03/22/2024 01:00 PM House RESOURCES
| Audio | Topic |
|---|---|
| Start | |
| HB295 | |
| HB387 | |
| HB388 | |
| Adjourn |
+ teleconferenced
= bill was previously heard/scheduled
| * | HB 388 | ||
| += | HB 295 | TELECONFERENCED | |
| += | HB 349 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
| += | HB 387 | TELECONFERENCED | |
ALASKA STATE LEGISLATURE
HOUSE RESOURCES STANDING COMMITTEE
March 22, 2024
1:13 p.m.
DRAFT
MEMBERS PRESENT
Representative Tom McKay, Chair
Representative George Rauscher, Vice Chair
Representative Kevin McCabe
Representative Stanley Wright
Representative Donna Mears
Representative Maxine Dibert
MEMBERS ABSENT
Representative Thomas Baker
Representative Dan Saddler
Representative Jennie Armstrong
COMMITTEE CALENDAR
HOUSE BILL NO. 295
"An Act relating to salmon hatchery permits; and authorizing the
sale of salmon to permitted persons for stocking lakes."
- HEARD & HELD
HOUSE BILL NO. 387
"An Act relating to a tax credit for certain oil and gas
equipment in the Cook Inlet sedimentary basin; and providing for
an effective date."
- MOVED CSHB 387(RES) OUT OF COMMITTEE
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."
- HEARD & HELD
PREVIOUS COMMITTEE ACTION
BILL: HB 295
SHORT TITLE: SALMON HATCHERY PERMITS
SPONSOR(s): RULES BY REQUEST OF THE GOVERNOR
01/26/24 (H) READ THE FIRST TIME - REFERRALS
01/26/24 (H) FSH
02/06/24 (H) FSH AT 10:00 AM GRUENBERG 120
02/06/24 (H) Scheduled but Not Heard
02/20/24 (H) FSH AT 10:00 AM GRUENBERG 120
02/20/24 (H) -- MEETING CANCELED --
02/27/24 (H) FSH AT 10:00 AM GRUENBERG 120
02/27/24 (H) Heard & Held
02/27/24 (H) MINUTE(FSH)
03/05/24 (H) FSH AT 10:00 AM GRUENBERG 120
03/05/24 (H) <Bill Hearing Canceled>
03/07/24 (H) FSH AT 10:00 AM GRUENBERG 120
03/07/24 (H) Moved CSHB 295(FSH) Out of Committee
03/07/24 (H) MINUTE(FSH)
03/11/24 (H) FSH RPT CS(FSH) NEW TITLE 4DP 3NR
03/11/24 (H) DP: CARPENTER, STUTES, MCCABE, VANCE
03/11/24 (H) NR: C.JOHNSON, HIMSCHOOT, MCCORMICK
03/13/24 (H) RES REFERRAL ADDED AFTER FSH
03/18/24 (H) RES AT 1:00 PM BARNES 124
03/18/24 (H) -- MEETING CANCELED --
03/20/24 (H) RES AT 1:00 PM BARNES 124
03/20/24 (H) Heard & Held
03/20/24 (H) MINUTE(RES)
03/22/24 (H) RES AT 1:00 PM BARNES 124
BILL: HB 387
SHORT TITLE: OIL & GAS TAX CREDIT: JACK-UP RIG
SPONSOR(s): RESOURCES
02/26/24 (H) READ THE FIRST TIME - REFERRALS
02/26/24 (H) RES, FIN
03/06/24 (H) RES AT 1:00 PM BARNES 124
03/06/24 (H) Heard & Held
03/06/24 (H) MINUTE(RES)
03/08/24 (H) RES AT 1:00 PM BARNES 124
03/08/24 (H) Heard & Held
03/08/24 (H) MINUTE(RES)
03/13/24 (H) RES AT 1:00 PM BARNES 124
03/13/24 (H) Heard & Held
03/13/24 (H) MINUTE(RES)
03/15/24 (H) RES AT 1:00 PM BARNES 124
03/15/24 (H) <Bill Hearing Canceled>
03/18/24 (H) RES AT 1:00 PM BARNES 124
03/18/24 (H) -- MEETING CANCELED --
03/22/24 (H) RES AT 1:00 PM BARNES 124
BILL: HB 388
SHORT TITLE: COOK INLET RESERVE-BASED LENDING
SPONSOR(s): RESOURCES
02/26/24 (H) READ THE FIRST TIME - REFERRALS
02/26/24 (H) RES, ENE, FIN
02/28/24 (H) ENE REFERRAL REMOVED
03/06/24 (H) RES AT 1:00 PM BARNES 124
03/06/24 (H) <Bill Hearing Rescheduled to 03/11/24>
03/08/24 (H) RES AT 1:00 PM BARNES 124
03/08/24 (H) <Bill Hearing Canceled>
03/11/24 (H) RES AT 1:00 PM BARNES 124
03/11/24 (H) <Bill Hearing Canceled>
03/20/24 (H) RES AT 1:00 PM BARNES 124
03/20/24 (H) <Bill Hearing Canceled>
03/22/24 (H) RES AT 1:00 PM BARNES 124
WITNESS REGISTER
ALBERT SMITH, Mayor
Metlakatla Indian Community
Annette Island Indian Reservation, Alaska
POSITION STATEMENT: Testified for changes to be made to CSHB
295(FSH).
