04/17/2010 11:39 AM Senate FIN

CS FOR HOUSE BILL NO. 90(FIN)                                                                                                 
                                                                                                                                
     "An   Act   relating   to   bonding   limitations   and                                                                    
     confidentiality of records and information of the                                                                          
     Alaska Industrial Development and Export Authority;                                                                        
     relating to municipal taxation of interests in certain                                                                     
     property of the Alaska Industrial Development and                                                                          
     Export Authority; providing for an effective date by                                                                       
     amending the effective date of sec. 3, ch. 117, SLA                                                                        
     2000, as amended by sec. 2, ch. 74, SLA 2003, and by                                                                       
     sec. 3, ch. 67, SLA 2008; and providing for an                                                                             
     effective date."                                                                                                           
                                                                                                                              
Co-Chair  Stedman said  it  was the  second  hearing on  the                                                                    
bill. He noted one new  zero fiscal note from the Department                                                                    
of Commerce, Community and Economic Development.                                                                                
                                                                                                                                
Senator Olson MOVED to ADOPT Amendment 1:                                                                                       
                                                                                                                                
     Page 3, following line 16                                                                                                  
     Insert"*SEC.8. The uncodified law of the State of                                                                          
    Alaska is amended by adding a new section to read:                                                                          
     RETROACTIVITY. The amendment in sec. 7 of this Act is                                                                      
     retroactive to November 30, 2009."                                                                                         
     Renumber the following bill sections accordingly.                                                                          
     Page 3, line 17, following "effect"                                                                                        
     Delete all material.                                                                                                       
     Insert "immediately under AS 01.10.070(c)."                                                                                
                                                                                                                                
Co-Chair Stedman OBJECTED for discussion purposes.                                                                              
                                                                                                                                
Senator Olson  informed the committee  that HB  10 addresses                                                                    
the  Delong  Mountain  Transportation  System.  There  is  a                                                                    
perception  that  there  may  be a  gap  in  services.  This                                                                    
amendment  fixes  the  gap  and   makes  it  retroactive  to                                                                    
November 30, 2009.                                                                                                              
                                                                                                                                
Co-Chair  Stedman WITHDREW  his  objection.  There being  NO                                                                    
OBJECTION, it was so ordered.                                                                                                   
                                                                                                                                
Co-Chair  Hoffman  MOVED to  report  CSHB  90 (FIN)  out  of                                                                    
Committee   with   individual    recommendations   and   the                                                                    
accompanying fiscal  note. There being NO  OBJECTION, it was                                                                    
so ordered.                                                                                                                     
                                                                                                                                
SCS CSHB 90  (FIN) was REPORTED out of Committee  with a "do                                                                    
pass" recommendation and with a  new zero fiscal note by the                                                                    
Department of Commerce,  Community        and       Economic                                                                    
Development.