04/06/2022 09:00 AM Senate FINANCE

SENATE BILL NO. 240                                                                                                           
                                                                                                                                
     "An  Act approving  and ratifying  the sale  of royalty                                                                    
     oil  by  the  State  of Alaska  to  Marathon  Petroleum                                                                    
     Supply and  Trading Company LLC;  and providing  for an                                                                    
     effective date."                                                                                                           
                                                                                                                                
9:05:35 AM                                                                                                                    
                                                                                                                                
Senator von  Imhof discussed the  fiscal note and  read from                                                                    
the analysis:                                                                                                                   
                                                                                                                                
     This bill  provides legislative approval of  a contract                                                                    
     negotiated  between the  State of  Alaska and  Marathon                                                                    
     Petroleum Supply  and Trading Company LLC  for the sale                                                                    
     of the state's  royalty oil for a term  of three years.                                                                    
     The agreement  provides for  the following  barrels per                                                                    
     day: 10,00015,000.                                                                                                         
     The  number  of barrels  per  day  is multiplied  by  a                                                                    
     negotiated Royalty  In Kind differential per  barrel to                                                                    
     arrive at the expected  revenue increase. There will be                                                                    
     no  fiscal impact  to the  operating expenditures.  The                                                                    
     proposed contract  is expected  to generate  between $3                                                                    
     million and $14 million in  revenues in addition to the                                                                    
     amount that  would have been  collected if  the royalty                                                                    
     oil sold  under this contract  had been disposed  of in                                                                    
     value.                                                                                                                     
                                                                                                                                
9:06:31 AM                                                                                                                    
                                                                                                                                
Senator  Wilson MOVED  to REPORT  SB 240  out of  committee.                                                                    
There being no objection it was so ordered.                                                                                     
                                                                                                                                
SB 240  was REPORTED out  of committee with three  "do pass"                                                                    
recommendations,  three "no  recommendation" recommendations                                                                    
and  with  one  previously  published  fiscal  impact  note:                                                                    
FN1(DNR).                                                                                                                       
                                                                                                                                
^GOVERNOR'S   CONFIRMATION:  ALASKA   MENTAL  HEALTH   TRUST                                                                  
AUTHORITY (AMHTA): AGNES MORAN                                                                                                
                                                                                                                                
9:07:24 AM                                                                                                                    
                                                                                                                                
AGNES   MORAN,  APPOINTEE,   ALASKA   MENTAL  HEALTH   TRUST                                                                    
AUTHORITY (AMHTA) (via  teleconference), introduced herself.                                                                    
She offered  information on her  education and  early career                                                                    
choices. She spoke  of various boards she  had been involved                                                                    
with. She relayed information about  her family. She related                                                                    
that she had worked with  trust beneficiaries in a voluntary                                                                    
capacity for  a decade. She shared  different experiences in                                                                    
her  volunteer  history.  She  provided  a  history  of  her                                                                    
experience  revitalizing  the  Women in  Safe  Homes  (WISH)                                                                    
program  in Ketchikan.  She stressed  her strong  connection                                                                    
with the mission of the AMHTA board of trustees.                                                                                
                                                                                                                                
9:11:19 AM                                                                                                                    
                                                                                                                                
Co-Chair Stedman  applauded the  work done  by Ms.  Moran in                                                                    
relation to  WISH in Ketchikan.  He believed  her background                                                                    
in  banking and  business would  also be  beneficial to  the                                                                    
board. He supported her nomination.                                                                                             
                                                                                                                                
Senator von Imhof thanked Ms. Moran for her work with WISH.                                                                     
                                                                                                                                
9:14:20 AM                                                                                                                    
                                                                                                                                
Co-Chair Bishop OPENED and CLOSED public testimony.                                                                             
                                                                                                                                
9:14:45 AM                                                                                                                    
                                                                                                                                
Senator Wilson  wondered whether she had  attended any trust                                                                    
board meetings.                                                                                                                 
                                                                                                                                
9:14:53 AM                                                                                                                    
                                                                                                                                
Ms. Moran replied that she had not.                                                                                             
                                                                                                                                
9:15:01 AM                                                                                                                    
                                                                                                                                
Senator Wielechowski  moved to FORWARDED the  appointment of                                                                    
Agnes  Moran for  consideration  in  accordance with  Alaska                                                                    
Statute. He relayed  that this did not reflect  an intent by                                                                    
any member  of the Senate  Finance Committee to vote  for or                                                                    
against  the  confirmation  of the  individuals  during  any                                                                    
further  sessions.  There  being  NO OBJECTION,  it  was  so                                                                    
ordered.                                                                                                                        
                                                                                                                                
Co-Chair Bishop FORWARDED the appointment of Agnes Moran                                                                        
for consideration in accordance with Alaska Statute.                                                                            
                                                                                                                                
9:15:47 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
9:17:20 AM                                                                                                                    
RECONVENED