NANCY HILLSTRAND, Owner
Pioneer Alaskan Fisheries
Coal Point Trading
Seldovia, Alaska
POSITION STATEMENT: Testified for changes to be made to CSHB
295(FSH).
GALE VICK, representing self
Fairbanks, Alaska
POSITION STATEMENT: Testified in opposition to CSHB 295(FSH).
ALAN PARKS, representing self
Homer, Alaska
POSITION STATEMENT: Testified in opposition to CSHB 295(FSH).
MIKE KRAMER, representing self
Fairbanks, Alaska
POSITION STATEMENT: Testified in opposition to CSHB 295(FSH).
SHANNON MARTIN, Executive Director
Kenai River Sportfishing Association
Soldotna, Alaska
POSITION STATEMENT: Testified in opposition to CSHB 295(FSH).
TERVOR JEPSEN, Staff
Representative Thomas McKay
Alaska State Legislature
Juneau, Alaska
POSITION STATEMENT: Presented HB 388 on behalf of the House
Resources Standing Committee, sponsor, on which Representative
McKay serves as chair.
ACTION NARRATIVE
1:13:32 PM
CHAIR MCKAY called the House Resources Standing Committee
meeting to order at 1:13 p.m. Representatives Dibert, Mears,
McCabe, McKay, and Rauscher were present at the call to order.
Representative Wright arrived as the meeting was in progress.
HB 295-SALMON HATCHERY PERMITS
1:14:47 PM
CHAIR MCKAY announced that the first order of business would be
HOUSE BILL NO. 295, "An Act relating to salmon hatchery permits;
and authorizing the sale of salmon to permitted persons for
stocking lakes." [Before the committee was CSHB 295(FSH).]
1:15:19 PM
CHAIR MCKAY opened public testimony on HB 295.
1:16:13 PM
ALBERT SMITH, Mayor, Metlakatla Indian Community, asked the
committee to consider amending CSHB 295(FSH) to have the
Metlakatla Indian Community qualify for the hatcheries revolving
loan funds. He explained that since the Annette Islands Indian
Reservation is a sovereign nation it does not align with the
principles of the reservation to secure a permit for the state
loan funds. He posited that since the hatchery that Metlakatla
maintains benefits all Southeast Alaska, it would be within the
state's fisheries enhancement goals to amend AS 16.10.510 to
expand the authorization of the loans to the Metlakatla Indian
Community.
1:18:56 PM
NANCY HILLSTRAND, Owner, Pioneer Alaskan Fisheries, Coal Point
Trading, requested for the committee to amend CSHB 295(FSH) to
remove Section 2, she attested that the intent of AS
16.10.440(b) was stated in March 1979 to clarify the Alaska
Board of Fisheries was to regulate salmon returning to the
waters of Alaska, and that rule extends to regulating those fish
that are returning as a result of releases from natural system
and hatcheries. She added there is a significant number of
vacant positions in the Alaska Department of Fish & Game and she
is worried about how the implementation of the bill would be
affected without providing more money and staffing. She
expressed concern over data collection and referred to a comment
made by the chief scientist at an Alaska Board of Fisheries,
Hatchery Committee meeting requesting an Academy of Sciences
Panel to avoid making piecemeal progress.
1:22:38 PM
GALE VICK, representing self, stated she opposed CSHB 295(FSH)
because the bill does not require private nonprofit (PNP)
hatchery fish sold to the public to be sterile. She emphasized
the potential for a non-sterile fish with different genetics to
the local population to be introduced to a wild stream.
1:25:05 PM
ALAN PARKS, representing self, concurred with the previous two
testimonies.
