Legacy energy source. Senator udall of new mexico and i have an amendment that will close a loophole in federal Energy Policy. I want my colleagues to know, and i think they do, of my long support for renewable and alternative sources of energy and so i agree with the aims of the murkowskimachin murkowskiy bill. The amendment that senator udall and i have introduced is the same as the bipartisan bill we introduced last week. The title of that bill is the fair return for public lands act. Mr. Grassley this bill was introduced 100 years to the date of the mineral leasing act of 1920. This amendment would increase the royalty rates on federal lands from 12. 5 to 18. 75 . Everybody here knows that a royalty is what the oil company will pay to a mineral owner. In this case the mineral owner is the american taxpayer, and that royalty is paid for the right to extract oil and natural gas from the lands of the United States. The legislation modernizes the public lands leasing system and it does
Seat held by senator john mccain. Like most of my life, i didnt take the traditional path, but i am blessed to have been given the opportunity to make a difference for others and stand in this Historic Chamber today. I love arizona, the grand canyon state, its people and our spirit. Like many arizonans, i wasnt born there, so this is a love of choice. Also like many arizonans, i first came to the state on a military assignment in the summer of 1990 to attend Pilot Training at Williams Air Force base, now home to a thriving Industrial Park called mesa gateway. I fell in love with arizona right away and was fortunate to have the Majestic View from the sky as a pilot. What a privilege to live in a land of adventure id only read about as a kid. Home to one of the seven natural wonders of the world and the grand canyon, and our diverse landscapes, mountains, canyons, lakes, rivers, sunsets, and the powerful desert lightning. After an assignment away i came back to arizona to fly the a10 war
And we were at 80 of new entry level hires regardless of salary. Another requirement is 30 Small Business participation. Whats Small Business . I mean, i profess not to really understand that. What have we done if we looked at all of our vendors . 41 of all authority [speaker not understood] is local. We go further. 31 of Americas Cup Authority staff, skilled, unskilled, entry level or specialist, are all local. I think pretty importantly, 51 of all vendor staff are local. If i could add to that, i believe that percentage is actually going to get better because weve let a lot of the larger contracts, the backfill will be smaller contracts that support the big ones. I expect those numbers to get even better than they currently are. So, in summary on the local hiring, i would suggest the following. Firstly, as i said previously, we do not have any obligations. We are doing this voluntarily. Secondly, in the spirit of our relationship with the city and whats trying to be achieved by these
Economic Workforce Development. I think thats correct. We deal with the office of economic workforce and development on everything that we do. Theyre our contact. They are fully informed of our activities and what we are doing. I might mention the paschal why you time i was up here, the agreement was signed on the 14th of august last year. As i said, office of economic workforce and development had been fully informed about our activities and what were doing. And i said this is a great story, again, and let me tell you why. I think the requirement is the same new entry level hires or local San Francisco. Earning more than 150 grand. I dont know any entry level people that will earn more than 150 grand. So, lets just strike that one, but lets still keep the 50 . We did some analysis of our hires and those sorts of things as of the end of last year. And we were at 80 of new entry level hires regardless of salary. Another requirement is 30 Small Business participation. Whats Small Busines
Faced with was the final one of those documents was only signed on the 14th of august. The first event had taken place. And, so, if i could offer a suggestion, it would be that the conciliatory nature and the working collaborative nature of how we are proposing to work move forward should have been engaged through the process back in august, september of last year. That would have been my suggestion. So, theres a lot of timing issues seems like. Absolutely. Okay. You know, i was president here on the board when the deal was signed. I think which is neither here nor there, but it always struck me that this was done very rapidly and people were, you know, learning to walk on the fly, if you will, throughout this agreement. Im thinking maybe thats the nature of hosting an event the first time in San Francisco, things happen so quickly. Im trying to see how we do it better going forward. Learning from this, how do you hold a event of this magnitude on public land down on the waterfront. Th