01/16/1998 03:22 PM House L&C

HB 178 - UNIFORM COMMERCIAL CODE:LETTERS OF CREDIT                             
                                                                               
Number 0097                                                                    
                                                                               
CHAIRMAN ROKEBERG announced the committee would address HB 178,                
"An Act relating to letters of credit under the Uniform Commercial             
Code; and providing for an effective date."  He noted the committee            
had a meeting during the interim regarding HB 178.  Chairman                   
Rokeberg pointed out the bill is in subcommittee and said he would             
entertain a motion to bring it back before the full committee.                 
                                                                               
Number 0141                                                                    
                                                                               
REPRESENTATIVE JOHN COWDERY moved to bring HB 178 back before the              
full committee.  There being no objection, HB 178 was before the               
full committee.                                                                
                                                                               
CHAIRMAN ROKEBERG indicated there had been several previous                    
hearings regarding HB 178.  He asked if there was anybody in                   
attendance that wished to testify.  There being nobody to testify              
on HB 178, he then closed the public hearing.                                  
                                                                               
Number 0209                                                                    
                                                                               
REPRESENTATIVE JOE RYAN pointed out that in the committee file                 
there is a letter from the Alaska Bankers Association.  The                    
salutation refers to "Vice Chairman Rokeberg" and not "Chairman                
Rokeberg."  He asked that record note that it should read "Chairman            
Rokeberg."                                                                     
                                                                               
Number 0231                                                                    
                                                                               
REPRESENTATIVE RYAN made a motion to move HB 178 out of committee              
with individual recommendations and the attached zero fiscal note.             
                                                                               
CHAIRMAN ROKEBERG asked if there was an objection.  There being                
none, HB 178 moved out of the House Labor and Commerce Standing                
Committee.