Legislature(2009 - 2010)CAPITOL 106
03/22/2010 03:00 PM House FISHERIES
Audio | Topic |
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Start | |
HB389 | |
SB274 | |
Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
+= | HB 389 | TELECONFERENCED | |
+ | SB 274 | TELECONFERENCED | |
+ | TELECONFERENCED |
HB 389-COMMERCIAL FISHING LOAN ACT 3:09:16 PM CHAIR EDGMON announced that the first order of business would be HOUSE BILL NO. 389, "An Act relating to loans made to commercial fishermen under the Commercial Fishing Loan Act for energy efficiency upgrades; and providing for an effective date." 3:09:48 PM KATIE KOESTER, Staff to Representative Paul Seaton, Alaska State Legislature, informed the committee HB 389 allows the Division of Investments, Department of Commerce, Community, & Economic Development, to offer up to a two-point rate reduction to borrowers of the product quality improvement and engine fuel efficiency replacement loan programs, under the commercial fishing loan program, if the borrowers purchase a product that is manufactured in Alaska. In addition, at least 50 percent of the loan proceeds need to be spent on a product that is manufactured or produced in the state. In response to a question posed at a previous meeting, she stated that the definition of "produced or manufactured in Alaska," as written in the bill, is sufficient for the department to promulgate regulations. She noted that the division director advised there is sufficient authority because the department "pulled this language from procurement statutes and procurement has already, has a set of regulations that they have generated regarding Alaska manufacture." Ms. Koehler acknowledged that the regulations would be subject to public comment and the standard regulatory process. In response to a second question regarding what would be eligible as Alaskan manufacturing, she directed attention to the written response from the sponsor's office, dated 3/18/10, found in the committee packet. Ms. Koehler pointed out that the response includes two scenarios indicating how the department would determine whether a product was manufactured in Alaska, including the assembly of a kit. 3:12:28 PM CHAIR EDGMON opened public testimony. 3:12:46 PM JERRY SCHOLES, Owner, Coastal Refrigeration, stated that he is a small manufacturer of seawater systems, and expressed his hope that the bill will generate more small business within the state by a reduction in the interest rate for people who manufacture here. 3:13:46 PM CHAIR EDGMON closed public testimony. 3:13:57 PM REPRESENTATIVE MUNOZ moved to report CSHB 389, 26-LS1441\P, Kane, 3/1/10, out of committee with individual recommendations and the accompanying fiscal notes. There being no objection, CSHB 389(FSH) was reported from the House Special Committee on Fisheries. The committee took an at-ease from 3:13 p.m. to 3:15 p.m. 3:15:50 PM
Document Name | Date/Time | Subjects |
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HB 274--CSSB274.PDF |
HFSH 3/22/2010 3:00:00 PM |
HB 274 SB 274 |
SB 274--Biographical Material and Correspondence.PDF |
HFSH 3/22/2010 3:00:00 PM |
SB 274 |
SB 274--Sponsor Statement.PDF |
HFSH 3/22/2010 3:00:00 PM |
SB 274 |
SB 274--Notes.PDF |
HFSH 3/22/2010 3:00:00 PM |
SB 274 |
HB 389--Follow-up Memo RE 3.16.2010 Hearing.pdf |
HFSH 3/22/2010 3:00:00 PM |
HB 389 |