CHAIRMAN WILLIAMS announced he would like to distribute to the committee a proposed committee substitute which was drafted for HB 238, the bill relating to the Oil and Hazardous Substance Release Response Fund. He said the committee had three hearings on the bill last session and during the interim and another hearing will be scheduled soon. CHAIRMAN WILLIAMS advised he decided to draft a simple, straightforward version to work from, aimed at fixing what is broken with the 470 Fund and leaving the rest alone. He hoped this approach will simplify and speed up the deliberations on the bill. He said he wanted to get the work draft out to the committee, the oil industry and the public in advance of the next meeting on the bill, so that everyone will have a chance to review it. ADJOURNMENT There being no further business to come before the House Resources Committee, Chairman Williams adjourned the meeting at 10:10 a.m.