alaska remains the backbone of our economy. As oil                                                            
production declines and as the federal government forbids multiple                                                              
development opportunities we must better incentivize development of