The Cook Inlet Recovery Act or House Bill 280 unanimously passed the state house yesterday. House Finance Committee Co-Chair Mike Hawker, of Anchorage, and House Speaker Mike Chenault, of Nikiski, sponsored the bill. In a press release yesterday hawker said one of the biggest challenges the people he represents face is the decline of gas production in cook inlet.
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Hawker also said. “The Cook Inlet Recovery Act also enhances existing tax credits for exploring for new gas in the Cook Inlet.”