04/26/2004 02:18 PM House FIN

HOUSE BILL NO. 395                                                                                                            
                                                                                                                                
          An Act relating to shallow natural gas leasing and                                                                    
          the regulation of shallow natural gas operations.                                                                     
                                                                                                                                
REPRESENTATIVE HARRIS, SPONSOR,  explained that the Resources                                                                   
Committee   Substitute  deals   with   shallow  natural   gas                                                                   
development in the Matanuska Valley.  The bill had been heard                                                                   
in the Oil and Gas, Judiciary,  and Resources Committees.  He                                                                   
stated his preference to hold  the bill and work on it rather                                                                   
than hear public testimony today.                                                                                               
                                                                                                                                
HB  395  was   heard  and  HELD  in  Committee   for  further                                                                   
consideration.