Legislature(2017 - 2018)HOUSE FINANCE 519

04/17/2017 01:30 PM FINANCE

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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
-- Recessed to 4/18/17 at 9:45 AM --
+ HB 124 BENEFIT CORPORATIONS TELECONFERENCED
Heard & Held
+ HB 91 APOC REGISTRATION FEES; LOBBYIST TAX TELECONFERENCED
Heard & Held
+ HB 25 INSURANCE COVERAGE FOR CONTRACEPTIVES TELECONFERENCED
Heard & Held
+ SB 88 AK MENTAL HEALTH TRUST LAND EXCHANGE TELECONFERENCED
Scheduled but Not Heard
+ Bills Previously Heard/Scheduled TELECONFERENCED
HOUSE BILL NO. 124                                                                                                            
                                                                                                                                
     "An Act relating to corporations, including benefit                                                                        
     corporations, and other entities; and providing for an                                                                     
     effective date."                                                                                                           
                                                                                                                                
2:32:25 PM                                                                                                                    
                                                                                                                                
Representative  Kito briefly  reviewed  the legislation.  He                                                                    
summarized that  the bill  established a  separate corporate                                                                    
classification  called  "benefit  corporations."  He  voiced                                                                    
that  benefit corporations  allowed  corporations to  follow                                                                    
direction other  than fiduciary and perform  other functions                                                                    
besides  profit driven  objectives in  order to  operate and                                                                    
provide benefits to other organizations.                                                                                        
                                                                                                                                
BIANCA CARPENETI, STAFF, REPRESENTATIVE SAM KITO, read from                                                                     
a prepared statement:                                                                                                           
                                                                                                                                
     My  testimony will  start with  the aim  of this  bill,                                                                    
     some   of  the   arguments  in   favor  of   a  benefit                                                                    
     corporation,  and then  offer an  overview of  the bill                                                                    
     itself.     After  my   presentation,  there   are  two                                                                    
     individuals online for invited  testimony.  Also, Janey                                                                    
     Hovenden,   Director  of   Division  of   Corporations,                                                                    
     Business  &  Professional  Licensing is  here  to  take                                                                    
     questions   for  the   department.     Finally,   Terry                                                                    
     Bannister  from Legislative  Legal is  on the  phone to                                                                    
     answer drafting questions.                                                                                                 
                                                                                                                                
     The  purpose of  HB 124  is to  expand the  options for                                                                    
     Alaskan entrepreneurs  and investors  by placing  a new                                                                    
     type  of corporate  entity, a  benefit corporation,  in                                                                    
     Alaska statute.  A benefit corporation is  a for-profit                                                                    
     corporation  that  incorporates   public  benefits  and                                                                    
     community improvements  into their  business practices,                                                                    
     no matter the principal  services or products provided.                                                                    
     Corporate  law   generally  requires   corporations  to                                                                    
     consider the financial impact  to their shareholders as                                                                    
     the  top priority  when making  decisions.   Maximizing                                                                    
     corporate  returns can  interfere with  other corporate                                                                    
     goals, such as electing  to do something beneficial for                                                                    
     the community by enhancing social benefits.                                                                                
                                                                                                                                
     A benefit corporation is a  corporate entity that would                                                                    
     have an expanded purpose  beyond maximizing share value                                                                    
     to  explicitly  include  general  and  specific  public                                                                    
     benefit;                                                                                                                   
        · Considers/balances the impact of their decisions                                                                      
          not  only  on  shareholders   but  also  on  their                                                                    
          stakeholders;                                                                                                         
        · Must make available to the public a regular                                                                           
          benefit report that  assesses their overall social                                                                    
          and  environmental  performance  against  a  third                                                                    
          party standard.                                                                                                       
                                                                                                                                
     Three arguments in support  of laws establishing public                                                                    
     benefit corporations:                                                                                                      
        · Creates    legal   requirements    that   regulate                                                                    
          corporations  claiming  to   work  towards  social                                                                    
          good: Becoming  a benefit  corporation as  a legal                                                                    
          entity means a business  that says it is dedicated                                                                    
          to the public good  will have to substantiate this                                                                    
          claim,  similar to  how  qualifying as  tax-exempt                                                                    
          helps define  nonprofits as  charitable. Moreover,                                                                    
          benefit  corporations'  reporting requirements  to                                                                    
          shareholders, the state, and  the public provide a                                                                    
          degree  of  transparency that  corporations  could                                                                    
          otherwise refuse to provide.                                                                                          
        · Promotes    societal   benefits    by   clarifying                                                                    
          fiduciary duty:  Entrepreneurs are more  likely to                                                                    
          pursue lines of business  in a socially beneficial                                                                    
          way when  the law ensures that  pursuit of profits                                                                    
          does  not   need  to  be  the   highest  priority.                                                                    
          Likewise,  investors  concerned  with  the  public                                                                    
          good are given an alternative.                                                                                        
        · Provides legal protection for companies that seek                                                                     
          purpose-driven  partnerships  Benefit  corporation                                                                    
          legislation    allows   entities    to   undertake                                                                    
          beneficial    partnerships    that    conventional                                                                    
          corporations   might  shun   out   of  fear   that                                                                    
          shareholders would not see it  as a venture likely                                                                    
          to be profitable.                                                                                                     
                                                                                                                                
Ms. Carpeneti read the sectional analysis of HB 124:                                                                            
                                                                                                                                
     Section  1  10.06.633(a) Establishes  how  corporations                                                                    
     may  be dissolved  and is  amended  to include  benefit                                                                    
     corporations; (a8) declares  that a benefit corporation                                                                    
     is  dissolved if  delinquent for  6 months  or more  in                                                                    
     including its benefit report in  the biennial report or                                                                    
     in paying the benefit report filing fee.                                                                                   
     Section  2  Adds   a  new  chapter  to   AS  10  Alaska                                                                    
     corporations code, chapter 60- Benefit Corporations.                                                                       
                                                                                                                                
     Article 1                                                                                                                  
     Establishes how a  business corporation may incorporate                                                                    
     or amend  its status  to become a  benefit corporation;                                                                    
     that the  benefit corporation shall  have a  purpose of                                                                    
     creating  general public  benefit from  all effects  of                                                                    
     its  business   and  operations  and  may   identify  a                                                                    
     specific  public  benefit;  requires  that  any  status                                                                    
     change  must  be  approved by  the  minimum  two-thirds                                                                    
     vote.                                                                                                                      
                                                                                                                                