1:26:07 PM
MIKE KRAMER, representing self, said he is opposed to CSHB
295(FSH) and disagreed that the bill would clarify the
commissioner's authority over fish hatcheries. He referenced
two formal opinions from the Alaska attorney general that the
Board of Fisheries has the authority to regulate egg take and
harvest areas for hatcheries. He additionally opposed extending
the loan program due to many PNP hatcheries being in debt.
1:29:19 PM
SHANNON MARTIN, Executive Director, Kenai River Sportfishing
Association, stated the association was opposed to CSHB 295(FSH)
due to the introduction of the word "wild" into AS 16.10.440(b)
which would remove the power of the Board of Fisheries to
regulate hatchery egg take and release levels. She emphasized
that the Board of Fisheries gives the public a valuable platform
to influence regulation and provide transparency. She cited a
memo from the Department of Law, which read as follows:
"The department and the Board share regulatory
authority over private, nonprofit hatcheries.
Although primary responsibility over permitting and
the administration of the hatchery program rests with
the department, the Board has substantial, indirect
control over hatchery production by virtue of its
regulatory authority to amend hatchery permits with
respect to special harvest areas, the harvest of brood
stock, and cost-recovery fish."
1:31:26 PM
CHAIR MCKAY closed public testimony on CSHB 295(FSH).
CHAIR MCKAY announced CSHB 295(FSH) was held over.
1:31:56 PM
The committee took an at-ease from 1:31 p.m. to 1:37 p.m.
HB 387-OIL & GAS TAX CREDIT: JACK-UP RIG
1:37:57 PM
CHAIR MCKAY announced that the next order of business would be
HOUSE BILL NO. 387, "An Act relating to a tax credit for certain
oil and gas equipment in the Cook Inlet sedimentary basin; and
providing for an effective date." [Before the committee was
CSHB 387(RES).]
1:38:18 PM
REPRESENTATIVE MEARS moved to adopt Amendment 1 to CSHB
387(RES), labeled 33-LS1282\S.2, Nauman, 3/14/24, which read:
Page 1, line 2, following "basin;":
Insert "repealing certain credits against the oil and
gas production tax;"
Page 2, following line 11:
Insert a new bill section to read:
"* Sec. 2. AS 43.55.025(a)(5) and 43.55.025(l) are
repealed."
Renumber the following bill section accordingly.
CHAIR MCKAY objected for the purpose of discussion.
1:39:00 PM
REPRESENTATIVE MEARS explained that Amendment 1 would remove
language referring to the previous program to prevent confusion.
1:39:21 PM
CHAIR MCKAY removed his objection. There being no further
objection, Amendment 1 was adopted.
1:39:35 PM
REPRESENTATIVE MEARS moved to adopt Amendment 2 to CSHB
387(RES), labeled 33-LS1282\S.3, Nauman, 3/14/24, which read:
Page 1, line 2, following "basin;":
Insert "relating to disclosure of information related
to oil and gas production taxes;"
Page 1, following line 3:
Insert a new bill section to read:
"* Section 1. AS 43.55.890 is amended to read:
Sec. 43.55.890. Disclosure of tax information.
Notwithstanding any contrary provision of AS 40.25.100
or AS 43.05.230, [AND REGARDLESS OF WHETHER THE
INFORMATION IS CONSIDERED UNDER AS 43.05.230(E) TO
CONSTITUTE STATISTICS CLASSIFIED TO PREVENT THE
IDENTIFICATION OF PARTICULAR RETURNS OR REPORTS,] the
department shall make publicly available [MAY PUBLISH]
the following information under this chapter, [IF
AGGREGATED AMONG THREE OR MORE PRODUCERS OR
EXPLORERS,] showing by month or calendar year and by
lease or property, unit, or area of the state:
(1) the amount of oil or gas production;
(2) the amount of taxes levied under this chapter or
paid under this chapter;
(3) the effective tax rates under this chapter;
(4) the gross value of oil or gas at the point of
production;
(5) the transportation costs for oil or gas;
(6) qualified capital expenditures, as defined in
AS 43.55.023;
(7) exploration expenditures under AS 43.55.025;
(8) production tax values of oil or gas under
AS 43.55.160;
(9) lease expenditures under AS 43.55.165;
(10) adjustments to lease expenditures under
AS 43.55.170;
(11) tax credits applicable or potentially applicable
against taxes levied by this chapter."
Page 1, line 4:
Delete "Section 1"
Insert "Sec. 2"
Renumber the following bill section accordingly.
