10/31/2015 01:00 PM Senate FINANCE

                 SENATE FINANCE COMMITTEE                                                                                       
                     October 31, 2015                                                                                           
                         1:05 p.m.                                                                                              
                                                                                                                                
                                                                                                                                
1:05:55 PM                                                                                                                    
                                                                                                                                
CALL TO ORDER                                                                                                                 
                                                                                                                                
Co-Chair MacKinnon called the Senate Finance Committee                                                                          
meeting to order at 1:05 p.m.                                                                                                   
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Senator Anna MacKinnon, Co-Chair                                                                                                
Senator Pete Kelly, Co-Chair                                                                                                    
Senator Peter Micciche, Vice-Chair (via teleconference)                                                                         
Senator Click Bishop                                                                                                            
Senator Mike Dunleavy                                                                                                           
Senator Lyman Hoffman                                                                                                           
Senator Donny Olson                                                                                                             
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
None                                                                                                                            
                                                                                                                                
ALSO PRESENT                                                                                                                  
                                                                                                                                
Representative Andy Josephson; Senator Cathy Geissel                                                                            
                                                                                                                                
PRESENT VIA TELECONFERENCE                                                                                                    
                                                                                                                                
Bill Warren, Self, Nikiski                                                                                                      
                                                                                                                                
SUMMARY                                                                                                                       
                                                                                                                                
SB 3001   APPROP: LNG PROJECT & FUND/AGDC/SUPP.                                                                                 
                                                                                                                                
          SB 3001 was HEARD and HELD in committee for                                                                           
          further consideration.                                                                                                
                                                                                                                                
SENATE BILL NO. 3001                                                                                                          
                                                                                                                                
     "An  Act  making  supplemental  appropriations;  making                                                                    
     appropriations    to     capitalize    funds;    making                                                                    
     appropriations  to the  general  fund  from the  budget                                                                    
     reserve fund (art. IX, sec. 17, Constitution of the                                                                        
     State of Alaska) in accordance with sec. 12(c), ch. 1,                                                                     
     SSSLA 2015; and providing for an effective date."                                                                          
                                                                                                                                
1:06:55 PM                                                                                                                    
                                                                                                                                
Co-Chair MacKinnon discussed a  few changes in the committee                                                                    
substitute.                                                                                                                     
                                                                                                                                
^PUBLIC TESTIMONY                                                                                                             
                                                                                                                                
1:07:48 PM                                                                                                                    
                                                                                                                                
BILL WARREN,  SELF, NIKISKI (via  teleconference), testified                                                                    
in support of  SB 3001. He shared that he  had worked on the                                                                    
Trans-Alaska  Pipeline  System  (TAPS), and  was  a  63-year                                                                    
resident  of  Alaska. He  thanked  the  committee for  their                                                                    
professionalism. He felt  that confidentiality and firewalls                                                                    
would "eat this project up."  He stressed that there must be                                                                    
communication    between    Alaska    Gasline    Development                                                                    
Corporation (AGDC)  and the  legislature. He  announced that                                                                    
the state was  capable of protecting its  own interests, and                                                                    
remarked that the other partners  were capable of protecting                                                                    
their own  interests. He expressed  confidence in  AGDC, and                                                                    
felt that they were not  inferior to the corporate partners.                                                                    
He agreed  that expansion was  the most important  aspect of                                                                    
the state's  share in the  project. He compared  the project                                                                    
to  TAPS,  and  felt  that  others  should  not  insult  the                                                                    
capabilities of Alaska.                                                                                                         
                                                                                                                                
Co-Chair  MacKinnon asked  if there  was  anyone waiting  to                                                                    
testify on the bill.                                                                                                            
                                                                                                                                
1:12:00 PM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
1:20:38 PM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
Co-Chair MacKinnon  wondered if there was  anyone waiting to                                                                    
testify on SB 3001.                                                                                                             
                                                                                                                                
Co-Chair MacKinnon CLOSED public testimony.                                                                                     
                                                                                                                                
Co-Chair MacKinnon discussed the following day's agenda.                                                                        
                                                                                                                                
SB 3001 was HEARD and HELD in committee for further                                                                             
consideration.                                                                                                                  
                                                                                                                                
ADJOURNMENT                                                                                                                   
1:22:11 PM                                                                                                                    
                                                                                                                                
The meeting was adjourned at 1:22 p.m.