2018-05-07                     House Journal                      Page 3591
HB 119                                                                                                                        
The following was read the second time:                                                                                         
                                                                                                                                
                                                                                                                                

2018-05-07                     House Journal                      Page 3592
    HOUSE BILL NO. 119                                                                                                          
    "An Act relating to the dividends from the Alaska Industrial                                                                
    Development and Export Authority; relating to the meaning of                                                                
    'mark-to-market fair value,' 'net income,' 'project or development,'                                                        
    and 'unrestricted net income' for purposes of the Alaska Industrial                                                         
    Development and Export Authority; and providing for an effective                                                            
    date."                                                                                                                      
                                                                                                                                
with the:                                                  Journal Page                                                         
                                                                                                                                
 L&C RPT 6DP 1NR                                                    723                                                         
 FN1: ZERO(CED)                                                     723                                                         
 FIN RPT CS(FIN) NT 5DP 1NR 5AM                                   3588                                                          
 FN2: ZERO(CED)                                                   3589                                                          
 FN3: ZERO(EED)                                                   3589                                                          
 FN4: (EED/FUND CAP)                                              3589                                                          
                                                                                                                                
Representative Tuck moved and asked unanimous consent that the                                                                  
following committee substitute be adopted in lieu of the original bill:                                                         
                                                                                                                                
    CS FOR HOUSE BILL NO. 119(FIN)                                                                                              
    "An Act relating to a mandatory exemption from municipal                                                                    
    property taxes for certain assets of the Alaska Industrial                                                                  
    Development and Export Authority; relating to dividends from the                                                            
    Alaska Industrial Development and Export Authority; relating to                                                             
    the meanings of 'mark-to-market fair value,' 'net income,' 'project                                                         
    or development,' and 'unrestricted net income' for purposes of the                                                          
    Alaska Industrial Development and Export Authority; and                                                                     
    providing for an effective date."                                                                                           
                                                                                                                                
There being no objection, it was so ordered.                                                                                    
                                                                                                                                
Representative Tuck moved and asked unanimous consent that CSHB
(FIN) be considered engrossed, advanced to third reading, and                                                                
placed on final passage.                                                                                                        
                                                                                                                                
There was objection.                                                                                                            
                                                                                                                                
CSHB 119(FIN) will advance to third reading on tomorrow's calendar.