Page 2, following line 11:
Insert a new bill section to read:
"* Sec. 3. The uncodified law of the State of
Alaska is amended by adding a new section to read:
APPLICABILITY. AS 43.55.890, as amended by sec. 1 of
this Act, applies to information collected on or after
the effective date of sec. 1 of this Act."
Renumber the following bill section accordingly.
CHAIR MCKAY objected for the purpose of discussion.
1:39:43 PM
REPRESENTATIVE MEARS explained that Amendment 2 would require
more fiscal accountability for jackup rigs' performance.
1:40:41 PM
CHAIR MCKAY stated dislike to Amendment 2 and removed his
objection to Amendment 2.
1:41:26 PM
REPRESENTATIVE MCCABE objected.
A roll call vote was taken. Representatives Dibert and Mears
voted in favor of Amendment 2 to CSHB 387(RES). Representatives
McCabe, Rauscher, Wright, and McKay voted against it.
Therefore, Amendment 2 to CSHB 387(RES) failed by a vote of 2-4.
1:42:43 PM
REPRESENTATIVE RAUSCHER moved to report CSHB 387(RES), as
amended, out of committee with individual recommendations and
the accompanying fiscal notes. There being no objection, CSHB
387(RES) was reported out of the House Resources Standing
Committee.
1:43:31 PM
The committee took an at-ease from 1:43 p.m. to 1:46 p.m.
HB 388-COOK INLET RESERVE-BASED LENDING
1:46:45 PM
CHAIR MCKAY announced that the next order of business would be
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."
1:47:12 PM
TERVOR JEPSEN, Staff, Representative Thomas McKay, Alaska State
Legislature, presented HB 388 on behalf of the House Resources
Standing Committee, sponsor, on which Representative McKay
serves as chair. He began the PowerPoint presentation [hard
copy included in committee packet] on slide 2, "Cook Inlet Gas
Shortage," and stated that a projected gas shortage in Cook
Inlet threatens the energy security of Southcentral Alaska, with
the earliest estimated shortfall being 2027. He declared that a
public poll taken in Southcentral Alaska in July 2023 expressed
a high level of opposition to importing natural gas unless
importing is cheaper than locally produced natural gas, and a
high level of support for incentives for oil and gas companies
to find and produce more Cook Inlet gas. He stated that both
ENSTAR Natural Gas Company and the Alaska Energy Authority (AEA)
project liquid natural gas (LNG) imports will be significantly
more expensive than locally produced Cook Inlet gas. He
referred to the figure in slide 2 depicting the predicted rising
fuel cost of coal, natural gas, LNG, and diesel and claimed that
HB 388 would invest in the Cook Inlet gas reserves for the
benefit of Alaskans. He opined why the private sector has not
invested in the Cook Inlet gas reserves due to the competitive
global market and Cook Inlet being a stranded gas market with a
cap on demand.
1:49:50 PM
MR. JEPSEN transitioned to slide 3, "Cook Inlet Gas: Private
Capital Attraction Issues," and discussed the reasons for the
hesitancy of private capital investing in Cook Inlet. He
alleged that financial institutions are confronted with
limitations to capital, counter party risks, and geopolitical
factors which require collaboration with entities that can
mitigate portions of these risks. He remarked on the unusuality
of the lack of private capital investment even though Cook Inlet
is a proven, highly probably reserve. He explained the lack of
investment is primarily due to Cook Inlet being a stranded gas
market with a cap on demand of roughly 70 billion cubic feet
(BCF) per year, which is a large disincentive toward investment
due to the reduced potential rate of return.
1:51:04 PM
MR. JEPSEN continued to slide 4, "Reserve-Based Lending (RBL),"
and explained that RBL is a financing mechanism tailored to
independent oil and gas companies that only engage in
exploration and production. He noted that Alaska contained two
unique independent oil and gas companies, ConocoPhillips Alaska,
Inc., which is the largest independent oil and gas company in
the world, and Hilcorp, which is the largest privately owned
independent oil and gas company in the world. He explained that
RBL is a "borrowing-base" type of loan based on the projected
net present value (NPV) of cash flows generated by the
underlying oil and gas assets, and the repayment of the loan
comes from the selling of oil and gas. He added that RBL is
characterized by a dynamic nature and the value can be
periodically adjusted to reflect shifts in underlying
assumptions, which serves as a "derisking" factor as the
changing market conditions can be reflected in the loan amount.
