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GISB Gets Three-Year Lease on Life

GISB Gets Three-Year Lease on Life

The sun likely won't set on the Gas Industry Standards Board until at least the end of 2001. After about an hour of debate last Thursday, the GISB board of directors voted to extend GISB's sunset clause from Dec. 31, 1998 to Dec. 31, 2001. Had the board not extended the clause, GISB would have ceased to exist at year-end. The original resolution called for extending the clause to Dec. 31, 2000. Some on the board wanted to do away with the clause. Had there been enough support for that, future disbanding of GISB could result only from a majority vote by the board. Others wanted the sunset clause not to come up again for four or five years. GISB Executive Director Rae McQuade said she was happy with the board decision.

"It means a vote of confidence because it was two; now it's three [years]," McQuade said. "I think that the board is more comfortable with the effectiveness of our organization, but clearly they feel that the sunset provision is one that affords them a level of security to maintain the focus of the organization. I think that three years is a good compromise. I think that two years tends to be disruptive to the organization as the sunset provision approaches."

Joe Fisher, Houston

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