03/12/1998 09:10 AM Senate FIN

                                                                               
HOUSE BILL NO. 296                                                             
"An Act extending the termination date of the Alaska                           
Minerals Commission."                                                          
                                                                               
                                                                               
Representative Tom Brice, sponsor of the bill, joined the                      
committee.  He gave a brief history of the Mineral Rights                      
Commission and why it should be continued.                                     
                                                                               
There was a brief discussion between Senator Torgerson and                     
Senator Phillips about the lack of a Legislative Budget and                    
Audit Report on the commission.  It was determined one was                     
not necessary in this case.                                                    
                                                                               
Senator Adams moved HB 296 moved from committee and without                    
objection it was reported out.                                                 
                                                                               
Co-Chair Sharp made announced the 4:30 meeting scheduled for                   
that afternoon had been cancelled.  The next scheduled                         
Senate Finance Committee meeting is Wednesday, March 19 at                     
9:00 a.m.