2024-04-09                     House Journal                      Page 2115
HB 388                                                                                                                        
The Resources Committee considered:                                                                                             
                                                                                                                                
                                                                                                                                

2024-04-09                     House Journal                      Page 2116
     HOUSE BILL NO. 388                                                                                                         
     "An Act relating to state loans for oil and gas projects in the Cook                                                       
     Inlet sedimentary basin; relating to the Alaska Energy Authority;                                                          
     relating to the Alaska Industrial Development and Export                                                                   
     Authority; and providing for an effective date."                                                                           
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
     CS FOR HOUSE BILL NO. 388(RES)                                                                                             
     "An Act relating to state loans for oil and gas development                                                                
     projects in the Cook Inlet sedimentary basin; relating to the                                                              
     creation of subsidiaries by the Alaska Industrial Development and                                                          
     Export Authority; relating to the Cook Inlet reserve-based lending                                                         
     fund and the payment of dividends from the fund; relating to a                                                             
     report to the legislature related to oil and gas development projects                                                      
     in the Cook Inlet sedimentary basin; and providing for an effective                                                        
     date."                                                                                                                     
                                                                                                                                
The report was signed by Representative McKay, Chair, with the                                                                  
following individual recommendations:                                                                                           
                                                                                                                                
Do pass (4):  McCabe, Saddler, Wright, McKay                                                                                    
                                                                                                                                
No recommendation (3):  Mears, Armstrong, Dibert                                                                                
                                                                                                                                
The following fiscal note(s) apply to CSHB 388(RES):                                                                            
                                                                                                                                
1.  Zero, Dept. of Commerce, Community, & Economic Development                                                                  
2.  Zero, Dept. of Commerce, Community, & Economic Development                                                                  
                                                                                                                                
HB 388 was referred to the Finance Committee.