SB 194-REDUCE ROYALTY ON COOK INLET OIL & GAS                                                                      
                                                                                                                              
3:50:01 PM                                                                                                                    
CO-CHAIR  GIESSEL  reconvened  the   meeting  and  announced  the                                                               
consideration  of  SENATE  BILL  NO.  194  "An  Act  relating  to                                                               
temporarily reduced  royalty on  oil and  gas from  pools without                                                               
previous commercial  sales in the  Cook Inlet  sedimentary basin;                                                               
and providing for an effective date."                                                                                           
                                                                                                                                
3:50:17 PM                                                                                                                    
CO-CHAIR  GIESSEL  opened public  testimony  on  SB 194;  finding                                                               
none, she closed public testimony.                                                                                              
                                                                                                                                
3:50:35 PM                                                                                                                    
CO-CHAIR GIESSEL held SB 194 in committee.