Senate Resources unveils version of gas line bill

Feb 21, 2014 -- 10:45am
- JUNEAU, Alaska (AP) - A version of the gas pipeline bill unveiled by the Senate Resources Committee generally stays true to what Gov. Sean Parnell proposed, with some clarifications. The draft says confidential information related to contract negotiations shall be shared with the legislature in executive session or under confidentiality agreements. The original version said "may." Chairwoman Cathy Giessel said she wanted to make sure lawmakers were involved. The draft also says the fixed royalty rate for gas cannot fall below 12.5 percent. It incorporates an idea proposed by Sen. Lesil McGuire that a plan be developed that would recommend how Alaskans could invest in the pipeline with their Permanent Fund dividends. Additional amendments were expected to be discussed Friday afternoon. Giessel said she planned to hold the bill over the weekend.

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