     Section  10.60.010  Establishes   how  a  new  business                                                                    
     corporation or an existing entity  may become a benefit                                                                    
     corporation; declares that an  amendment of an existing                                                                    
     corporation  must be  adopted by  at least  the minimum                                                                    
     two-thirds vote.                                                                                                           
     Section  10.60.020 States  that if  an existing  entity                                                                    
     that is not a benefit  corporation will become one as a                                                                    
     result of a merger or  other status change, the plan of                                                                    
     merger or  status change must  be approved by  at least                                                                    
     the minimum required vote.                                                                                                 
                                                                                                                                
     Section 10.60.030 In addition  to its corporate purpose                                                                    
     under  existing corporate  statute  AS 10.06.005,  this                                                                    
     states that a benefit  corporation shall have a purpose                                                                    
     of creating general public benefit  from all effects of                                                                    
     its  business  and  operations   and  creation  of  the                                                                    
     general public benefit is determined  to be in the best                                                                    
     interest of the benefit corporation.                                                                                       
                                                                                                                                
     Section  10.60.040  Allows  a  benefit  corporation  to                                                                    
     identify or  amend its articles  to include  a specific                                                                    
     public  benefit  purpose  in addition  to  its  general                                                                    
     public benefit  purpose and lists examples  of specific                                                                    
     public benefits.                                                                                                           
                                                                                                                                
     Section   10.60.050  Clarifies   that  a   professional                                                                    
     corporation  formed under  AS  10.45  does not  violate                                                                    
     this  statute  by  being a  benefit  corporation  under                                                                    
     10.60.                                                                                                                     
                                                                                                                                
     Section 10.60.060  Provides that a  benefit corporation                                                                    
     may  terminate  its  benefit  status  by  amending  its                                                                    
     articles,  or  by being  party  to  a merger  or  other                                                                    
     status  change,  which   would  terminate  its  benefit                                                                    
     corporation status;  both must be approved  by at least                                                                    
     the minimum required vote.                                                                                                 
                                                                                                                                
     Section 10.60.070 States that  if a benefit corporation                                                                    
     disposes of all or substantially  all of its assets the                                                                    
     transaction,  unless it  is in  the  usual and  regular                                                                    
     course  of business,  must be  approved by  the minimum                                                                    
     status vote required.                                                                                                      
                                                                                                                                
     Article 2                                                                                                                  
     Establishes the  duties of the board  and the directors                                                                    
     and enumerates  seven factors  that must  be considered                                                                    
     while making decisions; clarifies  that a director of a                                                                    
     benefit corporation  is not  personally liable  for the                                                                    
     failure to create a general  public benefit if they are                                                                    
     acting  in  compliance with  the  chapter  and in  good                                                                    
     faith.                                                                                                                     
                                                                                                                                
     Section  10.60.100 Establishes  seven factors  that the                                                                    
     board  of  directors  and  individual  directors  of  a                                                                    
     benefit  corporation shall  consider while  discharging                                                                    
     their duties. The directors  of the benefit corporation                                                                    
     are not required  to give priority to any  one of these                                                                    
     listed factors  unless the intention to  prioritize has                                                                    
     been identified  in the benefit  corporation's articles                                                                    
     of incorporation.                                                                                                          
                                                                                                                                
     Section  10.60.110 States  that consideration  of these                                                                    
     factors is not a  violation of existing Alaska statutes                                                                    
     regarding  the duties  and rights  of corporate  boards                                                                    
     (AS 10.06.450).                                                                                                            
                                                                                                                                
     Section 10.60.120  Except as  provided in  the articles                                                                    
     of  incorporation, this  states  that a  director of  a                                                                    
     benefit  corporation  is   not  personally  liable  for                                                                    
     monetary damages  for action,  inaction, or  failure of                                                                    
     the  benefit corporation  to  create  a general  public                                                                    
     benefit if  the duties  of the director  were performed                                                                    
     in compliance with this chapter or AS 10.06.450.                                                                           
     Section  10.60.130  Clarifies  that  a  director  of  a                                                                    
     benefit corporation  does not have  a duty to  a person                                                                    
     solely  because that  person is  a  beneficiary of  the                                                                    
     benefit  corporation's   general  or   specific  public                                                                    
     benefit purpose.                                                                                                           
                                                                                                                                
     Section  10.60.140  Declares  that   a  director  of  a                                                                    
     benefit corporation  who makes  a business  judgment in                                                                    
     good faith fulfills their duties  under this chapter if                                                                    
     they are  not personally  invested in the  subject, are                                                                    
     informed  on the  subject of  the judgment,  rationally                                                                    
     believe the  business judgment is in  the best interest                                                                    
     of the benefit corporation,  and consider the interests                                                                    
     and factors listed under AS 10.60.100 (above).                                                                             
                                                                                                                                
     Article 3                                                                                                                  
     Directs  how  the board  of  a  benefit corporation  my                                                                    
     designate  a benefit  director,  who shall  not have  a                                                                    
     material  relationship with  the corporation;  outlines                                                                    
     the  benefit director's  role,  especially relating  to                                                                    
     the biennial  benefit report;  allows that  the benefit                                                                    
     director shall  have the  same role  and rights  as any                                                                    
     other director of the benefit corporation.                                                                                 
                                                                                                                                
     Section 10.60.150  Allows that a board  of directors of                                                                    
     a benefit corporation may  include a designated benefit                                                                    
     director.  A  benefit  director  shall  have  the  same                                                                    
     duties  and rights  as other  directors but  shall also                                                                    
     have additional  duties (described below), such  as the                                                                    
     preparation of the annual compliance statement.                                                                            
                                                                                                                                
     Section 10.60.160  States that  the board of  a benefit                                                                    
     corporation will  elect and  remove a  benefit director                                                                    
     following the  manner of  general Alaska  corporate law                                                                    
     under AS 10.06.453.                                                                                                        
                                                                                                                                
     Section  10.60.170  Directs  that  a  benefit  director                                                                    
     shall not  have a material relationship  (defined under                                                                    
     AS.10.60.220)  with  the  benefit  corporation  or  its                                                                    
     subsidiaries   and   allows  for   additional   benefit                                                                    
     director     qualifications    under     the    benefit                                                                    
     corporation's articles or bylaws.                                                                                          
                                                                                                                                
     Section  10.60.180  Declares  that a  benefit  director                                                                    
     shall  prepare a  biennial compliance  statement to  be                                                                    
     included  in the  benefit corporation's  annual report.                                                                    
     The  compliance  statement  will  include  the  benefit                                                                    
     director's   opinion  on   the  benefit   corporation's                                                                    
     achievement of its general  public benefit purpose, any                                                                    
     specific   public  benefit   purpose,  the   director's                                                                    
     compliance  with  their  duties, and  any  failures  in                                                                    
     these sections.                                                                                                            
                                                                                                                                
