MINUTES                                                                        
SENATE FINANCE COMMITTEE                                                       
25 February, 1998                                                              
9:10 a.m.                                                                      
                                                                               
TAPES                                                                          
                                                                               
SFC 98  # 45, Side A (000-590)                                                 
      Side B (590-507)                                                         
                                                                               
CALL TO ORDER                                                                  
                                                                               
Senator Drue Pearce, Co-chair, convened the meeting at                         
approximately 9:10 a.m.                                                        
                                                                               
                                                                               
PRESENT                                                                        
                                                                               
In addition to Co-chairman Pearce, Senators Sharp, Parnell                     
and Phillips were present when the meeting was convened.                       
Senators Donley, Torgerson and Adams arrived shortly                           
thereafter.                                                                    
                                                                               
Also Attending:  BRIAN SONNER, Special Assistant, Office of                    
the Commissioner, Department of Natural Resources; KEN BOYD,                   
Director, Division of Oil and Gas, DNR; PATRICK COUGHLIN,                      
Deputy Director, DOG, DNR; NICO BUS, Chief, Financial                          
Services, Division of Support Services, DNR; MIKE GREANY,                      
Director, Division of Legislative Finance; JIM HAUCK, Fiscal                   
Analyst, DLF; and aides to committee members and other                         
members of the Legislature.                                                    
                                                                               
                                                                               
SUMMARY INFORMATION                                                            
                                                                               
SENATE BILL NO. 229                                                            
"An Act making appropriations for the operating and                            
loan program expenses of state government, for certain                         
programs, and to capitalize funds; making                                      
appropriations under art. IX, sec. 17(c), Constitution                         
of the State of Alaska, from the constitutional budget                         
reserve fund; and providing for an effective date."                            
                                                                               
RESULTS BASED GOVERNMENT WORKSESSION                                           
Focusing on:                                                                   
                                                                               
OIL AND GAS DEVELOPMENT                                                        
                                                                               
Presented by:                                                                  
DEPARTMENT OF NATURAL RESOURCES                                                
                                                                               
                                                                               
The meeting was recorded and handwritten log notes were                        
taken.  A copy of the tape and log notes may be obtained by                    
contacting the office of the Senate Finance Committee                          
Secretary (Phone (907) 465-2618) or the Legislative Library                    
(Phone (907) 465-3808.)                                                        
                                                                               
                                                                               
ADJOURNMENT                                                                    
                                                                               
Co-Chair Pearce adjourned the meeting at approximately                         
10:15 a.m.                                                                     
SFC-98 (2) 02/25/98 am