HB 387-OIL & GAS TAX CREDIT: JACK-UP RIG                                                                           
                                                                                                                                
1:19:05 PM                                                                                                                    
                                                                                                                                
CHAIR  MCKAY announced  that  the  next order  of  business                                                                     
would be  HOUSE BILL  NO. 387,  "An Act  relating to  a tax                                                                     
credit for certain oil and gas  equipment in the Cook Inlet                                                                     
sedimentary basin; and providing for an effective date."                                                                        
                                                                                                                                
1:19:19 PM                                                                                                                    
                                                                                                                                
CHAIR  MCKAY opened  public  testimony on  HB  387.   After                                                                     
ascertaining there  was no  one who  wished to  testify, he                                                                     
closed public testimony.                                                                                                        
                                                                                                                                
1:19:54 PM                                                                                                                    
                                                                                                                                
CHAIR MCKAY announced HB 387 would be held over.