     Section 10.60.190  Equates the actions or  inactions of                                                                    
     a  benefit director  with actions  or inactions  of any                                                                    
     director of the benefit corporation.                                                                                       
                                                                                                                                
     Section  10.60.200 States  that a  benefit director  is                                                                    
     not  personally  liable  for   actions  done  in  their                                                                    
     capacity   as  benefit   director  unless   the  action                                                                    
    constitutes willful misconduct or violation of law.                                                                         
                                                                                                                                
     Section 10.60.210  Provides that a benefit  director of                                                                    
     a  professional  corporation  that is  also  a  benefit                                                                    
     corporation is  not prohibited  from having  a material                                                                    
     relationship   with  the   benefit  corporation   or  a                                                                    
     subsidiary.                                                                                                                
                                                                                                                                
     Section  10.60.220   Establishes  the   guidelines  for                                                                    
     determining  whether a  benefit director  of a  benefit                                                                    
     corporation  has  a   material  relationship  with  the                                                                    
     benefit corporation or a subsidiary.                                                                                       
                                                                                                                                
     Article 4                                                                                                                  
     Directs  an   officer  of  a  benefit   corporation  to                                                                    
     consider  the factors  enumerated  under  the board  of                                                                    
     directors; clarifies  the duties  of an  officer acting                                                                    
     in good  faith; and  allows that a  benefit corporation                                                                    
     may designate a benefit  officer, who shall have duties                                                                    
     similar to the benefit director.                                                                                           
                                                                                                                                
     Section  10.60.230  Directs  an officer  of  a  benefit                                                                    
     corporation  to  consider  the  factors  listed  in  AS                                                                    
     10.60.100 (duties  of the directors) if  the officer is                                                                    
     in the position to act in  a way that may influence the                                                                    
     creation of  general public benefit or  specific public                                                                    
     benefit.                                                                                                                   
                                                                                                                                
     Section  10.60.240  States  that an  officer  does  not                                                                    
     violate  current general  corporate statutes  regarding                                                                    
     duties of officers (AS  10.06.483) when considering the                                                                    
     factors previously mentioned above.                                                                                        
                                                                                                                                
     Section 10.60.250  Except as  provided in  the articles                                                                    
     of  incorporation, this  states  that an  officer of  a                                                                    
     benefit  corporation  is   not  personally  liable  for                                                                    
     monetary  damages if  their  duties  were performed  in                                                                    
     compliance with Alaska statutes.                                                                                           
                                                                                                                                
     Section  10.60.260  Clarifies  that  an  officer  of  a                                                                    
     benefit corporation  does not have  a duty to  a person                                                                    
     solely  because that  person is  a  beneficiary of  the                                                                    
     corporation's general or specific public benefit.                                                                          
                                                                                                                                
     Section  10.60.270  Declares  that   an  officer  of  a                                                                    
     benefit corporation  who makes  a business  judgment in                                                                    
     good faith fulfills their duties  under this chapter if                                                                    
     they are  not personally  invested in the  subject, are                                                                    
     informed  on the  subject of  the judgment,  rationally                                                                    
     believe  it is  in  the best  interest  of the  benefit                                                                    
     corporation, and  if they  consider the  factors listed                                                                    
     in AS 10.60.100.                                                                                                           
                                                                                                                                
     Section  10.60.280 Allows  that  a benefit  corporation                                                                    
     may  designate an  officer as  a  benefit officer,  who                                                                    
     shall have duties  that are related to  the creation of                                                                    
     general public  benefits and specific  public benefits.                                                                    
     The benefit  officer shall  prepare the  annual benefit                                                                    
     report required in Article 6.                                                                                              
                                                                                                                                
2:37:39 PM                                                                                                                    
                                                                                                                                
Ms. Carpeneti continued reading prepared remarks:                                                                               
                                                                                                                                
     Article 5                                                                                                                  
     Identifies  the  persons  that  may  bring  actions  or                                                                    
     claims against  a benefit corporation for  a failure to                                                                    
     pursue general or specific public benefit.                                                                                 
                                                                                                                                
     Section 10.60.300 States  that persons identified under                                                                    
     AS 10.60.320  may bring  an action  or claim  against a                                                                    
     benefit corporation for a failure  to pursue general or                                                                    
     specific public  benefits as set out  in their articles                                                                    
     or for a violation of duties under this chapter.                                                                           
                                                                                                                                
     Section 10.60.310 Clarifies  that a benefit corporation                                                                    
     is not  liable for  monetary damages  for a  failure to                                                                    
     create a general or specific public benefit.                                                                               
                                                                                                                                
     Section  10.60.320 Identifies  the persons  or entities                                                                    
     that  may bring  a claim  or action  against a  benefit                                                                    
     corporation under AS 10.60.300.                                                                                            
                                                                                                                                
     Article 6                                                                                                                  
     Defines  what   must  be  contained  in   the  required                                                                    
     biennial  benefit  report;  requires that  the  benefit                                                                    
     report  must be  held against  a third  party standard;                                                                    
     establishes a  timeline for the delivery  of the report                                                                    
     to  shareholders; requires  public availability  of the                                                                    
     report;  and directs  the benefit  corporation to  file                                                                    
     the  benefit  report with  the  department  as part  of                                                                    
     their biennial report.                                                                                                     
                                                                                                                                
     Section  10.60.500 Requires  a  benefit corporation  to                                                                    
     file  a  biennial  benefit  report as  a  part  of  the                                                                    
     biennial report required by AS 10.06.805.                                                                                  
                                                                                                                                
     Section 10.60.510  Declares what  must be  contained in                                                                    
     the biennial  benefit report.  The report  will include                                                                    
     descriptions  of how  the  benefit corporation  pursued                                                                    
     the   general   and   any  specific   public   benefit,                                                                    
     circumstances that  hindered that pursuit, and  why the                                                                    
     third-party  standard  was   selected  or  changed;  an                                                                    
     assessment of  the overall  performance of  the general                                                                    
     public  benefit  purpose  held  against  a  third-party                                                                    
     standard; the name and address  of the benefit director                                                                    
     and benefit  officer, if any; the  compensation paid to                                                                    
     each director; the compliance  statement of the benefit                                                                    
     director;  and any  connection between  the creator  of                                                                    
     the third-party standard and the benefit corporation.                                                                      
                                                                                                                                
     Section 10.60.520 Requires that,  if a benefit director                                                                    
     resigns  or  is  removed,   the  benefit  report  shall                                                                    
     include  any   written  correspondence   regarding  the                                                                    
     resignation or removal.                                                                                                    
                                                                                                                                
     Section 10.60.540  Establishes a timeline  for delivery                                                                    
     of the benefit report to the shareholders.                                                                                 
                                                                                                                                
