03/31/1993 05:00 PM House ECO

  HB 14 APPROP:  BIDCO FUND                                                    
                                                                               
  CHAIR MACLEAN announced that the next bill was HB 14 ("An                    
  Act making an appropriation for capitalization of the BIDCO                  
  fund; and providing for an effective date.")  She stated                     
  that this was the BIDCO bill with $10,000,000 from the                       
  Alaska Science and Technology Foundation endowment.                          
                                                                               
  Number 272                                                                   
                                                                               
  REPRESENTATIVE DAVIS said, "The figures had been changed to                  
  read for a total amount of $10,000,000 with $3,000,000 to be                 
  given in this particular year so they can begin the BIDCO                    
  process because Science and Technology said they do not have                 
  that without going into the corpus of their $100,000,000."                   
                                                                               
  Number 288                                                                   
                                                                               
  REPRESENTATIVE HUDSON said the bill was good for business                    
  and the revised amounts made it more "do-able."                              
                                                                               
  Number 298                                                                   
                                                                               
  REPRESENTATIVE JAMES asked if the $3,000,000 would just "sit                 
  there" in the fund.                                                          
                                                                               
  Number 310                                                                   
                                                                               
  REPRESENTATIVE DAVIS said it would not just sit there, it                    
  would be used to start setting up BIDCOs.                                    
                                                                               
  Number 323                                                                   
                                                                               
  REPRESENTATIVE HUDSON suggested waiting until a committee                    
  substitute was adopted before deciding whether the Task                      
  Force wanted to co-sponsor this bill.                                        
  HB 14 APPROP:  BIDCO FUND                                                    
                                                                               
  Number 508                                                                   
                                                                               
  REPRESENTATIVE DAVIS asked for a time certain for a decision                 
  on co-sponsoring the BIDCO bill (HB 14).                                     
                                                                               
  REPRESENTATIVE HUDSON said he saw no reason not to co-                       
  sponsor it.                                                                  
                                                                               
  Number 527                                                                   
                                                                               
  REPRESENTATIVE VEZEY stated that the committee substitute                    
  made no sense in the change from $3,000,000 to $10,000,000.                  
                                                                               
  REPRESENTATIVE DAVIS said the total appropriation would be                   
  $10,000,000.                                                                 
                                                                               
  Number 540                                                                   
                                                                               
  CHAIR MACLEAN added that the $3,000,000 would be for start-                  
  up and the $10,000,000 would be in the pot to be used.  To                   
  provide a "time certain," she stated that a decision                         
  regarding co-sponsorship of this bill would be made at the                   
  next meeting.                                                                
                                                                               
  Number 555                                                                   
                                                                               
  The meeting was ADJOURNED at 6:00 p.m.