October 03, 2007
This release, 17 days before
the beginning of the legislative special session, will allow
additional time for the public and members of the Legislature
to review the bill prior to the start of the special session.
The final bill will be introduced in the state House and Senate
on October 18, the first day of the special session. During
the next two weeks, the Administration plans to hold town hall
meetings to explain the plan and work with the Legislature on
According to a news release, this bill aims to clearly establish the value of oil produced in Alaska and how the state and producers of that oil will share that value. There are a variety of improvements to the State's authorities to protect Alaskans' interests. Among other changes, the ACES plan removes the deduction for producers who fail to maintain pipelines and other infrastructure.
Source of News:
Publish A Letter in SitNews Read Letters/Opinions