2014-04-20                     House Journal                      Page 2716
                                                                                                                                
 (b) This section constitutes legislative approval required by                                                                  
AS 44.88.095(g)."                                                                                                               
                                                                                                                                
Representative Herron moved and asked unanimous consent that                                                                    
Amendment No. 1 be adopted.                                                                                                     
                                                                                                                                
Objection was heard and withdrawn.                                                                                              
                                                                                                                                
Representatives Kito III and Holmes moved and asked unanimous                                                                   
consent that they be allowed to abstain from voting because of a                                                                
conflict of interest.  Objection was heard, and the members were                                                                
required to vote.                                                                                                               
                                                                                                                                
There being no further objection, Amendment No. 1 was adopted, and                                                              
the new title follows:                                                                                                          
                                                                                                                                
                          HOUSE CS FOR CS FOR SENATE BILL NO. 140(FIN) am H                                                    
      "An Act creating the Arctic infrastructure development program                                                            
      and fund in the Alaska Industrial Development and Export                                                                  
      Authority; and relating to dividends from the Alaska Industrial                                                           
      Development and Export Authority; and authorizing the Alaska                                                              
      Industrial Development and Export Authority to issue bonds to                                                             
      finance the infrastructure and construction costs of the Arctic                                                           
      Fibre and Quintillion Networks fiber optics project."                                                                     
                                                                                                                                
                                                                                                                                
Amendment No. 2 was offered  by Representative Herron:                                                                           
                                                                                                                                
Page 7, following line 26:                                                                                                      
      Insert a new subsection to read:                                                                                          
            "(d) The authority may guarantee a loan under AS 44.88.830                                                          
      if the loan is made to a business with a majority interest held by                                                        
      state residents."                                                                                                         
                                                                                                                                
Page 8, lines 9 - 11:                                                                                                           
      Delete all material and insert:                                                                                           
                         "(B)  the purchase, construction, improvement,                                                         
            rehabilitation, or expansion of a shore-based plant, facility,                                                      
            equipment, or assets used in support of a fishery in the                                                            
            Arctic."