Legislature(2017 - 2018)HOUSE FINANCE 519
03/16/2017 01:30 PM House FINANCE
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| Audio | Topic |
|---|---|
| Start | |
| HB106 | |
| HB141 | |
| HB81 | |
| HB56 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | HB 56 | TELECONFERENCED | |
| += | HB 81 | TELECONFERENCED | |
| += | HB 106 | TELECONFERENCED | |
| + | HB 141 | TELECONFERENCED | |
| + | TELECONFERENCED |
HOUSE BILL NO. 81
"An Act making an entity that is exempt from federal
taxation under 26 U.S.C. 501(c)(3), (4), (6), (12), or
(19) (Internal Revenue Code) and a federally
recognized tribe eligible for a loan from the Alaska
energy efficiency revolving loan fund; relating to
loans from the Alaska energy efficiency revolving loan
fund; and relating to the annual report published by
the Alaska Housing Finance Corporation."
4:53:48 PM
BERETT WILBER, STAFF, REPRESENTATIVE KREISS-TOMKINS,
thanked the committee for hearing the bill. She wanted to
provide answers to two outstanding questions from the
previous committee hearing on March 6, 2017. Representative
Kawasaki had asked if political parties would qualify to
apply for loans under the new expanded eligibility
criteria. She responded that they would not. Political
parties were classified as 527 non-profits rather than
501C, 3, 4, 6, 12, or 19 non-profits. Representative Wilson
had asked if the state would be competing with private
lenders with opening the eligibility criteria. She had
asked Katie Conway, the government relations manager at the
Alaska Energy Authority about the energy efficiency loan
landscape in Alaska. She and Ms. Conway concluded that
there were no private lenders set up to do energy
efficiency loans. A person could apply for a regular
construction loan and apply it to energy efficiency
projects. However, energy efficiency loans through the
program were based on the guaranteed savings that would
come from doing energy efficiency retrofits. Traditional
loans were based on the cost of a project and the available
collateral.
Co-Chair Foster indicated that no amendments had been
submitted for the bill. He reported only one zero fiscal
note from the Department of Revenue; Appropriation: Alaska
Housing Finance Corporation; Allocation: Alaska Housing
Finance Corporation Operations; OMB Component Number: 110.
4:56:42 PM
Co-Chair Seaton MOVED to report HB 81 out of Committee with
individual recommendations and the accompanying fiscal
note.
HB 81 was REPORTED out of committee with a "do pass"
recommendation and with a previously published zero fiscal
note: FN1(REV).
4:57:06 PM
AT EASE
4:58:17 PM
RECONVENED