MINUTES                                                                        
SENATE FINANCE COMMITTEE                                                       
5 March, 1998                                                                  
9:30 a.m.                                                                      
                                                                               
TAPES                                                                          
                                                                               
SFC 98  # 65, Side A (000-108)                                                 
                                                                               
                                                                               
CALL TO ORDER                                                                  
                                                                               
Senator Bert Sharp, Co-chair, convened the meeting at                          
approximately 9:30 a.m.                                                        
                                                                               
                                                                               
PRESENT                                                                        
                                                                               
In addition to Co-chairman Sharp, Senators Pearce,                             
Torgerson, Adams and Phillips were present when the meeting                    
was convened.                                                                  
                                                                               
Also Attending:  Senator JERRY WARD; BRUCE BOTELHO, Attorney                   
General, Department of Law; BARBARA RITCHIE, Deputy Attorney                   
General, Civil Division, DOL; TINA KOBAYASHI, Assistant                        
Attorney General, Oil, Gas and Mining Section, DOL; JEFF                       
LANDRY, Assistant Attorney General, OGMS, DOL; MIKE GREANY,                    
Director, Division of Legislative Finance; GRETCHEN MANNIX,                    
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 LITIGATION                                                         
                                                                               
The committee went into executive session at approximately                     
9:45 a.m.                                                                      
                                                                               
The public portion of 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.)                                
SFC-98 (2) 03/05/98 am