2004-02-19                     House Journal                      Page 2662
HB 364                                                                                            
SPONSOR SUBSTITUTE FOR HOUSE BILL NO. 364 by                                                        
Representative Seaton, entitled:                                                                    
                                                                                                    
    "An Act establishing a moratorium on the issuance of state                                      
    shallow natural gas leases in the vicinity of Kachemak Bay, and                                 
    precluding the commissioner of natural resources from reissuing                                 
    or otherwise extending leases within the moratorium area if the                                 
    leases fail to produce gas in paying quantities within the terms of                             
    the lease or if there is a breach of a term or condition of the lease;                          
    and providing for an effective date."                                                           
                                                                                                    
was read the first time and referred to the House Special Committee on                              
Oil & Gas and the Resources and Finance Committees.