HOUSE FINANCE COMMITTEE April 18, 2024 10:01 a.m. 10:01:38 AM CALL TO ORDER Co-Chair Foster called the House Finance Committee meeting to order at 10:01 a.m. MEMBERS PRESENT Representative Neal Foster, Co-Chair Representative DeLena Johnson, Co-Chair Representative Julie Coulombe Representative Alyse Galvin Representative Sara Hannan Representative Andy Josephson Representative Dan Ortiz Representative Will Stapp Representative Frank Tomaszewski MEMBERS ABSENT Representative Bryce Edgmon, Co-Chair Representative Mike Cronk ALSO PRESENT Trevor Jepsen, Staff, Representative Tom McKay. SUMMARY HB 257 COOK INLET SEISMIC DATA HB 275 was HEARD and HELD in committee for further consideration. Co-Chair Foster reviewed the meeting agenda. HOUSE BILL NO. 257 "An Act requiring the Department of Natural Resources to make Cook Inlet seismic survey data available to certain persons; and providing for an effective date." 10:02:58 AM TREVOR JEPSEN, STAFF, REPRESENTATIVE TOM MCKAY, reminded members that HB 257 would require the Department of Natural Resources (DNR) to distribute state-owned seismic data from Cook Inlet to qualified persons at no charge. The state currently made very little revenue from selling Cook Inlet seismic data to the private industry. Over the last five years, the state made about $27 million total from selling seismic data. The goal of the legislation was to get more companies and industry professionals to consider Cook Inlet seismic data and he argued that distributing the data at no charge would achieve the goal. 10:03:41 AM Co-Chair Foster OPENED public testimony. Co-Chair Foster CLOSED public testimony. Co-Chair Foster set an amendment deadline for HB 257 of April 23, 2024, at 5:00 p.m. HB 275 was HEARD and HELD in committee for further consideration. Co-Chair Foster reviewed the agenda for the afternoon's meeting. ADJOURNMENT 10:05:45 AM The meeting was adjourned at 10:05 a.m.