SB  64 CONVERT AK RR TO PRIVATE CORPORATION                         
                                                                               
                                                                               
 CHAIRMAN RIEGER called the Senate Transportation meeting to order             
 at 1:35 p.m. and introduced  SB 64  as the only order of business             
 before the committee.  Chairman Rieger said that he would entertain           
 a motion to move the bill out of committee.                                   
                                                                               
 SENATOR ADAMS was under the impression that the committee would be            
 reviewing the version K CS with the two changes on page 2, line 6.            
 Senator Adams was corrected and recognized that version M was the             
 newest CS.                                                                    
                                                                               
 CHAIRMAN RIEGER clarified that he believed that version M had been            
 adopted and was the version before the committee.                             
                                                                               
 SENATOR TAYLOR moved that CS SB 64 (TRA), Utermohle version M                 
 3/23/95, be moved from committee with individual recommendations.             
                                                                               
 SENATOR ADAMS objected.  He wished that the committee would review            
 his version of SB 64 which would achieve the sale of the railroad.            
                                                                               
 SENATOR TAYLOR interjected that the Adams' version was similar to             
 legislation he had sponsored a couple of years ago.  He said that             
 he shared Senator Adams' philosophy.                                          
                                                                               
 CHAIRMAN RIEGER asked if there was any further objection to moving            
 the legislation.  Hearing no objection, it was so ordered.