Legislature(2009 - 2010)
04/16/2010 10:47 AM House FIN
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
CS FOR SENATE BILL NO. 292(JUD)
"An Act relating to the registration and operation of
pawnbrokers, to the exemption for pawnbrokers under
the Alaska Small Loans Act, and to the exclusion of
pawnbrokers under certain definitions in the Uniform
Commercial Code; and providing for an effective date."
4:43:01 PM
SENATOR CHARLIE HUGGINS, SPONSOR, explained that the
legislation would create a method for pawnshops in the
state to report and track stolen goods.
Co-Chair Stoltze said that the issue had been discussed
before. He stated that regulations already existed to
regulate and control the goods sold to pawnshops, but that
local municipalities had been noncompliant. He asked if the
legislation would force all pawnshops into conformity.
Senator Huggins replied in the affirmative.
4:46:35 PM
JOSH TEMPEL, STAFF, SENATOR CHARLIE HUGGINS, reported that
the bill has had broad support from ethically managed pawn
shops and law enforcement. He directed attention to the
blank CS, work draft Version "M", of the legislation.
4:47:58 PM AT EASE
5:09:11 PM RECONVENED
Vice-Chair Thomas MOVED to ADOPT HCS CS SB 292, 26-
LS1487\M, Bannister, 4/14/10, as a working document.
Co-Chair Stoltze OBJECTED for the purpose of discussion.
Mr. Tempel relayed that the first change in the CS could be
found on Page 1, Line 8. The change separated pawnshops
from second-hand stores. It raised the limit that could be
received from pawning an item from $500 to $750. The second
change, found on Page 3, Line 24, again altered the number
from $500 to $750. Mr. Tempel shared that the effective
date would be delayed for a year at the request of one
pawnbroker in Soldotna, who needed more time to review the
legislation.
Co-Chair Stoltze questioned the power of one pawnbroker to
alter the effective date. Mr. Tempel replied that all the
other parties involved had been comfortable with the delay.
Senator Huggins added that the delay would allow for a more
successful transition.
Co-Chair Stoltze WITHDREW his OBJECTION. There being NO
OBJECTION, HCS CS SC 292 was ADOPTED as a working document.
JENNIFER STRICKLER, OPERATIONS MANAGER, DIVISION OF
OCCUPATIONAL LICENSING, DEPARTMENT OF COMMERCE, COMMUNITY
AND ECONOMIC DEVELOPMENT, explained that the fiscal note
requested a part-time investigator position the funding for
which would paid by the licensees. She emphasized that the
program was new under centralized licensing.
5:14:25 PM
Co-Chair Stoltze asked if the effective date delay would
result in fees being collected earlier. Ms. Strickler
replied that the fees would be collected starting the
effective date of the bill.
Representative Joule referred to the change in revenue
reflected on the fiscal note. He wondered why the $76,000
skipped from year to year. Ms. Strickler responded that the
number sipped from year to year because licensing was based
on the biennial cycle.
Representative Gara clarified that the revenue would pay
for the expected fiscal impact. Ms. Strickler answered
yes.
Representative Gara asked if the Unfair Trade Practices Act
still governed pawnbroker conduct concerning fraud. Senator
Huggins answered yes.
Co-Chair Stoltze opened public testimony.
FERNANDO PENA, CASH AMERICA, testified in support of the
bill.
ALEX VAUGHN, CASH AMERICA, spoke in support of the
legislation.
Vice-Chair Thomas MOVED to report HCS CSSB 292(FIN) out of
Committee with individual recommendations and the
accompanying fiscal note.
HCS CSSB 292(FIN) was REPORTED out of Committee with "no
recommendation" and attached previously published fiscal
note: FN1 (CED).
5:20:13 PM AT EASE
5:20:26 PM RECONVENED
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