Legislature(2015 - 2016)GRUENBERG 120

04/13/2016 01:00 PM JUDICIARY

Note: the audio and video recordings are distinct records and are obtained from different sources. As such there may be key differences between the two. The audio recordings are captured by our records offices as the official record of the meeting and will have more accurate timestamps. Use the icons to switch between them.

Download Mp3. <- Right click and save file as
Download Video part 1. <- Right click and save file as
Download Video part 2. <- Right click and save file as

* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
-- Recessed to 4/14/16 at 8:00 a.m. --
+= HB 347 RECOVERY OF FALSE CLAIMS FOR STATE FUNDS TELECONFERENCED
Moved CSHB 347(JUD) Out of Committee
-- Testimony <Invitation Only> --
+ SB 123 USE OF ELECTRONIC DEVICES WHILE DRIVING TELECONFERENCED
Heard & Held
-- Public & Invited Testimony --
+ SJR 2 CONST. AM: G.O. BONDS FOR STUDENT LOANS TELECONFERENCED
Heard & Held
+ SB 121 SECURITY FREEZE ON CERTAIN CREDIT REPORTS TELECONFERENCED
Heard & Held
+= SB 91 OMNIBUS CRIM LAW & PROCEDURE; CORRECTIONS TELECONFERENCED
Heard & Held
-- Public & Invited Testimony --
+ Bills Previously Heard/Scheduled TELECONFERENCED
+= SB 174 REG. OF FIREARMS/KNIVES BY UNIV. OF AK TELECONFERENCED
Moved CSSB 174(FIN) Out of Committee
         SJR 2-CONST. AM: G.O. BONDS FOR STUDENT LOANS                                                                      
                                                                                                                                
2:27:11 PM                                                                                                                    
                                                                                                                                
CHAIR LEDOUX announced  that the next order of  business would be                                                               
SENATE  JOINT RESOLUTION  NO. 2,  Proposing an  amendment to  the                                                               
Constitution  of  the State  of  Alaska  relating to  contracting                                                               
state debt for postsecondary student loans.                                                                                     
                                                                                                                                
2:27:28 PM                                                                                                                    
                                                                                                                                
KRISTEN  PRATT,  Staff,  Senator  Anna  MacKinnon,  Alaska  State                                                               
Legislature,  said  that  SJR 2  is  a  constitutional  amendment                                                               
permitting  the  issuance of  general  obligation  bonds for  the                                                               
purpose of  funding postsecondary  student loans by  amending the                                                               
Constitution  of  the State  of  Alaska  Article IX,  Section  8.                                                               
Currently Article  IX, Section 8,  allows for  general obligation                                                               
bonding for  capital improvements  as well  as housing  loans for                                                               
veterans.  The intent of  this legislation, she explained, is for                                                               
students to have  better access to lower  cost loans, essentially                                                               
the  intent is  to lower  interest rates  on student  loans.   It                                                               
would also give  the Alaska Student Loan  Corporation (ASLC) more                                                               
flexibility with its underwriting criteria.                                                                                     
                                                                                                                                
2:29:12 PM                                                                                                                    
                                                                                                                                
DIANE   BARRANS,  Executive   Director,   Alaska  Commission   on                                                               
Postsecondary Education  (ACPE), Alaska Student  Loan Corporation                                                               
(ASLC), Executive  Officer, advised  that the sponsor  is focused                                                               
on  making  lower  cost  financing  available  to  both  students                                                               
currently  going through  the pipeline,  but also  to holders  or                                                               
borrowers  of  education loans  who  might  have those  loans  at                                                               
higher interest rates  and are interested in  refinancing them at                                                               
a lower  rate.  In the  event the people of  Alaska are presented                                                               
with  this opportunity  to  decide  on the  ballot  to amend  the                                                               
Alaska  State  Constitution, and  vote  in  the affirmative,  her                                                               
office would be able to enter  the market with the state's credit                                                               
behind these loans.   Therefore, not only would  Alaskans enjoy a                                                               
lower rate in the market, and  in the event the state retains its                                                               
AAA  rating, she  estimated there  would  be a  full 1.1  percent                                                               
interest rate  advantage in the market.   In the event  that rate                                                               
drops  to AA  rating, Alaskans  would still  maintain a  95 basis                                                               
points advantage in  the market.  Therefore, there  is a material                                                               
benefit  to  students  increasingly looking  to  alternatives  to                                                               
finance their education.   She noted that the state  is in an era                                                               
where, with  the rising  cost of education  within the  state and                                                               
outside  the state,  the need  for  this type  of assistance  and                                                               
support from the  state is higher than ever.   The beauty of this                                                               
structure is  that her office  could leverage the  state's credit                                                               
rating without having  to tap the general fund  because the loans                                                               
would  be made  with the  underwriting criteria  that would  make                                                               
them  fully capable  of repaying  the bonds  as they  become due.                                                               
They  would be  able to  sustain themselves  without any  general                                                               
fund draws and the corporation  would design the related programs                                                               
accordingly, she explained.                                                                                                     
                                                                                                                                
CHAIR LEDOUX opened public testimony.   After ascertaining no one                                                               
wished to testify, closed public testimony.                                                                                     
                                                                                                                                
2:32:37 PM                                                                                                                    
                                                                                                                                
CHAIR LEDOUX advised that she is holding the bill.                                                                              
                                                                                                                                
[SJR 2 was held over.]                                                                                                          

