MINUTES                                           
                    SENATE FINANCE COMMITTEE                                   
                        January 30, 1997                                       
                            9:07 A.M.                                          
           JOINT MEETING WITH HOUSE FINANCE COMMITTEE                          
               AND HOUSE TRANSPORTATION COMMITTEE                              
                                                                               
  TAPES                                                                        
                                                                               
  SFC-97, # 25, Sides 1 & 2                                                    
  SFC-97, # 26, Side 1 (238)                                                   
  CALL TO ORDER                                                                
                                                                               
  Senator  Drue Pearce,  Co-chair,  convened  the  meeting  at                 
  approximately 9:07 A.M.                                                      
                                                                               
  PRESENT                                                                      
                                                                               
  In addition  to Co-chair  Pearce,  Co-chair Sharp,  Senators                 
  Donley, Torgerson, Phillips, Parnell and  Adams were present                 
  when the meeting was convened.                                               
                                                                               
  Also present were  Senators Wilken,  Ellis and Green,  House                 
  Speaker Phillips, Representatives Williams, Hanley, Cowdery,                 
  Davis,   Davies,   Moses,   Grussendorf,    Hudson,   Kelly,                 
  Therriault, Mulder, Foster and Kohring.                                      
                                                                               
  Also Attending:                                                              
  Governor  Bill  Sheffield,  Chairman  of  the Board,  Alaska                 
  Railroad Corporation; Senator Johne Binkley, Director, ARRC;                 
  Patricia Dunn,  VP, Finance and  Administration, ARRC;  Evan                 
  McKinney,  VP,   Maintenance  and  Engineering,   ARRC;  Jim                 
  Blasingame,  VP,  Corporate  Affairs,   ARRC;  Mike  Greany,                 
  Director, Legislative Finance Division; fiscal analysts  and                 
  aides to committee members.                                                  
                                                                               
  SUMMARY INFORMATION                                                          
                                                                               
         PRESENTATION BY THE ALASKA RAILROAD CORPORATION                       
                                                                               
  The  meeting  was recorded  and  handwritten log  notes were                 
  taken.  A copy  of the tape and log notes may be obtained by                 
  contacting either the Legislative Finance Division, P.O. Box                 
  113200, Juneau, Alaska 99811-3200 (Phone: (907) 465-3795) or                 
  the office of the Senate Finance Committee Secretary (Phone:                 
  (907) 465-2618).                                                             
                                                                               
                                                                               
  ADJOURNMENT                                                                  
                                                                               
  The meeting was adjourned at approximately 10:55 A.M.