SB  64 CONVERT AK RR TO PRIVATE CORPORATION                         
                                                                               
 Number 002                                                                    
                                                                               
 CHAIRMAN RIEGER called the Senate Transportation meeting to order             
 at 1:45 p.m.  He introduced  SB 64  as the first order of business            
 before the committee.  He explained that the Utermohle, version M,            
 CS eliminated the reference to the $25 per share par value.  This             
 CS also rewords the concurrence of other parties which was part of            
 the language discussed in reference to assigning contracts to a               
 successor corporation.                                                        
                                                                               
 SENATOR GREEN moved that the Utermohle, version M, CS be adopted in           
 lieu of the original bill.  Hearing no objection, the CS was before           
 the committee for consideration.                                              
                                                                               
 CHAIRMAN RIEGER recognized Senator Adam's concerns regarding                  
 another CS, but preferred not to move that version out.  He said              
 that Senator Adams was welcome to move that version.  That version            
 could be used if the current CS has problems.                                 
                                                                               
 SENATOR ADAMS stated that his version was better than the current             
 CS.  He explained that his version would eliminate an asset that              
 should be privatized.  He agreed not to offer his CS, but he                  
 informed the Chair that he would oppose the movement of the bill              
 from committee until a majority of the Majority members are                   
 present.                                                                      
                                                                               
 SENATOR LINCOLN felt that the bill should be held.                            
                                                                               
 CHAIRMAN RIEGER agreed to hold SB 64 until a future meeting.