Document Name Date/Time Subjects
SB 123 - Sponsor Statement.pdf HJUD 4/13/2016 1:00:00 PM
SB 123
SB 123 - CS ver E (JUD).pdf HJUD 4/13/2016 1:00:00 PM
SB 123
SB 123 - Summary of Changes ver A to ver E.pdf HJUD 4/13/2016 1:00:00 PM
SB 123
SB 123 - Version A.pdf HJUD 4/13/2016 1:00:00 PM
SB 123
SB 123 - Fiscal Note-DOA-OPA-02-09-16.pdf HJUD 4/13/2016 1:00:00 PM
SB 123
SB 123 - Fiscal Note-DPS-AST-02-08-16.pdf HJUD 4/13/2016 1:00:00 PM
SB 123
SB 123 - Fiscal Note-LAW-CRIM-02-08-16.pdf HJUD 4/13/2016 1:00:00 PM
SB 123
SB 123 - Supporting Documents - Alaska Texting While Driving Charges.pdf HJUD 4/13/2016 1:00:00 PM
SB 123
SB 123 - Supporting Documents - Alaska Texting While Driving Penalties.pdf HJUD 4/13/2016 1:00:00 PM
SB 123
SB 123 - Supporting Documents - AO 2015-126 Pages 14-15.pdf HJUD 4/13/2016 1:00:00 PM
SB 123
SB 123 - Supporting Documents - Article ADN 11.15.15.pdf HJUD 4/13/2016 1:00:00 PM
SB 123
SB 123 - Supporting Documents - Hands Free Info.pdf HJUD 4/13/2016 1:00:00 PM
SB 123
SB 123 - Supporting Documents - Legal Memo 2.24.2016.pdf HJUD 4/13/2016 1:00:00 PM
SB 123
SB 123 - Supporting Documents - Legislative Research Report Municipal Laws.pdf HJUD 4/13/2016 1:00:00 PM
SB 123
SB 123 - Supporting Documents - NCSL Texting While Driving State Laws.pdf HJUD 4/13/2016 1:00:00 PM
SB 123
HB 347 - Sectional Analysis - Version H.pdf HJUD 4/13/2016 1:00:00 PM
HB 347
HB 347 - Proposed CS - Version H.pdf HJUD 4/13/2016 1:00:00 PM
HB 347
HB 347 - Summary of Changes - Version A to Version H.pdf HJUD 4/13/2016 1:00:00 PM
HB 347
HB 347 - Supporting Documents - Article Alaska Bar Rag.pdf HJUD 4/13/2016 1:00:00 PM
HB 347
HB 347 - Supporting Documents - Examples of False Claims Cases.pdf HJUD 4/13/2016 1:00:00 PM
HB 347
SB 121 Sponsor Statement Version E.pdf HJUD 4/13/2016 1:00:00 PM
SB 121
SB121 ver E.pdf HJUD 4/13/2016 1:00:00 PM
SB 121
SB121 Summary of Changes ver A to ver E.pdf HJUD 4/13/2016 1:00:00 PM
SB 121
SB121 ver A.pdf HJUD 4/13/2016 1:00:00 PM
SB 121
SB121 Fiscal Note-LAW-CIV-01-23-16.pdf HJUD 4/13/2016 1:00:00 PM
SB 121
SB121 Supporting Documents-Legal Memo 10.8.2015.pdf HJUD 4/13/2016 1:00:00 PM
SB 121
SB121 Supporting Documents-Alaska Personal Information Protection Act.pdf HJUD 4/13/2016 1:00:00 PM
SB 121
SB121 Supporting Documents-Laura Hughes Email 5.28.15.pdf HJUD 4/13/2016 1:00:00 PM
SB 121
SB121 Supporting Documents-Child ID Theft Report 2012 AllClear ID Network.pdf HJUD 4/13/2016 1:00:00 PM
SB 121
SB121 Supporting Documents-CyLab Child Identity Theft Report.pdf HJUD 4/13/2016 1:00:00 PM
SB 121
SB121 Supporting Documents-NCSL Article Identity Theft Strikes Young.pdf HJUD 4/13/2016 1:00:00 PM
SB 121
SB121 Supporting Documents-NCSL Child Identity Theft State Laws.pdf HJUD 4/13/2016 1:00:00 PM
SB 121
SJR 2 Sponsor Statement.pdf HJUD 4/13/2016 1:00:00 PM
SJR 2
SJR 2 Sectional Analysis.pdf HJUD 4/13/2016 1:00:00 PM
SJR 2
SJR 2 - Version A.pdf HJUD 4/13/2016 1:00:00 PM
SJR 2
SJR 2-Fiscal Note-OOG-DOE-03-18-16.pdf HJUD 4/13/2016 1:00:00 PM
SJR 2
SJR 2 Letter of Support-Juneau Chamber of Commerce.pdf HJUD 4/13/2016 1:00:00 PM
SJR 2
SJR 2 Letter of Support-University of Alaska.pdf HJUD 4/13/2016 1:00:00 PM
SJR 2
SB 91 - Draft CS ver X (HJUD).pdf HJUD 4/13/2016 1:00:00 PM
SB 91
SB91-Summary of Changes ver Y.A (FIN) to X (HJUD).pdf HJUD 4/13/2016 1:00:00 PM
SB 91
SB 174 - Opposing Documents - UA Memo to House Judiciary 04.13.16.pdf HJUD 4/13/2016 1:00:00 PM
SB 174
SB 91 - Written Testimony .pdf HJUD 4/13/2016 1:00:00 PM
SB 91