2002-05-10                     House Journal                      Page 3483
SB 181                                                                                            
The Community & Regional Affairs Committee has considered:                                          
                                                                                                    
    CS FOR SENATE BILL NO. 181(FIN) am                                                              
    "An Act relating to and increasing the interest rate on that portion                            
    of a loan for a single-family house or owner-occupied duplex that                               
    exceeds $200,000 where the loan is for a house or duplex in a                                   
    small community with a population of 6,500 or less that is not                                  
    connected by road or rail to Anchorage or Fairbanks, or with a                                  
    population of 1,600 or less that is connected by road or rail to                                
    Anchorage or Fairbanks for purposes of the small community                                      
    housing program of the Alaska Housing Finance Corporation;                                      
    relating to loans for teacher housing in which each unit that is not                            
    vacant is occupied by at least one individual who is employed as a                              
    certificated teacher in a public elementary or secondary school in                              
    a small community with a population of 6,500 or less that is not                                
    connected by road or rail to Anchorage or Fairbanks, or with a                                  
    population of 1,600 or less that is connected by road or rail to                                
    Anchorage or Fairbanks, and increasing the interest rate on the                                 
    loans if this occupancy requirement is not complied with; and                                   
    providing for an effective date."                                                               
                                                                                                    
and recommends it be replaced with:                                                                 
                                                                                                    
    HOUSE CS FOR CS FOR SENATE BILL NO. 181(CRA)                                                    
    "An Act relating to and increasing the interest rate on that portion                            

2002-05-10                     House Journal                      Page 3484
    of a loan for a single family house or owner-occupied duplex in a                               
    small community that exceeds $300,000; relating to the Alaska                                   
    Housing Finance Corporation's rural assistance loan program and                                 
    to loans for teacher housing in small communities."                                             
                                                                                                    
    (pending authorization by a concurrent resolution)                                              
                                                                                                    
The report was signed by Representatives Morgan and Meyer, Co-                                      
chairs, with the following individual recommendations:                                              
                                                                                                    
Do pass (4):  Kerttula, Murkowski, Morgan, Meyer                                                    
                                                                                                    
No recommendation (2):  Scalzi, Guess                                                               
                                                                                                    
The following fiscal note(s) apply to HCS CSSB 181(CRA):                                            
                                                                                                    
1.  Indeterminate, Dept. of Revenue                                                                 
                                                                                                    
CSSB 181(FIN) am was referred to the Finance Committee