2010-02-26                     House Journal                      Page 1601
     of expenditures and independent expenditures, the filing of                                                                
     reports, and the identification of certain communications in state                                                         
     election campaigns; and providing for an effective date."                                                                  
                                                                                                                                
was read the first time and referred to the State Affairs and Judiciary                                                         
Committees.                                                                                                                     
                                                                                                                                
HB 410                                                                                                                        
HOUSE BILL NO. 410 by the House Rules Committee by request of                                                                   
the Governor, entitled:                                                                                                         
                                                                                                                                
     "An Act relating to loan participations and development finance                                                            
     projects of the Alaska Industrial Development and Export                                                                   
     Authority; and relating to loans from the rural development                                                                
     initiative fund."                                                                                                          
                                                                                                                                
was read the first time and referred to the Labor & Commerce and                                                                
Finance Committees.                                                                                                             
                                                                                                                                
The following fiscal note(s) apply:                                                                                             
                                                                                                                                
1.  Zero, Dept. of Commerce, Community, & Economic Development                                                                  
2.  Zero, Dept. of Revenue                                                                                                      
3.  Zero, Dept. of Transportation & Public Facilities                                                                           
                                                                                                                                
The Governor's transmittal letter dated February 25, 2010, follows:                                                             
                                                                                                                                
"Dear Speaker Chenault:                                                                                                         
                                                                                                                                
Under the authority of Art. III, Sec. 18, of the Alaska Constitution, I                                                         
am transmitting a bill relating to loan participations and development                                                          
finance projects of the Alaska Industrial Development and Export                                                                
Authority. The bill will also make changes to the loan program                                                                  
financed by the rural development initiative fund.                                                                              
                                                                                                                                
This bill is designed to modernize lending practices of the Alaska                                                              
Industrial Development and Export Authority (Authority) so that                                                                 
Authority loan programs can benefit the economy, and the Authority                                                              
can more easily be a participant in large scale economic development                                                            
projects with other partners. First, the bill will change how the