SENATE BILL NO. 30                                                                                                            
                                                                                                                                
     "An Act approving and ratifying the sale of royalty                                                                        
     oil by the State of Alaska to Petro Star Inc.; and                                                                         
     providing for an effective date."                                                                                          
                                                                                                                                
9:02:57 AM                                                                                                                    
                                                                                                                                
JIM SHINE,  SPECIAL PROJECTS ASSISTANT, DIVISION  OF OIL AND                                                                    
GAS, DEPARTMENT OF NATURAL RESOURCES,  stated that there was                                                                    
a  revised fiscal  note, which  corrected a  clerical error.                                                                    
The  positive  fiscal impact  would  begin  January 1,  2018                                                                    
through FY 22.                                                                                                                  
                                                                                                                                
Co-Chair  MacKinnon   shared  that  Vice-Chair   Bishop  had                                                                    
addressed  the changes  in  the fiscal  note  at a  previous                                                                    
meeting. She also  stated that bill provided  revenue to the                                                                    
state.                                                                                                                          
                                                                                                                                
Vice-Chair Bishop  MOVED to  REPORT SB  30 out  of Committee                                                                    
with individual recommendations  and the accompanying fiscal                                                                    
note. There being NO OBJECTION, it was so ordered.                                                                              
                                                                                                                                
9:04:20 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
9:06:39 AM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
Co-Chair  MacKinnon discussed  the  following day's  agenda.                                                                    
She stated that there was work on amendments for SB 39.                                                                         
                                                                                                                                
SB  30  was REPORTED  out  of  committee  with a  "do  pass"                                                                    
recommendation and  with a new  fiscal impact note  from the                                                                    
Department of Natural Resources.