04/10/2000 03:20 PM Senate RES

         HB 429-MORATORIA: HAIR CRAB & SCALLOP FISHERIES                                                                    
                                                                                                                                
CHAIRMAN  HALFORD informed  committee members  that HB 429  simply                                                              
extends the  moratoria on  the Hair  Crab and Weathervane  Scallop                                                              
fisheries.  HB  429 does not address the question  of creating new                                                              
transferable permits; it maintains  the status quo.  He noted that                                                              
he is opposed  to creating new  transferable permits as  they will                                                              
create artificial  value that will  destroy the economics  of some                                                              
fisheries.                                                                                                                      
                                                                                                                                
There being no  public testimony, SENATOR MACKIE moved  HB 429 and                                                              
its accompanying  zero fiscal note from committee  with individual                                                              
recommendations.  There being no objection, the motion carried.