04/30/1998 03:00 PM House ECD

HB 469 - APPROVE SALE ROYALTY OIL TO MAPCO                                     
                                                                               
CHAIRMAN SANDERS announced the only order of business was House                
Bill No. 469, "An Act approving the sale of Prudhoe Bay Unit                   
royalty oil by the State of Alaska to Mapco Alaska Petroleum, Inc.;            
and providing for an effective date."                                          
                                                                               
Number 0069                                                                    
                                                                               
REPRESENTATIVE MARK HODGINS made a motion to move HB 469 out of the            
committee with individual recommendations.                                     
                                                                               
Number 0084                                                                    
                                                                               
CHAIRMAN SANDERS objected.                                                     
                                                                               
CHAIRMAN SANDERS announced he still believes that MAPCO Alaska                 
Petroleum Incorporated and Tesoro Alaska Petroleum Company are                 
manipulating the Alaskan market for fossil fuel to their advantage             
and profit, but he doesn't feel that holding the contract would                
have a positive effect on the situation at this time.  Therefore,              
he is willing to move the bill forward to the next committee of                
referral.  However, he encourages his fellow legislators, the                  
Administration, and most of all the local refineries to work                   
together to ensure that the citizens of Alaska realize both price              
and supply benefits from the sale and processing of "their" royalty            
oil.                                                                           
                                                                               
CHAIRMAN SANDERS removed his objection.  There being no further                
objection, HB 469 was so moved from the House Special Committee on             
Economic Development.