CSHB 44(FIN) am Summary

• Amends dividend calculation for corporations to include bond repayment costs related to energy project bonds issued under this Act, with maximum deduction of $1,000,000 annually.

• Expands Alaska Natural Gas Development Authority's purpose to acquire natural gas from the North Slope and other regions of the state, including the Alaska outer continental shelf, and deliver it to in-state markets or tidewater.

• Defines "North Slope" as the part of Alaska north of 68 degrees North latitude including the Brooks Range foothills.

• Authorizes Alaska Housing Finance Corporation to issue up to $100,000,000 in bonds for energy efficiency and conservation programs for all homeowners.

• Authorizes Alaska Natural Gas Development Authority to issue up to $250,000,000 in bonds for gas supply acquisition, Cook Inlet and Fairbanks market development, and gas transmission system planning and design, subject to Legislative Budget and Audit Committee approval.