05/12/1999 06:15 PM House FIN

CS FOR SENATE BILL NO. 134(RLS)                                                                                                 
                                                                                                                                
"An Act authorizing the Alaska Oil and Gas Conservation                                                                         
Commission to determine the amount of and to collect a                                                                          
charge for operating wells subject to the commission's                                                                          
jurisdiction, and to allocate expenses of investigation                                                                         
and hearing; authorizing the commission to employ                                                                               
additional professional staff; repealing the oil and                                                                            
gas conservation tax; and providing for an effective                                                                            
date."                                                                                                                          
                                                                                                                                
Mr. Tibbles discussed a proposed fiscal note for SB 134 by                                                                      
the Department of Administration (copy on file). The fiscal                                                                     
note includes $147 thousand dollars for lease costs and                                                                         
$321.9 thousand capital dollars for moving costs. Mr. Carter                                                                    
explained that the money is needed for additional staff.                                                                        
                                                                                                                                
(Tape Change, HFC 99 - 133, Side 1)                                                                                             
                                                                                                                                
Mr. Carter explained that there are no positions directly                                                                       
tied to the oil and gas conservation tax.                                                                                       
                                                                                                                                
Representative Foster MOVED to report HCS CSSB 133 (FIN) out                                                                    
of Committee with the accompanying fiscal notes. There being                                                                    
NO OBJECTION, it was so ordered.                                                                                                
                                                                                                                                
CSSB 134(RLS) was REPORTED out of Committee with "no                                                                            
recommendation" and one new fiscal impact note by the                                                                           
Department of Administration, and one fiscal impact note by                                                                     
the Department of Revenue, published dated 4/23/99.