1994-03-11                     House Journal                      Page 2717
HB 381                                                                       
The Labor & Commerce Committee has considered:                                 
                                                                               
HOUSE BILL NO. 381                                                            
"An Act relating to the commercial fishing revolving loan fund                
and the fisheries enhancement revolving loan fund; and providing               
for an effective date."                                                        
                                                                               
and recommends it be replaced with:                                            
                                                                               
CS FOR HOUSE BILL NO. 381(L&C)                                                
(same title)                                                                  
                                                                               
The report was signed by Representative Hudson, Chair, with the                
following individual recommendations:                                          
                                                                               
Do pass (2):  Williams, Hudson                                                 
                                                                               
No recommendation (5):  Porter, Mulder, Mackie, Sitton, Green                  
                                                                               
A House Labor & Commerce Committee letter of intent for CSHB
(L&C), signed by Representative Hudson, Chair, appears below:               
                                                                               
"It is the intent of the House Labor & Commerce Committee that the             
Division of Investments exercise particular care in forecasting loan           
demand in order to fully accommodate all new commercial fishing                
lending needs that arise from the modification of the commercial               
fishing loan program by the Eighteenth Alaska State Legislature.  It is        
further the intent of the House Labor & Commerce Committee that use            
of the Commercial Fisheries Revolving Loan Fund for loans for                  
                                                                               

1994-03-11                     House Journal                      Page 2718
HB 381                                                                       
refinancing purposes succeed all other commercial fishing lending              
needs in priority.  Finally, it is the House Labor & Commerce                  
Committee's intent that transfers of excess funds from the Commercial          
Fisheries Revolving Loan Fund be permitted only after commercial               
fishing loan needs, including any anticipated loans for purchase of            
Individual Fishing Quotas, have been met."                                     
                                                                               
The following fiscal note applies to CSHB 381(L&C):                            
                                                                               
Zero fiscal note, Dept. of Commerce & Economic Development,                    
3/11/94                                                                        
                                                                               
HB 381 was referred to the Finance Committee.