SB 92-STATE OWNERSHIP OF SUBMERGED LAND  4:50:50 PM CO-CHAIR BISHOP announced the consideration of SENATE BILL NO. 92 "An Act relating to state ownership of submerged land underlying navigable water within the boundaries of and adjacent to federal areas; and providing for an effective date." 4:50:57 PM CO-CHAIR GIESSEL moved to adopt the committee substitute (CS) for SB 92, work order 33-LS0536\U, as the working document. She explained that she requested the bill be returned to the committee because Native corporations expressed concern that it wasn't sufficiently clear that Native corporation lands were included in the public lands exemption. CO-CHAIR BISHOP objected for discussion purposes. 4:51:50 PM JULIA O'CONNOR, Staff, Senator Cathy Giessel, Alaska State Legislature, Juneau, Alaska, presented the explanation of changes from version S to version U for SB 92 [Original punctuation provided.] The Committee Substitute adopts the following changes: 1. In Section 1, page 1, line 10, deleted "and adjacent to" 2. In Section 2, page 2, line 4, deleted "and adjacent to" 3. In Section 3, page 2, line 14, deleted "and adjacent to" 4. In Section 8, page 3, line 9, deleted "and adjacent to" 5. In Section 8, page 3, line 12, deleted "and adjacent to" 6. In Section 9, page 4, line 10, deleted "and adjacent to" 7. In Section 10, page 87, after subpart (B) on line 30: a. Added a subpart (C) that would read "land that has been lawfully selected for conveyance by a private party under a federal statute but has not yet been conveyed to that private party;" 4:52:27 PM SENATOR GIESSEL explained that Alaska Native corporations and Native communities have selected land that has yet to be conveyed, so it is not subject to the bill. 4:52:52 PM CO-CHAIR BISHOP removed his objection and the CS was adopted. He solicited a motion. 4:53:03 PM SENATOR GIESSEL moved to report CSSB 92, work order 33-LS0536\U, from committee with individual recommendations and attached zero fiscal note(s). 4:53:27 PM CO-CHAIR BISHOP found no objection and CSSB 92(2dRES) was reported from the Senate Resources Standing Committee.