He asserted the RBL is a well-established financing method that
started in the U.S. and expanded globally with the primary
distinction being between the two markets being the ownership
rights of the oil and gas reserves, with Alaska resembling the
international market compared to the U.S. market. He clarified
that the state does not need to be the sole funder for RBL and
can share the financing with other entities.
1:54:18 PM
MR. JEPSEN moved to slide 5, "Reserve Classifications," and
described the difference between the deterministic and
probabilistic methods of classifying reserves. He explained
that the most common method is deterministic and calculates
reserves based on geology, technology, and economic conditions
and breaks the classification into three categories based on the
allowed degree of uncertainty. The probabilistic method takes
the inherent uncertainty of the calculations and provides a
range of values based on the probability distributions used. He
emphasized that the probabilistic method provides a
comprehensive view of the uncertainty and risk to make informed
decisions. He compared the similarity between the three levels
of deterministic method classification to the 90 percent, 50
percent, and 10 percent probability classifications of the
probability method.
1:56:27 PM
CHAIR MCKAY clarified the meaning of "oil behind pipe" as oil
and gas wells that have been drilled and cased that are ready to
be harvested and are classified as 90 percent probable to be
productive. He added that exploration is riskier because it is
around a 10 percent probability.
1:57:41 PM
The committee took an at-ease from 1:57 p.m. to 1:59 p.m.
1:59:11 PM
MR. JEPSEN remained on slide 5, "Reserve Classifications," and
recommended that a state-funded RBL program should focus only on
proven reserves to maximize the benefit to Alaska and minimize
the risk of state funds. He declared that the current version
of HB 388 does not explicitly designate proven reserves, but the
drafted committee substitute explicitly states that funds may
only be used for developing proven reserves. He added that AEA
is not included in the RBL program in the committee substitute.
2:00:23 PM
MR. JEPSEN transitioned to slide 6, "HB 388 - Cook Inlet
Reserve-Based Lending (Ver. A)," which read as follows [original
punctuation provided]:
Establishes Cook Inlet Reserve Based Lending funds
under both AIDEA and AEA
Does not specify any appropriation, simply creates the
fund allowing legislature flexibility to fund directed
projects
Funds may be used for reserve-based loans deemed
necessary to increase oil and gas production from the
Cook Inlet Sedimentary Basin
2:01:02 PM
MR. JEPSEN followed with slide 7, "HB 388 - Sectional Analysis
(Ver. A)," which read as follows [original punctuation
provided]:
Sec. 1: Establishes the Cook Inlet Reserve-Based
Lending Fund within the Alaska Energy Authority,
specifying its composition from appropriations by the
legislature.
Sec. 2: Establishes the Cook Inlet Reserve-Based
Lending Fund within the Alaska Industrial Development
and Export Authority, specifying its composition from
appropriations by the legislature.
Sec. 3: Provides for an immediate effective date.
2:01:20 PM
REPRESENTATIVE RAUSCHER said he heard that Hilcorp was looking
for investors and asked for clarification whether loans would be
what it was looking for.
2:01:47 PM
MR. JEPSEN stated this bill was put together with input from oil
and gas companies and that those companies would benefit from a
state-funded loan program.
2:02:04 PM
REPRESENTATIVE RAUSCHER asked whether the state would consider
the financials of the company taking out a loan.
2:02:35 PM
MR. JEPSEN affirmed that all factors considered when taking out
high capital loans would be the same with an RBL program and
added that Alaska Industrial Development and Export Authority
(AIDEA) would speak to the process at the next bill hearing.
2:02:58 PM
CHAIR MCKAY clarified that RBL programs are used in other
foreign countries similar to Alaska that own all mineral rights
and are usually paid back.
2:03:59 PM
REPRESENTATIVE MEARS recalled that AIDEA already has a loan
program and asked what the difference is between its current
system and a new RBL program.
2:04:38 PM
MR. JEPSEN answered that AIDEA can engage in bonding projects
but does not appear to be doing so and having the legislature
create an individual fund would encourage investment in Cook
Inlet. He added that the current AIDEA loans are only within
tens of millions of dollars while the Cook Inlet project would
require three to four hundred million dollars, and having
legislative oversight would be preferable.
2:05:38 PM
REPRESENTATIVE MEARS asked whether HB 388 would be capitalizing
the RBL program at hundreds of millions of dollars.
2:05:50 PM
MR. JEPSEN answered it would be up to the legislature but would
be an option with the fund.
2:06:21 PM
REPRESENTATIVE MEARS asked how much available funds AIDEA has
available.
