1999-05-16                     Senate Journal                      Page 1512
HB 83                                                                        
The Judiciary Committee considered CS FOR HOUSE BILL NO.                       
83(JUD)(title am) An Act relating to certain securities occupations            
and investment pools; relating, with regard to the Alaska Securities           
Act, to federal covered securities, the registration of securities, the        
general exemptions for securities and transactions, Internet offers of         
securities and transactions, file confidentiality, petitions to superior       
court by the administrator to reduce civil penalties to judgment, time         
limits for bringing court actions for violations, administrator-               
established fees and administrator-required reimbursements, consent            
to service, title, sales, purchases, offers to sell, and offers to             
purchase; exempting certain violations of the Alaska Securities Act            
from criminal penalties; amending or repealing certain current                 
definitions in the Alaska Securities Act; providing new Alaska                 
Securities Act definitions for certain securities occupations, for             
certain federal statutes, and for the terms advisory client, advisory          
fee, advisory services, clients who are natural persons, federal               
covered security, investment advisory business, investment                     
advisory contract, NASDAQ, notice filing, place of business,                   
principal place of business, securities business, substantial portion          
of the business, and supervised person; and providing for an                   
effective date. Signing do pass: Senator Taylor, Chair, Senator Ellis.         
Signing no recommendation: Senator Halford.                                    
                                                                               
Previous House zero fiscal note.                                               
                                                                               
The bill was referred to the Rules Committee.