     Section  10.60.550 Directs  the benefit  corporation to                                                                    
     post  all  of  its   benefit  reports  on  the  benefit                                                                    
     corporation's  public website,  if the  website exists.                                                                    
     The  posted  reports  may omit  director  compensation,                                                                    
     financial or proprietary  information that was included                                                                    
     in the report to the shareholders.                                                                                         
                                                                                                                                
     Section 10.60.560  Requires a benefit  corporation that                                                                    
     does not have  a website to provide a copy  of the most                                                                    
     recent benefit report free of  charge to any person who                                                                    
     requests   it.    The   report   may    omit   director                                                                    
     compensation,  financial   or  proprietary  information                                                                    
     that was included in the report to the shareholders.                                                                       
                                                                                                                                
     Section 10.60.570  Requires the benefit  corporation to                                                                    
     provide  the  Department  of Commerce,  Community,  and                                                                    
     Economic  Development  with  a  copy  of  the  biennial                                                                    
     benefit report  for filing  as a  part of  its biennial                                                                    
     reports   (AS   10.06.805),   omitting   any   director                                                                    
     compensation, financial  or propriety  information, and                                                                    
     requires  the department  to establish  a  fee for  the                                                                    
     filing of the benefit report.  A failure to deliver the                                                                    
     report or pay the filing  fee within six months or more                                                                    
     constitutes a basis for  involuntary dissolution of the                                                                    
     benefit  corporation  (AS  10.06.633).  Subsection  (c)                                                                    
     allows that the department  may file the benefit report                                                                    
     in hard copy, rather than electronically.                                                                                  
                                                                                                                                
     Article 7                                                                                                                  
     Identifies   the  process   necessary  for   a  benefit                                                                    
     corporation  to  effect  a status  change;  allows  for                                                                    
     shareholder  dissent  under  a status  change;  defines                                                                    
     guidelines  for  the third-party  standards;  clarifies                                                                    
     that a benefit corporation is  not eligible for any tax                                                                    
     exemptions  beyond those  available  for a  traditional                                                                    
     corporation;  and states  that  this  chapter does  not                                                                    
     prevent   a    non-benefit   corporate    entity   from                                                                    
     considering a general or specific public benefit.                                                                          
                                                                                                                                
     Section  10.60.700  Establishes  that a  status  change                                                                    
     (merger, amendment, etc.) for  a benefit corporation or                                                                    
     domestic entity other than  a business corporation must                                                                    
     be  approved  by at  least  a  two-thirds vote  of  all                                                                    
     shareholders entitled to vote.                                                                                             
                                                                                                                                
     Section 10.60.710  Allows a  shareholder to  dissent if                                                                    
     the business  corporation amends its article  to become                                                                    
     a benefit  corporation. Shareholder dissent  is covered                                                                    
     under   current   business    corporate   statutes   AS                                                                    
     10.06.574-10.06.582.                                                                                                       
                                                                                                                                
     Section 10.60.720 Establishes  statutory guidelines for                                                                    
     third-party  standards used  as an  assessment tool  in                                                                    
     the required annual benefit report.                                                                                        
                                                                                                                                
     Section 10.60.730 Clarifies  that a benefit corporation                                                                    
     is not eligible  for any tax exemptions  beyond what is                                                                    
     available   to  corporations   that  are   not  benefit                                                                    
     corporations.                                                                                                              
                                                                                                                                
     Section 10.60.740 Clarifies that  this chapter does not                                                                    
     prevent a  non-benefit corporate entity  from including                                                                    
     the  consideration  of  or donation  to  a  general  or                                                                    
     specific public benefit in its general powers.                                                                             
                                                                                                                                
2:38:29 PM                                                                                                                    
                                                                                                                                
Ms. Carpeneti continued reading prepared remarks:                                                                               
                                                                                                                                
     Article 8                                                                                                                  
     Allows  from  the  creation  of  regulations  for  this                                                                    
     chapter; clarifies  that this  chapter does  not affect                                                                    
     non-benefit corporate  entities; declares  that benefit                                                                    
     corporations  are  subject   to  Alaska  corporate  law                                                                    
     unless specifically  addressed; and defines  terms used                                                                    
     in the chapter.                                                                                                            
                                                                                                                                
     Section  10.60.910  Allows   the  department  to  adopt                                                                    
     regulations to implement chapter 10.60.                                                                                    
                                                                                                                                
     Section 10.60.920 Clarifies that  this chapter does not                                                                    
     affect  statutes   or  laws  that  apply   to  business                                                                    
     corporations that are not benefit corporations.                                                                            
                                                                                                                                
     Section 10.60.930 Clarifies  that a benefit corporation                                                                    
     is subject  to general  Alaska corporate law  (AS 10.06                                                                    
     and  AS 10.45)  unless specifically  addressed by  this                                                                    
     chapter,  in which  case  this  chapter takes  priority                                                                    
     over previsions in previous chapters.                                                                                      
                                                                                                                                
     Section  10.60.940  States  that  a  provision  of  the                                                                    
     articles  or bylaws  of a  benefit corporation  may not                                                                    
     limit, be inconsistent with,  or superseded a provision                                                                    
     of this chapter.                                                                                                           
                                                                                                                                
     Section  10.60.990 Defines  terms  used throughout  the                                                                    
     chapter.                                                                                                                   
                                                                                                                                
     Section   3   Allows   the  Department   of   Commerce,                                                                    
     Community,   and   Economic    Development   to   adopt                                                                    
     regulations to  implement this Act, not  to take effect                                                                    
     before July 1, 2018.                                                                                                       
                                                                                                                                
     Section 4 Implements Section 3 immediately.                                                                                
                                                                                                                                
     Section 5  Provides an effective  date of July  1, 2018                                                                    
     for this Act except for Section 4 (above).                                                                                 
                                                                                                                                
2:38:40 PM                                                                                                                    
                                                                                                                                
Ms.  Carpeneti   provided  closing  remarks   about  benefit                                                                    
corporations. She delineated  that benefit corporations were                                                                    
formed voluntarily and had the  same tax status of any other                                                                    
for-profit  corporation.  The   required  bi-annual  benefit                                                                    
report was  meant to provide accountability  to shareholders                                                                    
and offer transparency to investors.  She concluded that the                                                                    
bill   established   a   strong   foundation   for   benefit                                                                    
corporations  to   achieve  "mission  alignment   and  value                                                                    
creation"  and  "created  more flexibility  when  evaluating                                                                    
potential sale and liquidity actions."                                                                                          
                                                                                                                                
Vice-Chair Gara asked where the  Alaska Statutes addressed a                                                                    
corporation's   duty    to   maximize   the    benefit   for                                                                    
shareholders.                                                                                                                   
                                                                                                                                
