04/22/2005 04:29 PM House L&C

HB 157-ELEC/PHONE COOP & OTHER ENTITIES                                                                                       
                                                                                                                                
CHAIR ANDERSON announced  that the first order  of business would                                                               
be SPONSOR SUBSTITUTE FOR HOUSE  BILL NO. 157, "An Act clarifying                                                               
the  powers  of  electric  or telephone  cooperatives  to  become                                                               
members of or own stock in other entities."                                                                                     
                                                                                                                                
CHAIR  ANDERSON  reminded  the committee  that  there  have  been                                                               
negotiations on this legislation over  the past few weeks, but it                                                               
seems  to no  avail.   In  fact,  there is  now  a House  Finance                                                               
Committee referral,  with which he expressed  frustration.  Chair                                                               
Anderson  expressed his  desire to  forward HB  157 to  the House                                                               
Finance  Committee and  opined that  there is  merit in  what the                                                               
field distributors have discussed.                                                                                              
                                                                                                                                
4:30:37 PM                                                                                                                    
                                                                                                                                
CHAIR  ANDERSON,  upon  determining  there  were  no  amendments,                                                               
closed public testimony.                                                                                                        
                                                                                                                                
4:31:02 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  LEDOUX moved  to report  CSSSHB 157,  Version 24-                                                               
LS0562\X, out  of committee  with individual  recommendations and                                                               
the accompanying fiscal notes.   There being no objection, CSSSHB
(L&C) was reported from the  House Labor and Commerce Standing                                                               
Committee.