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Governor Walker Praises Congressman Young for Passage of King Cove Road Land Exchange Bill

Governor Walker Praises Congressman Young for Passage of King Cove Road Land Exchange Bill

H.R. 218 approves 1-to-1 land exchange; critical next step for road construction
Governor Bill Walker today praised Congressman Don Young for the passage of H.R. 218 in the U.S. House of Representatives. Congressman Young sponsored the legislation which allows a land exchange between the federal government and the state to take place, an important step in allowing a construction of a road between the village of King Cove and city of Cold Bay.
House Panel Reviews Onshore Oil and Gas Opportunities in Alaska

House Panel Reviews Onshore Oil and Gas Opportunities in Alaska

Yesterday, the House Subcommittee on Energy and Mineral Resources convened an oversight hearing titled "Promoting Onshore Oil and Gas Development in Alaska" to evaluate new opportunities for development in Alaska, particularly in areas of the National Petroleum Reserve-Alaska and the Coastal Plain of the Arctic National Wildlife Refuge (ANWR).
Attorney General Appoints New Bethel DA

Attorney General Appoints New Bethel DA

The Department of Law announced the appointment of Steve Wallace as the new Bethel District Attorney. Mr. Wallace took over this position on July 10, 2017 after the retirement of Mike Gray.
State announces proposed agreement on Klutina Lake Road and Historic Gulkana Village site

State announces proposed agreement on Klutina Lake Road and Historic Gulkana Village site

The State of Alaska announced today that it is seeking public comment on a proposed settlement with Ahtna, Inc. regarding public access along Klutina Lake Road and to the Gulkana River near the Historic Gulkana Village. The public will have several opportunities to provide written or oral comments before the August 30 deadline.
Coast Guard, Kake SAR assist stranded vessel near Kake, Alaska

Coast Guard, Kake SAR assist stranded vessel near Kake, Alaska

Crews from the Coast Guard Cutter John McCormick and Kake Search and Rescue assisted the crew of the 36-foot vessel Viking Queen after it became stranded in Elena Bay, 50 miles southwest of Kake, Sunday.
Alaska Senate Invites House to Address Capital Budget

Alaska Senate Invites House to Address Capital Budget

Today, the Alaska State Senate invited the House to join them in a new special session beginning this week in Juneau to finalize a capital budget that keeps Alaskans working on key projects across the state.
Compromise Achieved to Reform Alaska’s Unsustainable Oil Tax Credit System

Compromise Achieved to Reform Alaska’s Unsustainable Oil Tax Credit System

Lawmakers Agree to End Practice of Paying Cash for Tax Credits
Tonight, the Alaska Legislature passed a compromise version of legislation to reform Alaska’s system of subsidizing the oil industry on the North Slope with tax credits. House Bill 111 ends Alaska’s unique cash for tax credits system and strengthens the four percent minimum tax to ensure Alaska receives some production tax revenue in times of low oil prices. Tonight’s compromise was brokered by House Resources Committee Co-chair Representative Geran Tarr (D-Anchorage), who served as the Chair of the HB 111 Conference Committee.
Governor Walker Commends Legislature for Ending Cashable Oil Tax Credits

Governor Walker Commends Legislature for Ending Cashable Oil Tax Credits

State ends cash subsidies to oil companies; Capital budget still to be addressed
Governor Bill Walker tonight reacted positively towards the passage of House Bill 111 on the final day of the Second Special Session of the 30th Alaska Legislature. HB 111 was the only bill remaining on the second special session call for lawmakers to address.
Senate Acts to End Cash Oil Credits

Senate Acts to End Cash Oil Credits

A final compromise reached today between the Senate and the House will end cash payments for oil and gas tax credits beginning July 1, 2017, a move expected to save the state $200 million through the end of this year and up to $200 million each year in the future.
Governor Walker Reacts to Downgrade of Alaska’s Credit Rating

Governor Walker Reacts to Downgrade of Alaska’s Credit Rating

Governor Bill Walker reacted to Moody’s announcement yesterday evening that Alaska’s credit rating has been downgraded to “Aa3” and remains on negative credit watch. The report cites “the large structural imbalance that the state has still not rectified, and the ongoing spending of the state's reserves”. It also warns that, “as the state's reserves diminish, its options to close the budget gap narrow and the consequences should it fail to do so intensify”.
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