COMMITTEE SUBSTITUTE FOR HOUSE BILL NO. 344(FIN)                                                                                
"An Act authorizing a land exchange between the                                                                                 
Department of Natural Resources and Alaska Hardrock,                                                                            
Inc.; approving a long-term lease of certain Alaska                                                                             
Railroad Corporation land at Healy; and providing for                                                                           
an effective date."                                                                                                             
                                                                                                                                
                                                                                                                                
This was the first hearing for this bill in the Senate                                                                          
Finance Committee.                                                                                                              
                                                                                                                                
CHARLIE BOLLY, Vice-President, Governmental Relations,                                                                          
Usibelli Coal Mine, Incorporated, testified to Section 3 of                                                                     
the bill, regarding the Alaska Railroad Corporation land                                                                        
currently under contract with his company. He gave a                                                                            
detailed history of how the company has developed and used                                                                      
that land.                                                                                                                      
                                                                                                                                
Co-Chair Torgerson interjected to ask if the witness                                                                            
supports the bill.                                                                                                              
                                                                                                                                
Mr. Bolly affirmed he does.                                                                                                     
                                                                                                                                
Co-Chair Parnell offered a motion to report CS HB 344 (FIN)                                                                     
from Committee with accompanying Department of Natural                                                                          
Resources zero fiscal note.                                                                                                     
                                                                                                                                
Without objection the bill MOVED from Committee.                                                                                
                                                                                                                                
AT EASE to 8:41 PM