TERRY  BANNISTER, LEGISLATIVE  LEGAL SERVICES,  ALASKA STATE                                                                    
LEGISLATURE, replied  that she was  not aware of  a specific                                                                    
provision  in the  state's corporate  code. She  pointed out                                                                    
that the  issue was  addressed in  a number  of out-of-state                                                                    
court  cases  that decided  the  only  allowable goal  of  a                                                                    
corporation   was    "improving   the   finances    of   the                                                                    
shareholder."                                                                                                                   
                                                                                                                                
2:40:56 PM                                                                                                                    
                                                                                                                                
Representative Neuman asked  whether an existing corporation                                                                    
could  become  a  benefit  corporation   and  how  it  would                                                                    
accomplish  the   change.  Ms.  Carpeneti  replied   in  the                                                                    
affirmative. She  detailed that  the transition  process was                                                                    
delineated   in   Section   10.60.010,  which   included   a                                                                    
two/thirds vote by its shareholders.                                                                                            
                                                                                                                                
Representative Neuman  stated that  throughout the  bill and                                                                    
on page 16 there was  language related to a "specific public                                                                    
benefit." He  wondered how public  benefits were  defined in                                                                    
regulation.  He  felt  that excessive  regulation  would  be                                                                    
necessary to  ensure a  public benefit.  Representative Kito                                                                    
replied that  public benefits would be  defined by corporate                                                                    
boards  and  shareholders  and  clearly  identified  in  the                                                                    
corporate  bylaws. Representative  Neuman asked  whether the                                                                    
benefit  corporations  could  write their  own  regulations.                                                                    
Representative Kito  clarified that  the benefits  and goals                                                                    
would be included  in the corporation's bylaws  and the only                                                                    
guideline  in  Alaska  Statute  required  that  the  benefit                                                                    
corporation would  provide a public  benefit. Representative                                                                    
Neuman  asked  how  a   "benefit  partnership"  would  form.                                                                    
Representative Kito clarified whether  he was referring to a                                                                    
type  of a  corporation. Representative  Neuman answered  in                                                                    
the  affirmative. Representative  Kito  understood that  the                                                                    
bill  created  a  separate  type   of  corporation  and  was                                                                    
uncertain whether a partnership was applicable.                                                                                 
                                                                                                                                
Ms. Carpeneti  did not believe  a partnership  would qualify                                                                    
as a benefit corporation.                                                                                                       
                                                                                                                                
Representative  Neuman  provided   a  hypothetical  scenario                                                                    
where another  for-profit corporation provided funds  to the                                                                    
benefit  corporation  for   its  public  benefit  objective.                                                                    
Representative  Kito   thought  Representative   Neuman  was                                                                    
suggesting  that  one  corporation  could  provide  monetary                                                                    
support to  another corporation.  He offered that  a benefit                                                                    
corporation's  goal was  not to  receive  grants from  other                                                                    
corporations but to generate  revenue from business services                                                                    
or  products and  "interact with  the  community, state,  or                                                                    
other   customers  or   partners"  based   on  its   bylaws.                                                                    
Representative  Neuman  was  concerned   if  there  was  any                                                                    
opportunity  for  money  to flow  from  one  corporation  to                                                                    
another  by  entering  into a  partnership  with  a  benefit                                                                    
corporation that  could write their  own rules on what  is a                                                                    
public benefit or  not a public benefit.  He queried whether                                                                    
the scenario  was possible. Representative  Kito ascertained                                                                    
that  a benefit  corporation could  enter into  an agreement                                                                    
with any  other corporation as a  standard business practice                                                                    
and  supposed  that  any  agreements  would  be  implemented                                                                    
through a  contract just like  any corporation could  have a                                                                    
contract with another. The legislation  would not change any                                                                    
existing  laws regarding  how  corporations could  interact.                                                                    
The  legislation only  allowed a  corporation to  have other                                                                    
"goals,  values,  or  directions"  other  than  a  fiduciary                                                                    
responsibility  to its  shareholders. Representative  Neuman                                                                    
suggested  that  the for-profit  corporation's  shareholders                                                                    
might  be  opposed to  the  public  benefit of  the  benefit                                                                    
corporation.   Representative   Kito    thought   that   the                                                                    
shareholders   of   the  for-profit   corporation   approved                                                                    
distribution of its monetary assets  or profits and the non-                                                                    
benefitted  corporation had  to proceed  in accordance  with                                                                    
shareholder wishes.  He thought  the scenario  was unlikely.                                                                    
Representative  Neuman   believed  that  his   scenario  was                                                                    
possible.  Representative Kito  judged  that "a  corporation                                                                    
was  not able  to violate  its fiduciary  responsibility [to                                                                    
its   shareholders]   in   order  to   support   a   benefit                                                                    
corporation."                                                                                                                   
                                                                                                                                
2:50:14 PM                                                                                                                    
                                                                                                                                
Co-Chair  Seaton  suggested  a  scenario  where  a  sporting                                                                    
outfitters benefit  corporation had  a benefit  of extending                                                                    
trails or supported little league  or other community sports                                                                    
teams. He  surmised that the  benefit corporation  could not                                                                    
be  sued  by  its  shareholders for  supporting  its  public                                                                    
benefit  goal.  He  asked   whether  his  understanding  was                                                                    
accurate.  Representative  Kito   answered  that  a  benefit                                                                    
corporation  could  act  even more  broadly  and  allow  its                                                                    
employees  to  participate  in  trail  building,  which  was                                                                    
"counter to  the fiduciary  responsibility" of  a for-profit                                                                    
corporation. He  furthered that if trail  building supported                                                                    
the activity  of the  benefit corporation's  bylaws allowing                                                                    
employees to help build trails,  the activity was allowable.                                                                    
Co-Chair  Seaton  added   that  corporations  could  provide                                                                    
community  benefits  as  long  as it  was  justified  as  an                                                                    
activity   that    would   ultimately   boost    profit   to                                                                    
shareholders. He deduced that  a benefit corporation allowed                                                                    
social  benefits   without  risking   shareholder  lawsuits.                                                                    
Representative Kito answered in the affirmative.                                                                                
                                                                                                                                
2:53:38 PM                                                                                                                    
                                                                                                                                
Representative  Pruitt  cited  Section 10.60.730  [page  15,                                                                    
line 3] and read the following:                                                                                                 
                                                                                                                                
     Sec. 10.60.730.  Tax exemptions. A  benefit corporation                                                                    
     may not  claim a tax  exemption under AS  43.20 (Alaska                                                                    
     Net Income  Tax Act) if  the tax exemption is  not also                                                                    
     available   to  corporations   that  are   not  benefit                                                                    
     corporations.                                                                                                              
                                                                                                                                
