Legislature(2001 - 2002)

04/25/2002 02:14 PM FIN

Audio Topic
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
HOUSE BILL NO. 287                                                                                                            
                                                                                                                                
     "An Act relating to the exemption  of commercial fishing                                                                   
     entry  permits from  claims  of creditors,  to loans  to                                                                   
     satisfy past  due federal tax obligations  of commercial                                                                   
     fishing  entry permit holders,  and to loan  origination                                                                   
     charges for  loans made by  the commercial  fishing loan                                                                   
     program  to refinance a  debt obligation; and  providing                                                                   
     for an effective date."                                                                                                    
                                                                                                                                
Co-Chair   Mulder   MOVED   to   ADOPT   proposed   committee                                                                   
substitute, work draft LS1106\S,  dated 4/24/02. He explained                                                                   
that  the  draft  takes  out   sections  of  the  legislation                                                                   
pertaining   to  reconfiguration   of   the  loan.   Portions                                                                   
requested  by the Limited  Entry Commission  were retain  and                                                                   
the  legislation  meets  with the  Commission  and  sponsor's                                                                   
concurrence.                                                                                                                    
                                                                                                                                
Co-Chair  Mulder  MOVED  to  report CSHB  287  (FIN)  out  of                                                                   
Committee with  the accompanying fiscal note.  There being NO                                                                   
OBJECTION, it was so ordered.                                                                                                   
                                                                                                                                
CSHB  287 (FIN)  was REPORTED  out  of Committee  with a  "do                                                                   
pass"  recommendation  and  with   two  previously  published                                                                   
fiscal notes: DFG #1 and CED #2.                                                                                                
#318                                                                                                                            
HOUSE BILL NO. 318                                                                                                            
                                                                                                                                
     "An  Act   relating  to   a  health  insurance   uniform                                                                   
     prescription  drug information  card; and providing  for                                                                   
     an effective date."                                                                                                        
                                                                                                                                
Co-Chair   Mulder   MOVED   to   ADOPT   proposed   committee                                                                   
substitute, work  draft LS1061\X, dated 4/24/02.  There being                                                                   
NO  OBJECTION, it  was so  ordered.   He  explained that  the                                                                   
committee substitute  extends the  effective date to  July 1,                                                                   
2004. He acknowledged that the  amendment is a compromise and                                                                   
noted  that the  sponsor concurs.  The  effective date  would                                                                   
allow a transition period.                                                                                                      
                                                                                                                                
Co-Chair  Mulder  MOVED  to  report CSHB  318  (FIN)  out  of                                                                   
Committee with  the accompanying fiscal note.  There being NO                                                                   
OBJECTION, it was so ordered.                                                                                                   
                                                                                                                                
CSHB  318 (FIN)  was REPORTED  out  of Committee  with a  "do                                                                   
pass"  recommendation  and  with   two  previously  published                                                                   
fiscal notes: ADM #1 and CED #2.                                                                                                
#519                                                                                                                            
HOUSE BILL NO. 519                                                                                                            
                                                                                                                                
     "An Act authorizing priority  treatment under the Right-                                                                   
     of-Way  Leasing Act  for an Alaska  North Slope  natural                                                                   
     gas project;  expanding the scope  for the kinds  of gas                                                                   
     development projects that  may become qualified projects                                                                   
     under   the  Alaska   Stranded   Gas  Development   Act;                                                                   
     extending  the  deadline   for  submitting  applications                                                                   
     under   the  Alaska   Stranded   Gas  Development   Act;                                                                   
     exempting  an Alaska  North  Slope  natural gas  project                                                                   
     from state  property tax and all municipal  taxes during                                                                   
    construction; and providing for an effective date."                                                                         
                                                                                                                                
Co-Chair Mulder MOVED to ADOPT  proposed committee substitute                                                                   
22-LS1651\W, dated 4/25/02. There  being NO OBJECTION, it was                                                                   
so ordered.                                                                                                                     
                                                                                                                                
REPRESENTATIVE  PETE KOTT, SPONSOR,  discussed the  committee                                                                   
substitute.  He noted  explained that  the railroad bill  was                                                                   
included in the legislation: sections  2, 4, 5, 6, and 14. He                                                                   
discussed other changes  to the legislation. An  end date, of                                                                   
December  31, 2015,  for  application of  the  tax break  was                                                                   
added on page 7 lines 1 - 24.   Language on page 9, line 10 -                                                                   
13 clarifies that  the exemption must be applied  for and the                                                                   
negotiation process must be agreed to.                                                                                          
                                                                                                                                
HB  519  was   heard  and  HELD  in  Committee   for  further                                                                   
consideration.                                                                                                                  

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