Legislature(2017 - 2018)
2018-05-12 Senate Journal
Full Journal pdf2018-05-12 Senate Journal Page 3119 HB 119 SENATE CS FOR CS FOR HOUSE BILL NO. 119(FIN) "An Act relating to a mandatory exemption from municipal property taxes for certain assets of the Alaska Industrial Development and Export Authority; relating to dividends from the Alaska Industrial Development and Export Authority; relating to the meanings of 'mark- to-market fair value,' 'net income,' 'project or development,' and 'unrestricted net income' for purposes of the Alaska Industrial Development and Export Authority; extending the expiration date of the authorization to finance and issue bonds through the Alaska Industrial Development and Export Authority for a liquefied natural 2018-05-12 Senate Journal Page 3120 gas production system and natural gas distribution system for an Interior energy project; relating to land of the Alaska Railroad Corporation; relating to the sale of Alaska Railroad Corporation land; relating to the financing and bonding authority of the Alaska Railroad Corporation; authorizing the exchange of land between the Alaska Railroad Corporation and Eklutna, Inc.; authorizing the transfer of land from the Alaska Railroad Corporation to the Municipality of Anchorage; authorizing the transfer of land from the Alaska Railroad Corporation to Usibelli Coal Mine, Inc.; authorizing the transfer of land in the Chena Landings Subdivision from the Alaska Railroad Corporation; authorizing the transfer of land from the Alaska Railroad Corporation to Alaska Tourism Development, LLC; authorizing the transfer of land from the Alaska Railroad Corporation to NeighborWorks Alaska; authorizing the transfer of land from the Alaska Railroad Corporation to 1048 Whitney Road, Anchorage, LLC; authorizing the transfer of land from the Alaska Railroad Corporation to 660 Western Drive, Anchorage, LLC; and providing for an effective date" was read the third time. Senator Micciche moved the bill be returned to second reading. Without objection, the bill was returned to second reading. Senators Coghill, Bishop offered Amendment No. 1 : Page 11, line 24: Delete "12.597" Insert "77.318" Page 11, lines 25 - 27: Delete "Chena Landings Subdivision described as Tract 4 and Tract 5, Chena Landings Subdivision, recorded as Plat 2000-31 in the Fairbanks Recording District, to purchasers of individual lots" Insert "Alaska Railroad Fairbanks Terminal Reserve, within Section 9, Township 1 South, Range 1 West, Fairbanks Meridian, described as Tracts 1 - 10, Chena Landings Subdivision, recorded as Plat 2000-31 in the Fairbanks Recording District" Page 11, lines 28 - 30: Delete all material. 2018-05-12 Senate Journal Page 3121 Reletter the following subsections accordingly. Senator Coghill moved for the adoption of Amendment No. 1. Senator Gardner objected, then withdrew her objection. There being no further objection, Amendment No. 1 was adopted. Senator MacKinnon moved and asked unanimous consent the following fiscal information be adopted in lieu of the previously published fiscal information (page 3095): Fiscal Note No. 5, zero, Department of Commerce, Community and Economic Development Fiscal Note No. 6, zero, Department of Education and Early Development Fiscal Note No. 7, Department of Education and Early Development Without objection, the fiscal information was adopted. SENATE CS FOR CS FOR HOUSE BILL NO. 119(FIN) am S was automatically in third reading. The question being: "Shall SENATE CS FOR CS FOR HOUSE BILL NO. 119(FIN) am S "An Act relating to a mandatory exemption from municipal property taxes for certain assets of the Alaska Industrial Development and Export Authority; relating to dividends from the Alaska Industrial Development and Export Authority; relating to the meanings of 'mark-to-market fair value,' 'net income,' 'project or development,' and 'unrestricted net income' for purposes of the Alaska Industrial Development and Export Authority; extending the expiration date of the authorization to finance and issue bonds through the Alaska Industrial Development and Export Authority for a liquefied natural gas production system and natural gas distribution system for an Interior energy project; relating to land of the Alaska Railroad Corporation; relating to the sale of Alaska Railroad Corporation land; relating to the financing and bonding authority of the Alaska Railroad Corporation; authorizing the exchange of land between the Alaska Railroad Corporation and Eklutna, Inc.; authorizing the transfer of land from the Alaska Railroad Corporation to the Municipality of Anchorage; authorizing the transfer of land 2018-05-12 Senate Journal Page 3122 from the Alaska Railroad Corporation to Usibelli Coal Mine, Inc.; authorizing the transfer of land in the Chena Landings Subdivision from the Alaska Railroad Corporation; authorizing the transfer of land from the Alaska Railroad Corporation to Alaska Tourism Development, LLC; authorizing the transfer of land from the Alaska Railroad Corporation to NeighborWorks Alaska; authorizing the transfer of land from the Alaska Railroad Corporation to 1048 Whitney Road, Anchorage, LLC; authorizing the transfer of land from the Alaska Railroad Corporation to 660 Western Drive, Anchorage, LLC; and providing for an effective date" pass the Senate?" The roll was taken with the following result: SCS CSHB 119(FIN) am S Third Reading - Final Passage Effective Dates YEAS: 16 NAYS: 3 EXCUSED: 1 ABSENT: 0 Yeas: Begich, Bishop, Coghill, Costello, Egan, Gardner, Giessel, Hoffman, Kelly, MacKinnon, Meyer, Micciche, Olson, Stevens, von Imhof, Wielechowski Nays: Hughes, Shower, Wilson Excused: Stedman and so, SENATE CS FOR CS FOR HOUSE BILL NO. 119(FIN) am S passed the Senate. Senator Micciche moved and asked unanimous consent the vote on the passage of the bill be considered the vote on the effective date clauses. Without objection, it was so ordered and the bill was referred to the Secretary for engrossment.