Representative  Pruitt  asked whether  benefit  corporations                                                                    
were taxed the same as  other corporations. He asked for the                                                                    
best comparison to  other types of corporations  in terms of                                                                    
taxation.   Ms.   Carpeneti   responded   that   a   benefit                                                                    
corporation would  either be  a C or  S corporation  and the                                                                    
benefit  designation   did  not   affect  its   tax  status.                                                                    
Representative  Pruitt  asked  if the  position  of  benefit                                                                    
director had  the same voting  authority as  other directors                                                                    
on  corporate   matters.  Ms.  Carpeneti  answered   in  the                                                                    
affirmative.                                                                                                                    
                                                                                                                                
Representative Pruitt  asked about specific  language listed                                                                    
in Article  2 under standards  of conduct for  directors. He                                                                    
queried  whether a  benefit  director  was the  professional                                                                    
equal to  and subject  to the same  Alaskan statutes  as any                                                                    
other  type  of   corporate  director.  Representative  Kito                                                                    
understood that  the one duty  a benefit  director performed                                                                    
that was different from a  regular corporate director was to                                                                    
"manage  and  oversee  the   beneficial  operations  of  the                                                                    
corporation as identified in the  bylaws." He continued that                                                                    
the  benefit   director  carried  out  duties   without  the                                                                    
fiduciary  goal  but  in   accordance  with  the  beneficial                                                                    
purpose   of   the    corporation.   Representative   Pruitt                                                                    
hypothesized  a scenario  where the  benefit director  was a                                                                    
"minority  shareholder." He  asked what  the "rights  of the                                                                    
shareholders were  to determine  whether or not  the benefit                                                                    
director  was operating  within its  bylaws." Representative                                                                    
Kito  replied that  the articles  of  incorporation for  the                                                                    
benefit     corporation     designated    the     directors'                                                                    
responsibilities.  He elaborated  that  the other  directors                                                                    
had the  ability to remove  a questioned  or underperforming                                                                    
director  and  all directors  had  a  responsibility to  the                                                                    
corporation and  its bylaws. Representative  Pruitt inquired                                                                    
about  the burden  imposed  on the  other  directors in  the                                                                    
process of removing the questioned  benefit director and the                                                                    
ability  to determine  his performance.  Representative Kito                                                                    
restated  that  the  corporation's structure  was  contained                                                                    
within its bylaws.                                                                                                              
                                                                                                                                
Ms. Carpeneti  interjected that Article 5,  Section 10.63.20                                                                    
outlined the  process and the  right to bring action  by the                                                                    
shareholders.  Representative Pruitt  remarked that  current                                                                    
statute   was  "pretty   extensive"  regarding   removing  a                                                                    
director  that was  not operating  within the  corporation's                                                                    
bylaws  and  wanted  to ensure  the  provisions  applied  to                                                                    
benefit corporations to protect the shareholders.                                                                               
                                                                                                                                
Representative Pruitt  questioned the definition  of general                                                                    
public benefit.  He wondered who  determined what  a general                                                                    
public  benefit   meant  and   who  wrote   the  regulations                                                                    
regarding what  a public  benefit was.  He referred  to page                                                                    
16, line 8 and read the following:                                                                                              
                                                                                                                                
     (7) "general public benefit" means a material positive                                                                     
     effect on people and their surroundings, taken as a                                                                        
     whole, assessed against a third-party standard;                                                                            
                                                                                                                                
Representative Kito  replied that  a national  B corporation                                                                    
organization  existed and  worked with  benefit corporations                                                                    
around  the country.  He  elaborated  that the  organization                                                                    
identified standards  and clearly  identified what  types of                                                                    
public purposes  a benefit corporation could  participate in                                                                    
or support.                                                                                                                     
                                                                                                                                
Ms. Carpeneti added that B  Lab Corporation was the national                                                                    
organization  that  provided  third party  consultation  and                                                                    
lists  of  third party  standards.  She  exemplified that  a                                                                    
third party standard existed for  agriculture and offered to                                                                    
provide  the  list. She  informed  the  committee that  many                                                                    
kinds of third  party standards existed in  many other areas                                                                    
that a benefit corporation  evaluated itself against for the                                                                    
purpose of its biannual report.                                                                                                 
                                                                                                                                
3:02:22 PM                                                                                                                    
                                                                                                                                
Representative  Pruitt requested  a  copy  of the  standards                                                                    
list. He wondered whether the  benefit had to correlate with                                                                    
the  type of  business the  benefit corporation  engaged in.                                                                    
Ms. Carpeneti  responded that  the benefit  did not  have to                                                                    
correlate  with  the  product or  services  the  corporation                                                                    
provided.  Representative   Kito  provided   a  hypothetical                                                                    
example to illustrate the point.                                                                                                
                                                                                                                                
3:03:59 PM                                                                                                                    
                                                                                                                                
Vice-Chair Gara appreciated  the representative bringing the                                                                    
bill forward and reminded the  committee that a similar bill                                                                    
was heard  last year. He  spoke of a philosopher  who stated                                                                    
that "the  reward is  the deed itself."  He surmised  that a                                                                    
corporation who did perform public  benefits to gain profits                                                                    
from  its good  works, but  did not  alert the  public could                                                                    
expose it to shareholder law  suits. He wondered whether the                                                                    
benefit corporation could engage  in public benefits without                                                                    
the  threat of  shareholder law  suits. Representative  Kito                                                                    
indicated  that  the "disposition  of  profits"  for a  for-                                                                    
profit corporation  was at the discretion  of the directors.                                                                    
However,  without  shareholders"   support  the  corporation                                                                    
could be  sued. The  benefit corporation was  largely immune                                                                    
to  fiduciary shareholder  lawsuits  as long  as the  public                                                                    
benefit  was  consistent   with  its  identified  beneficial                                                                    
purpose. Vice-Chair Gara alluded  to comparisons with Alaska                                                                    
National  Interest  Lands  Conservation  Act  (ANILCA)  that                                                                    
allowed native corporations  to "benefit their shareholders"                                                                    
and were  also protected  from lawsuits for  creating social                                                                    
service  organizations. He  believed  the  bill allowed  for                                                                    
more  freedom and  stated his  support. Representative  Kito                                                                    
deduced that  HB 124 offered additional  benefits for native                                                                    
corporations.  He suggested  that  an  Alaska Native  Claims                                                                    
Settlement   Act  (ANCSA)   corporation   might  choose   to                                                                    
designate some  beneficial functions to support  cultural or                                                                    
shareholder  activities as  a benefit  corporation that  was                                                                    
restricted under current corporate statute.                                                                                     
                                                                                                                                
