Legislature(1999 - 2000)
1999-05-17 Senate Journal
Full Journal pdf1999-05-17 Senate Journal Page 1569 HB 83 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 1999-05-17 Senate Journal Page 1570 HB 83 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 was read the second time. Senator Mackie moved and asked unanimous consent that the bill be advanced to third reading and placed on final passage. Senator Donley objected, then withdrew his objection. There being no further objections, it was so ordered. CS FOR HOUSE BILL NO. 83(JUD)(title am) was read the third time. The question being: Shall CS FOR HOUSE BILL NO. 83(JUD)(title am) ALASKA SECURITIES ACT, pass the Senate? The roll was taken with the following result: CSHB 83(JUD)(title am) Third Reading - Final Passage Effective Dates YEAS: 14 NAYS: 6 EXCUSED: 0 ABSENT: 0 Yeas: Adams, Donley, Ellis, Elton, Hoffman, Kelly Tim, Leman, Lincoln, Mackie, Miller, Parnell, Pearce, Torgerson, Wilken Nays: Green, Halford, Kelly Pete, Phillips, Taylor, Ward 1999-05-17 Senate Journal Page 1571 HB 83 and so, CS FOR HOUSE BILL NO. 83(JUD)(title am) passed the Senate. Senator Mackie moved and asked unanimous consent that the vote on the passage of the bill be considered the vote on the effective date clauses. Without objection, it was so ordered and the bill was signed by the President and Secretary and returned to the House.