05/07/1997 08:45 AM Senate FIN

                                                                               
       CS FOR HOUSE BILL NO. 250(O&G)                                          
                                                                               
       "An    Act    establishing    a   North    Slope    Gas                 
  Commercialization Team   to      develop     recommendations                 
  regarding a North Slope gas   project; and providing  for an                 
  effective date."                                                             
                                                                               
  Representative  Mark   Hodgins  was  invited   to  join  the                 
  committee.  He  read the sponsor statement  into the record.                 
  Commissioner  Wilson  Condon,  Department   of  Revenue  was                 
  invited to join the committee.  He said he  was available to                 
  answer any questions the committee may have.  Co-chair Sharp                 
  felt the bill  would be better for prospective producers and                 
  buyers.  Confidentiality  of matters would be  enhanced with                 
  the Commissioner of Revenue being a board member.                            
                                                                               
  Senator  Phillips   moved  CSHB  250(O&G)   with  individual                 
  recommendations  and accompanying  fiscal notes  and without                 
  objection it was reported out.                                               
                                                                               
  There followed a  brief at ease.   Co-chair Sharp called  SB
.