Co-Chair Foster welcomed invited testifiers.                                                                                    
                                                                                                                                
3:08:12 PM                                                                                                                    
                                                                                                                                
STEPHEN  TRIMBLE, FOUNDER  AND CEO,  ARCTIC SOLAR  VENTURES,                                                                    
ANCHORAGE,  spoke in  favor of  the legislation.  He relayed                                                                    
that  his  company  was  a  solar  design  and  installation                                                                    
company  serving  residential  and  commercial  clients.  He                                                                    
remarked  that  his  company  wanted  to  become  a  benefit                                                                    
corporation and  he thoroughly examined  the bills  and laws                                                                    
in  other  states  pertaining to  benefit  corporations.  He                                                                    
shared that  30 states enacted legislation  allowing benefit                                                                    
corporations. He  thought that the legislation  was integral                                                                    
to  his   company's  survival.  He  mentioned   the  growing                                                                    
interest  in   benefit  corporations  and   reported  having                                                                    
coached at least  5 companies that wanted  to peruse benefit                                                                    
corporation designation out of  many others that desired the                                                                    
designation in Alaska. He elaborated  on the involvement and                                                                    
function of B  Lab Corporation and explained  that they were                                                                    
the  third  party international  certification  organization                                                                    
that helped  benefit corporations who were  accountable from                                                                    
a reporting  perspective. The company  offered the  "B Corp.                                                                    
Certification"  that   was  a  business   certification  and                                                                    
offered a  compendium for the legal  protections for benefit                                                                    
corporations by  state. He shared that  his company received                                                                    
the  certification  out  of  only two  in  Alaska  and  four                                                                    
thousand worldwide. The  certification and recording process                                                                    
was  extremely  rigorous.  He   detailed  that  his  company                                                                    
enacted  changes  to  its bylaws  to  state  its  beneficial                                                                    
purpose and  acted in  the manner  of a  benefit corporation                                                                    
but lacked  the legal  protection in  the state.  He pointed                                                                    
out   that   "mission   driven  businesses   were   becoming                                                                    
increasingly  important  to  the  future  of  business  both                                                                    
inside and  outside of Alaska."  He spoke of  the millennial                                                                    
workforce  that  would comprise  78  percent  of the  active                                                                    
workforce  by  2025.  He  relayed that  77  percent  of  the                                                                    
millennial workforce  considered mission driven  business as                                                                    
a  factor for  employment. He  relayed that  all of  his job                                                                    
candidates applied  due to the  fact that the company  was a                                                                    
certified  B corporation  and had  a "commitment  to society                                                                    
and  the  environment.' He  felt  the  B corporation  status                                                                    
attracted quality employees and investment.                                                                                     
                                                                                                                                
3:14:04 PM                                                                                                                    
                                                                                                                                
Representative  Pruitt asked  what type  of corporation  his                                                                    
company was  registered as in Alaska.  Mr. Trimble responded                                                                    
that the company  was a C corporation  that elected taxation                                                                    
as an  S corporation. Representative Pruitt  asked about the                                                                    
number  of  shareholders.  Mr.   Trimble  replied  that  his                                                                    
corporation had  5 shareholders and was  small and privately                                                                    
held. Representative  Pruitt assumed that the  percentage of                                                                    
ownership  among shareholders  varied. Mr.  Trimble answered                                                                    
in the affirmative.                                                                                                             
                                                                                                                                
3:15:04 PM                                                                                                                    
                                                                                                                                
WILLIAM  CLARK,  ATTORNEY,   DRINKER,  BINDLE,  AND  REALTH,                                                                    
PENNSYLVANIA,  reported that  he was  a corporate  lawyer in                                                                    
Philadelphia and  worked in  support of  benefit corporation                                                                    
enactment in  a number of  states pro bono. He  offered that                                                                    
Washington D.C. adopted the legislation  along with 30 other                                                                    
states. He delineated that the  first law permitting benefit                                                                    
corporations  passed  in 2010  and  now  over 5000  were  in                                                                    
existence. He reported  that Delaware who "set  the tone for                                                                    
all  United States  (U.S.) [corporate]  law" authorized  the                                                                    
legislation  four  years ago  and  had  almost one  thousand                                                                    
registered  B corporations.  The Chief  Justice of  Delaware                                                                    
supported  the   concept  in  order  to   avoid  shareholder                                                                    
lawsuits. He  spoke to  the discussion  concerning corporate                                                                    
governance  issues   and  the   removal  of   directors.  He                                                                    
emphasized  that  "the   benefit  corporate  statute  relied                                                                    
completely   on   the   normal  existing   rules   for   all                                                                    
corporations  with   respect  to   the  governance   of  the                                                                    
corporation."   How  the   benefit  director   was  elected,                                                                    
removed,  or  whether  the   shareholders  approved  of  the                                                                    
director's decisions  were controlled by  existing corporate                                                                    
law.  The  B  Corporations  were  "run  exactly  like  other                                                                    
business corporations" which was why  the tax status was the                                                                    
same as for-profit corporations.  Therefore, the only change                                                                    
was the  new rules concerning governance  and not structure.                                                                    
He appreciated the committee discussion.                                                                                        
                                                                                                                                
3:19:25 PM                                                                                                                    
                                                                                                                                
Representative Ortiz  asked whether  there were  any general                                                                    
opposition in the country to  benefit corporation. Mr. Clark                                                                    
replied  in   the  negative.  He  qualified   that  the  one                                                                    
persistent  question  was  whether the  law  establishing  B                                                                    
Corporations  was   necessary.  He  elucidated   that  legal                                                                    
challenges to  director's decisions were rare.  The lawsuits                                                                    
that often occurred related to  the change in control of the                                                                    
corporation  due to  sale.  In that  scenario,  the law  was                                                                    
"very  clear"  that  the director's  duty  was  to  maximize                                                                    
profit  over  mission  in  the  transaction.  He  thought  a                                                                    
widespread  understanding of  the  positive consequences  of                                                                    
the concept  was evident  due to the  unanimous votes  in 13                                                                    
states in support of the legislation.                                                                                           
                                                                                                                                
Representative Wilson asked about  the tax status. She asked                                                                    
whether a "C" Corporation that  became a "B" Corporation was                                                                    
taxed  as  a "C"  Corporation.  Mr.  Clark answered  in  the                                                                    
affirmative.                                                                                                                    
                                                                                                                                
3:21:56 PM                                                                                                                    
                                                                                                                                
Vice-Chair  Gara recalled  a situation  where a  corporation                                                                    
created  a daycare  for its  employees and  the shareholders                                                                    
sued the  company. He asked  whether Mr. Clark was  aware of                                                                    
the  case.  Mr.  Clark  was unaware  of  the  situation  but                                                                    
maintained  that  the  situation was  what  "B"  Corporation                                                                    
status addressed.                                                                                                               
                                                                                                                                
