SENATE BILL NO. 86                                                                                                              
"An  Act  approving   and  ratifying  the  sale  of  royalty   oil by                                                           
the  State  of  Alaska   to  Flint  Hills  Resources   Alaska,   LLC;                                                           
and providing for an effective date."                                                                                           
                                                                                                                                
9:06:47 AM                                                                                                                    
                                                                                                                                
Senator   Olson  noted  that   there  were  two  refineries   in  the                                                           
Fairbanks    area.  He   wondered   if   the  smaller   of   the  two                                                           
refineries had established a position on the legislation.                                                                       
                                                                                                                                
9:07:40 AM                                                                                                                    
                                                                                                                                
JOE   BALASH,   DEPUTY    COMMISSIONER,    DEPARTMENT    OF   NATURAL                                                           
RESOURCES,    replied   that  zero   negative   comments    had  been                                                           
offered during public comment on the contract terms.                                                                            
                                                                                                                                
9:08:44 AM                                                                                                                    
                                                                                                                                
Senator  Olson   inquired  if  there  was  any known   opposition  to                                                           
the legislation.                                                                                                                
                                                                                                                                
Mr.  Balash   restated   that  no  opposition    had  been   recorded                                                           
during the public comment period.                                                                                               
                                                                                                                                
9:09:07 AM                                                                                                                    
                                                                                                                                
Co-Chair   Kelly  MOVED  to  report  SB  86  out  of committee   with                                                           
individual    recommendations     and   the   accompanying     fiscal                                                           
note. There being no OBJECTION, it was so ordered.                                                                              
                                                                                                                                
SB  86   was  REPORTED    out  of   committee   with   a  "do   pass"                                                           
recommendation    and with  a  "do  pass"  recommendation   and  with                                                           
previously published fiscal note: FN2 (DNR).                                                                                    
                                                                                                                                
9:09:36 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
9:10:52 AM                                                                                                                    
RECONVENED