2016-04-12                     Senate Journal                      Page 2473
SB 108                                                                                                                        
The Judiciary Committee considered SENATE BILL NO. 108 "An                                                                      
Act repealing and reenacting the Alaska Securities Act, including                                                               
provisions relating to exempt securities and transactions; relating to                                                          
registration of securities, firms, and agents that offer or sell securities                                                     
and investment advice; relating to administrative, civil, and criminal                                                          
enforcement provisions, including restitution and civil penalties for                                                           
violations; allowing certain civil penalties to be used for an investor                                                         
training fund; establishing increased civil penalties for harming older                                                         
Alaskans; retaining provisions concerning corporations organized                                                                
under the Alaska Native Claims Settlement Act; amending Rules 4, 5,                                                             
54, 65, and 90, Alaska Rules of Civil Procedure; and providing for an                                                           
effective date" and recommended the adoption of the Labor and                                                                   
Commerce Committee Substitute offered on page 2027. Signing no                                                                  
recommendation: Senator McGuire, Chair; Senators Micciche,                                                                      
Coghill, Wielechowski. Signing do pass: Senator Costello.                                                                       
                                                                                                                                
                                                                                                                                

2016-04-12                     Senate Journal                      Page 2474
The following previously published fiscal information applies:                                                                  
     Fiscal Note No. 2, zero, Department of Administration                                                                      
     Fiscal Note No. 3, indeterminate, Department of Commerce,                                                                  
      Community and Economic Development                                                                                        
                                                                                                                                
The bill was referred to the Finance Committee.