2:06:39 PM
MR. JEPSEN replied that he did not have the exact number but
alleged that it was low hundreds of millions of dollars.
2:07:25 PM
REPRESENTATIVE RAUSHER moved to adopt the proposed committee
substitute (CS) for HB 388, [Version 33-LS1237\U, Nauman,
3/15/24], as the working document. There being no objection,
[Version U] was before the committee.
2:07:55 PM
MR. JEPSEN continued the presentation on slide 8, "CSHB 388(RES)
Summary of Changes," which read as follows [original
punctuation provided]:
Sec. 1: Removes the establishment of a Cook Inlet
reserve-based lending fund under AEA and replaces it
with a new section to AS 44.88 relating to reporting
requirements for AIDEA on the evaluation of Cook Inlet
oil and gas development projects which the authority
deems has the potential to increase oil and gas
production from the Cook Inlet sedimentary basin. The
report shall be delivered to the senate secretary and
chief clerk by the first day of each regular session.
Sec. 2: Amends section 2 of HB 388 version A by
removing the definition of "reserve-based loan" from
44.88.850(b).
Sec. 3: Adds a new section under 44.800.900 for
definitions of "oil and gas development project" and
"reserve-based loan".
Sec. 4: Same as section 3 in HB 388 version A.
2:09:48 PM
CHAIR MCKAY emphasized that Version U would not commit the state
to act and would only create regulatory and statutory framework
for AIDEA to analyze possible projects.
2:10:34 PM
REPRESENTATIVE MEARS clarified that Version U would provide the
legislature with a way of approving projects proposed by AIDEA
through approving the capitalization of funds.
2:11:21 PM
CHAIR MCKAY affirmed that is correct alongside the governor also
having to sign funding.
2:11:48 PM
MR. JEPSEN added that his office is discussing with AIDEA to
amend CSHB 388(RES) to allow it to involve this new fund with
its existing revolving fund.
2:12:20 PM
REPRESENTATIVE RAUSCHER asked whether the legislature gets
another fiscal note when loans go through AIDEA.
2:12:33 PM
MR. JEPSEN responded that there would not be an attached fiscal
note as funds would be appropriated through the operating
budget. He clarified that the legislature could fund these
projects already, but Version U would make AIDEA provide more
information on potential projects to make better decisions.
2:13:28 PM
REPRESENTATIVE RAUSCHER asked whether the committee had talked
to AIDEA.
CHAIR MCKAY answered that AIDEA would be testifying to provide
feedback on Version U.
2:13:36 PM
MR. JEPSEN clarified that AIDEA has been involved throughout HB
388 and has provided recommendations for a further committee
substitute.
2:13:52 PM
REPRESENTATIVE MEARS questioned why the original bill involved
AEA and why the proposed committee substitute would remove it.
2:14:07 PM
MR. JEPSEN explained that after discussing with both entities,
AIDEA appeared to be better equipped to administer an RBL
program due to the amount of revolving capital it has and what
it specializes in.
2:14:59 PM
CHAIR MCKAY announced that HB 388, Version U, was held over.
2:15:33 PM
ADJOURNMENT
There being no further business before the committee, the House
Resources Standing Committee meeting was adjourned at 2:15 p.m.
| Document Name | Date/Time | Subjects |
|---|---|---|
| HB 387 Am. Packet.pdf |
HRES 3/22/2024 1:00:00 PM |
HB 387 |
| HB 388 Sponsor Statement.pdf |
HRES 3/22/2024 1:00:00 PM |
HB 388 |
| HB 388 ver. A.pdf |
HRES 3/22/2024 1:00:00 PM |
HB 388 |
| HB 388 Sectional Analysis Version A.pdf |
HRES 3/22/2024 1:00:00 PM |
HB 388 |
| HB 388 Presentation (HRES).pdf |
HRES 3/22/2024 1:00:00 PM |
HB 388 |
| HB 388 Fiscal Note #1 DCCED-AEAREA.pdf |
HRES 3/22/2024 1:00:00 PM |
HB 388 |
| HB 388 Fiscal Note #2 DCCED-AIDEA.pdf |
HRES 3/22/2024 1:00:00 PM |
HB 388 |
| CSHB 388(RES) LS-1237U.pdf |
HRES 3/22/2024 1:00:00 PM |
HB 388 |
| CSHB 388(RES) LS-1237U Summary of Changes.pdf |
HRES 3/22/2024 1:00:00 PM |
HB 388 |