Representative Neuman  asked whether there were  any current                                                                    
lawsuits from the general public  that questioned the public                                                                    
benefit of  the benefit corporation. Mr.  Clark responded in                                                                    
the negative and  added that the law  prohibited the general                                                                    
public to  challenge the actions of  its directors. However,                                                                    
shareholders   had    sued   directors    of   corporations.                                                                    
Representative   Neuman  wondered   about   the  amount   of                                                                    
shareholder challenges  for benefit corporations.  Mr. Lucas                                                                    
responded that he was unaware  of any shareholder challenges                                                                    
to   benefit  corporations   but  they   were  common   with                                                                    
traditional  corporations.   He  named  Revlon,   eBay,  and                                                                    
craigslist.                                                                                                                     
                                                                                                                                
Representative   Pruitt    inquired   whether    a   benefit                                                                    
corporation  that wanted  to benefit  its  employees had  to                                                                    
list the  benefit in its  bylaws. Mr. Clark answered  in the                                                                    
negative  and offered  that  two concepts  in  the law  were                                                                    
significant.  He detailed  that  one concept  was a  general                                                                    
public benefit  that produced  a "material  positive effect"                                                                    
for the  company's stakeholders.  The other concept  was the                                                                    
"ability  to  specify"  an   explicit  public  benefit.  The                                                                    
corporation  that did  not elect  a specific  public benefit                                                                    
but  was committed  to  a material  positive  effect on  its                                                                    
stakeholders  could  include  activities  or  benefits  that                                                                    
benefitted its employees  and how it acted  in the community                                                                    
as  a corporate  citizen.  He summarized  that  there was  a                                                                    
general  benefit   approach  and  in  addition   a  "precise                                                                    
mission"  if elected.  Representative Pruitt  clarified that                                                                    
general  benefits  to  the  public   were  specific  to  "B"                                                                    
corporations but  benefits to  employees were  not exclusive                                                                    
to  benefit   corporations.  He  asked  whether   a  regular                                                                    
corporation could  include employee  benefits in  its bylaws                                                                    
or  had to  register  as a  benefit  corporation to  provide                                                                    
benefits   to  its   employees  in   order  to   shield  the                                                                    
corporation from  litigation. Mr. Clark speculated  that two                                                                    
different concepts were under  discussion. He expounded that                                                                    
every  benefit  corporation  was   committed  to  the  first                                                                    
concept as  stated on  page 3, [lines  1 through  9] Section                                                                    
10.60.030 that  was derived from the  business and operation                                                                    
of  the  benefit  corporation  and  intended  to  result  in                                                                    
material positive  impact. The corporation could  also elect                                                                    
to specify  a particular  mission [Section  10.60.040., page                                                                    
3, line  10]. Both the  general commitment and  the specific                                                                    
commitment were  part of a  benefit corporation.  He pointed                                                                    
out  that a  normal corporation  could amend  its bylaws  to                                                                    
include a  specific benefit but  was not subject  to benefit                                                                    
corporation statutes.                                                                                                           
                                                                                                                                
Co-Chair Seaton OPENED Public Testimony.                                                                                        
                                                                                                                                
Co-Chair Seaton CLOSED Public Testimony.                                                                                        
                                                                                                                                
HB  124  was  HEARD  and   HELD  in  committee  for  further                                                                    
consideration.                                                                                                                  
                                                                                                                                

Document Name Date/Time Subjects
HB124 Explanation of changes from ver A to ver D 4.6.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 124
HB124 Sectional Analysis ver D 4.6.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 124
HB124 Sponsor Statement 3.22.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 124
HB124 Support Documents - Letters of Support 4.11.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 124
HB091 Supporting Document - APOC Funding 031317.pdf HFIN 4/17/2017 1:30:00 PM
HB 91
HB091(STA) Sectional Analysis.pdf HFIN 4/17/2017 1:30:00 PM
HB 91
HB091(STA) Sponsor Statement.pdf HFIN 4/17/2017 1:30:00 PM
HB 91
HB025 Opposing Document-Emails 4.14.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 25
HB025 Opposing Document-Letter NFIB 4.14.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 25
HB025 Sectional Analysis ver O 4.14.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 25
HB025 Sponsor Statement 4.14.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 25
HB025 Summary of Changes 4.14.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 25
HB025 Supporting Document-ADN Commentary 4.14.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 25
HB025 Supporting Document-Cost Savings Study 4.14.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 25
HB025 Supporting Document-Emails 4.14.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 25
HB025 Supporting Document-Guttmacher Alaska Statistics 4.14.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 25
HB025 Supporting Document-Guttmacher Public Costs from Unintended Pregnancies 4.14.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 25
HB025 Supporting Document-Letters 4.14.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 25
HB025 Supporting Document-UCSF Study Newspaper Article 4.14.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 25
HB025 Supporting Document-Unintended Pregnancies Study 4.14.17.pdf HFIN 4/17/2017 1:30:00 PM
HB 25
SB88_Oppose_041417.pdf HFIN 4/17/2017 1:30:00 PM
SB 88
HF SB 88 4-15-17 v1_0.pdf HFIN 4/17/2017 1:30:00 PM
SB 88
CSSB 88 revised Maps - 4.3.2017.pdf HFIN 4/17/2017 1:30:00 PM
SB 88
CSSB 88 - Sponsor Statement - version R.pdf HFIN 4/17/2017 1:30:00 PM
SB 88
CSSB 88 - Sectional Analysis.pdf HFIN 4/17/2017 1:30:00 PM
SB 88
CSSB 88 - Letters of Support.PDF HFIN 4/17/2017 1:30:00 PM
SB 88
CSSB 88 - letters of opposition.PDF HFIN 4/17/2017 1:30:00 PM
SB 88
CSSB 88 - letters of opposition.PDF HFIN 4/17/2017 1:30:00 PM
SB 88
CSSB 88 - federal bill.pdf HFIN 4/17/2017 1:30:00 PM
SB 88
CSSB 88 - Fact Sheet.pdf HFIN 4/17/2017 1:30:00 PM
SB 88
CSSB 88 - Explanation of Changes version J to version R.pdf HFIN 4/17/2017 1:30:00 PM
SB 88
HB25_Support_04172017.pdf HFIN 4/17/2017 1:30:00 PM
HB 25
HB25_Oppose_04172017.pdf HFIN 4/17/2017 1:30:00 PM
HB 25
HB 25 - Support Document Letter 3-3-17.pdf HFIN 4/17/2017 1:30:00 PM
HB 25