Legislature(2023 - 2024)SENATE FINANCE 532
04/17/2024 09:00 AM Senate FINANCE
Note: the audio ![]()
and video ![]()
recordings are distinct records and are obtained from different sources. As such there may be key differences between the two. The audio recordings are captured by our records offices as the official record of the meeting and will have more accurate timestamps. Use the icons to switch between them.
| Audio | Topic |
|---|---|
| Start | |
| SB151 | |
| SB259 | |
| SB118 | |
| SB236 | |
| SCR10 | |
| SB183 | |
| SB189 | |
| SB205 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| *+ | HB 268 | TELECONFERENCED | |
| *+ | HB 270 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
| += | SB 151 | TELECONFERENCED | |
| += | SB 259 | TELECONFERENCED | |
| += | SB 118 | TELECONFERENCED | |
| += | SB 236 | TELECONFERENCED | |
| += | SCR 10 | TELECONFERENCED | |
| += | SB 183 | TELECONFERENCED | |
| += | SB 189 | TELECONFERENCED | |
| += | SB 205 | TELECONFERENCED | |
SENATE BILL NO. 118
"An Act relating to critical and essential minerals
and the global energy transition."
9:23:19 AM
Co-Chair Stedman recounted that the committee had first
heard the bill on March 13, 2024, and too public testimony.
Senator Merrick MOVED to ADOPT proposed committee
substitute for SB 118, Work Draft 33-ls0706\U (Dunmire,
4/9/24).
Co-Chair Stedman OBJECTED for discussion.
9:24:04 AM
Mr. Alper discussed the changes to the bill proposed in the
CS for SB 118. He read from a Summary of Changes document
(copy on file):
Changes in Finance CS, Version "A" to "U" April 17,
2024 Change #1 Clarifies the legislative intent for a
strategic plan to encourage mineral development.
Change #2 Clarifies we're maintaining the state's
existing environmental standards.
Change #3 Adds Native corporations to the list of
entities that DNR will consult with in developing
their report.
Change #4 Removes references in the bill to a specific
list of minerals.
Change #5 Allows the Commerce report to be contracted
to ISER, which is intended to reduce the fiscal note.
Mr. Alper noted that there was an updated fiscal note from
the Department of Commerce, Community, and Economic
Development that reduced the cost associated with the bill
by $300,000.
Co-Chair Stedman WITHDREW his OBJECTION. There being NO
further OBJECTION, it was so ordered.
9:25:58 AM
Co-Chair Stedman asked Senator Merrick to provide a summary
of the bill.
Senator Merrick explained that the bill was intended to
help Alaska develop a strategic plan to develop essential
minerals in the state. She stated that currently the
country relies on adversarial nations to provide essential
minerals.
Co-Chair Stedman mentioned that "adversarial nations" did
not mean Canada.
Senator Merrick clarified that she was referring to China.
Senator Merrick MOVED to report CSSB 118(FIN) out of
Committee with individual recommendations and the
accompanying fiscal notes. There being NO OBJECTION, it was
so ordered.
CSSB 118(FIN) was REPORTED out of committee with four "do
pass" recommendations and with one "no recommendation"
recommendation, and with one new fiscal impact note from
the Department of Commerce, Community and Economic
Development, and one previously published fiscal impact
note: FN 1(DNR).