03/25/1994 08:35 AM House FIN

  HB 450    An  Act relating  to investment  pools for  public                 
            entities; and providing for an effective date.                     
                                                                               
            HB 450  was reported out  of Committee with  a "do                 
  pass"          recommendation and with a zero fiscal note by                 
                 the  Department  of  Community  and  Regional                 
                 Affairs.                                                      
  HOUSE BILL 450                                                               
                                                                               
       "An  Act  relating  to  investment  pools  for   public                 
       entities; and providing for an effective date."                         
                                                                               
  DAVID  ROSE,  (TESTIFIED   VIA  TELECONFERENCE),   FINANCIAL                 
  ADVISOR,  ALASKA  PERMANENT   CAPITAL  MANAGEMENT   COMPANY,                 
  ANCHORAGE,  stated  that HB  450  would allow  public entity                 
  investment pools a  broader ranger of investment  options to                 
  enhance their financial performance.   Mr. Rose outlined the                 
  technical  changes  which  had  been  coordinated  with  the                 
  Commissioner of Revenue.  [Copy on file].                                    
                                                                               
  Representative  Martin  MOVED  to  report   HB  450  out  of                 
  Committee  with  individual  recommendations  and  with  the                 
  accompanying  fiscal note.  There being NO OBJECTION, it was                 
  so ordered.                                                                  
                                                                               
  HB  450  was reported  out  of  Committee with  a  "do pass"                 
  recommendation and  with a fiscal note by  the Department of                 
  Community and Regional Affairs.