1. Call to order.

2. Remarks by Chairmen and other task force members.

3. Electric restructuring and the potential effect on property tax revenue.
           C. Flippo Hicks, Virginia Association of Counties

4. Declining Block Taxation Proposal: Applicability to Municipal Electric Systems.
           Thomas A. Dick, Municipal Electric Power Association of Va.

5. Declining Block Taxation Proposal: Applicability to Electric Cooperatives.
           Mark Tubbs, Va., Md. & Del. Electric Cooperative Assn.

6. Discussion.

7. Establish workplan/schedule for next task force meeting.

8. Adjournment.

Members: Senator John Watkins, Co-Chairman Delegate Clifton A. Woodrum, Co-Chairman Senator Richard J. Holland Senator Kenneth W. Stolle Delegate Eric I. Cantor

Staff: Division of Legislative Services       Robert Omberg, Staff Attorney       Arlen K. Bolstad, Senior Attorney       Joan E. Putney, Senior Attorney       Stephanie Hamlett, Staff Attorney Senate Committee Clerks Office       Thomas C. Gilman