04/28/1993 02:55 PM Senate FIN

                                                                               
  SENATE BILL NO. 165                                                          
                                                                               
       An  Act  making   an  appropriation   to  the   Alyeska                 
       Settlement Fund  and  making  appropriations  from  the                 
       Alyeska Settlement Fund; and providing for an effective                 
       date.                                                                   
                                                                               
  Co-chair Pearce  directed  that SB  165  be brought  on  for                 
                                                                               
                                                                               
  discussion.  Co-chair  Frank referenced work draft  CSSB 165                 
  (Finance) (8-LS0854\J,  Utermohle,  4/7/93)  and  MOVED  for                 
  adoption.  No objection having been raised,  the "J" version                 
  of CSSB  165 (Finance)  was  ADOPTED.   Co-chair Frank  next                 
  directed  attention   to  a  proposed  Amendment   which  he                 
  explained would delete existing Sec. 2 and insert a new Sec.                 
  2.  New Sec. 2 would provide $14,500,000 for construction of                 
  oil response  equipment storage  facilities at Tatitlek  and                 
  Chenega  and  $6,000,000  for construction  of  a  road from                 
  Cordova to  Shepard Point.   The  Co-chairman further  noted                 
  need to delete  Sec. 6 containing lapse  provisions for Sec.                 
  2.  He then MOVED  for adoption of the changes at Sec. 2 and                 
  Sec. 6.  No objection having been raised, the motion CARRIED                 
  and the Amendment was ADOPTED.                                               
                                                                               
  Co-chair  Frank  MOVED  that CSSB  165  (Finance)  pass from                 
  committee  with individual  recommendations.   No  objection                 
  having been raised,  CSSB 165 (Finance) was REPORTED  OUT of                 
  committee.  All members present  signed the committee report                 
  "no rec," with the exception  of Senator Kerttula who signed                 
  "Do not pass."  Senator Jacko was absent and did not sign.                   
                                                                               
  [The  recording problem  was corrected  at this point.   The                 
  remainder of the minutes reflect tape transcription.]