05/06/1996 06:30 PM Senate FIN

                                                                               
       CS FOR HOUSE BILL NO. 548(WTR)                                          
       "An Act authorizing the amendment of Northstar Unit oil                 
  and  gas  leases  between   the  State  of  Alaska   and  BP                 
  Exploration    (Alaska) Inc.; and providing for an effective                 
  date."                                                                       
                                                                               
  Commissioner  John   T.  Shively,   Department  of   Natural                 
  Resources and Ed Flanagan, Department  of Labor were invited                 
  to  join  the  committee  and  answered  questions  for  the                 
  committee.   Senator Rieger  moved amendment  #1 and it  was                 
  adopted  contingent  on no  title  change with  a conceptual                 
  amendment.  If  the conceptual amendment was  not acceptable                 
  amendment #1  would not be included in  finance version SCS.                 
  Senator Frank moved amendment #14 and it was adopted.                        
                                                                               
  Senator  Zharoff   moved  SCS  CSHB  548(FIN)   and  without                 
  objection   it    was   reported    out   with    individual                 
  recommendations  and zero  fiscal  note  from Department  of                 
                                                                               
                                                                               
  Natural Resources/Oil  and Gas; $431.1 Department of Natural                 
  Resources/Pipeline Coordinator.