Terms Used In Alaska Statutes > Title 43 > Chapter 90 > Article 2 - Alaska Gasline Inducement Act License

• action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
• affiliate: means another person that controls, is controlled by, or is under common control with a person, and includes a division that operates as a functional unit. See Alaska Statutes 43.90.900
• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
• applicant: means a person or group of persons that files an application for a license. See Alaska Statutes 43.90.900
• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• commencement of commercial operations: means the first flow of gas in the project that generates revenue to the owners. See Alaska Statutes 43.90.900
• commissioners: means the commissioner of revenue and the commissioner of natural resources, acting jointly. See Alaska Statutes 43.90.900
• Contract: A legal written agreement that becomes binding when signed.
• control: means the possession of ownership interest or authority sufficient to, directly or indirectly, and whether acting alone or in conjunction with others, direct or cause the direction of the management or policies of a company, and is rebuttably presumed if the voting interest held is 10 percent or more. See Alaska Statutes 43.90.900
• coordinator: means the person appointed under Alaska Stat. See Alaska Statutes 43.90.900
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• gas treatment plant: means a facility downstream of the point of production that conditions gas and removes nonhydrocarbon substances from the gas for the purpose of rendering the gas acceptable for tender and acceptance into a gas pipeline system. See Alaska Statutes 43.90.900
• governing body: means a corporation's board of directors, a limited liability company's managing members, a partnership's general partners, a joint venturer's joint venturers, a governmental authority's board or council members, and similar entities. See Alaska Statutes 43.90.900
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Legislative session: That part of a chamber's daily session in which it considers legislative business (bills, resolutions, and actions related thereto).
• license: means a license issued under this chapter. See Alaska Statutes 43.90.900
• licensee: means the holder of a license issued under this chapter and all affiliates, successors, assigns, and agents of the holder. See Alaska Statutes 43.90.900
• Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
• net present value: means the discounted value of a future stream of cash flow. See Alaska Statutes 43.90.900
• North Slope: means that part of the state that lies north of 68 degrees North latitude. See Alaska Statutes 43.90.900
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• open season: means the process that complies with 18 C. See Alaska Statutes 43.90.900
• person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
• Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
• project: means a natural gas pipeline project authorized under a license issued under this chapter. See Alaska Statutes 43.90.900
• proprietary: when used to describe information, means that the information is treated by an applicant as confidential and the public disclosure of that information would adversely affect the competitive position of the applicant or materially diminish the commercial value of the information to the applicant. See Alaska Statutes 43.90.900
• Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. ^{Source: FDIC}
• sanction: means to make financial commitments to go forward with the project as evidenced by entering into financial commitments of at least $1,000,000,000 with third parties. See Alaska Statutes 43.90.900
• state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
• trade secret: has the meaning given in Alaska Stat. See Alaska Statutes 43.90.900