HB   8-PIPE FOR A NATURAL GAS PIPELINE                                                                        
                                                                                                                                
                                                                                                                              
CHAIR P. WILSON announced that the final order of  business would                                                               
be  HOUSE  BILL NO. 8, "An Act  relating to the purchase of  pipe                                                               
for  use in  a  natural gas  pipeline  project under  the  Alaska                                                               
Gasline Inducement Act."                                                                                                        
                                                                                                                                
3:00:36 PM                                                                                                                    
                                                                                                                                
KEN  ALPER, Staff,  Representative Harry  Crawford, Alaska  State                                                               
Legislature,  stated on  behalf  of the  sponsor,  Representative                                                               
Harry  Crawford,  that   this  bill  would  empower  the   DOT&PF                                                               
commissioner to buy  the physical pipe  for the in state  section                                                               
of the natural gas pipeline.  Approximately 800 miles of  48-inch                                                               
pipe would be purchased  and stockpiled as a visual reminder  for                                                               
the  necessity of  the state  to move  forward on  the  pipeline.                                                               
Once the project  moved forward, the pipe  could be sold at  cost                                                               
or could  be contributed as an  equity position on the  pipeline.                                                               
He related that action would make money for the state.                                                                          
                                                                                                                                
[HB 8 was held over.]                                                                                                           
                                                                                                                                
3:02:12 PM