Section 43.82.900. Definitions.

In this chapter, unless the context requires otherwise,
        (1) "affected municipality" means an economically affected municipality or a revenue-affected municipality;
        (2) "commencement of commercial operations" means the start of regular deliveries of marketable products from an approved qualified project;
        (3) "cubic foot of gas" means the quantity of gas contained in a volume of one cubic foot at a standard temperature of 60 degrees Fahrenheit and a standard absolute pressure of 14.65 pounds per square inch;
        (4) "economic proximity" means the distance within which a person may be willing to design, construct, and operate a gas line to provide service to a local consumer;
        (5) "economic rent" means the estimated total gross revenue less estimated total costs for a qualified project over the term of a contract under AS 43.82.020, measured in undiscounted nominal dollars; for purposes of this paragraph, total costs do not include a rate of return on capital, financing costs, or any payments to governments;
        (6) "economically affected municipality" means a municipality the commissioner of revenue determines will be reasonably required to provide additional public services under the terms proposed in an application approved under AS 43.82.140(a); the commissioner may consider historical data from construction of the Trans Alaska Pipeline System, and information submitted by a municipality in making the determination;
        (7) "full project funding" means full approval by a party to a contract under AS 43.82.020 for the expenditure of the capital necessary for construction and operation of the approved qualified project that is subject to the contract;
        (8) "gas" has the meaning given in AS 43.55.900;
        (9) "group" means two or more persons;
        (10) "lease or property" has the meaning given in AS 43.55.900;
        (11) "periodic payment" means payment made in lieu of one or more other taxes under a contract under AS 43.82.020;
        (12) "revenue-affected municipality" means a municipality that the commissioner of revenue reliably expects will be restricted from imposing a tax, or a portion of a tax, as a result of implementation of a contract developed under this chapter;
        (13) "stranded gas" means gas that is not being marketed due to prevailing costs or price conditions as determined by an economic analysis by the commissioner for a particular project.

Notes

History

(Sec. 3 ch 104 SLA 1998)