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House Resources Committee Co-Chair Representative Beverly Masek Session: State Capitol, Room 432 Juneau, AK 99801-1182 Phone: (907) 465-2679 Fax: (907) 465-4822 Send E-Mail |
House Resources Committee Co-Chair Representative Bill Hudson Session: State Capitol, Room 108 Juneau, AK 99801-1182 Phone: (907) 465-3744 Fax: (907) 465-2273 Send E-Mail |
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For Immediate Release: April 17, 2000 |
Juneau -- The Alaska Senate Monday passed House Bill 290, sponsored by the House Resources Committee. HB 290 addresses regulatory aspects of the development of a North Slope natural gas pipeline system.
HB 290 makes amendments to State statutes and clarifies definitions of, regulatory authority over, and criteria needed for, a North Slope natural gas pipeline system. Passage of HB 290 is the second step in the Legislature's efforts to encourage and facilitate the development of Alaska's North Slope natural gas reserves. The process began in 1998 with the passage of the "Stranded Gas Act," which authorized the State to restructure certain taxes and royalty requirements to facilitate the development of otherwise non-economic gas reserves.
"The creation of jobs and economic opportunity by one or more North Slope natural gas pipeline systems is crucial for our economy," said Representative Beverly Masek, Co-Chair of the House Resources Committee. "HB 290 is important to all Alaskans because it moves toward timely development of our natural resources."
290 passed the House unanimously.
Sponsor Statement for HB 290