SB 243-NO ROYALTY ON GEOTHERMAL RESOURCE                                                                        
                                                                                                                                
5:11:00 PM                                                                                                                    
CO-CHAIR MCGUIRE  announced the next  order of business to  be SB                                                               
243.                                                                                                                            
                                                                                                                                
CO-CHAIR  WIELECHOWSKI  moved  to adopt  the  proposed  committee                                                               
substitute (CS) for  SB 243, labeled 26-LS1346\E,  as the working                                                               
document of the  committee.  There being no  objection, version E                                                               
was before the committee.                                                                                                       
                                                                                                                                
MR. PAWLOWSKI reminded committee members  that SB 243 adopted the                                                               
federal royalty  rates for geothermal  leases within  Alaska. The                                                               
committee  substitute  includes  a change  to  the  applicability                                                               
section [Section  2, page  1, line  13, amending  uncodified law]                                                               
which states  that the commissioner  of natural  resources offers                                                               
new rates to existing leases.                                                                                                   
                                                                                                                                
CO-CHAIR  WIELECHOWSKI  moved  to  report  CS  for  SB  243  from                                                               
committee  with   individual  recommendations   and  accompanying                                                               
fiscal notes. There being no  objection, CSSB 243(RES) moved from                                                               
the Senate Resources Standing Committee.