Legislature(2007 - 2008)
04/10/2008 05:51 PM Senate FIN
| Audio | Topic |
|---|---|
| Start | |
| HB 152 | |
| HB 373 | |
| HB 320 | |
| HB 294 | |
| HB 417 | |
| HB 325 |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
SENATE CS FOR CS FOR HOUSE BILL NO. 152(FIN)
"An Act establishing a renewable energy grant fund and
describing its uses and purposes; establishing a
renewable energy grant recommendation program; for the
fiscal year ending June 30, 2009, authorizing the
Alaska Energy Authority to distribute renewable energy
grants and setting out the procedures to be followed to
award those grants; establishing a state heating
assistance program in addition to the federal heating
assistance program; establishing an Alaska Renewable
Energy Task Force; and providing for an effective
date."
Co-Chair Stedman MOVED to ADOPT Amendment #8:
Page 2, line 31:
Delete "and will achieve a statewide balance of
grant funds"
Page 3, line 3:
Delete "significant weight being given"
Insert "the most weight being given to projects
that service areas in which energy costs exceed energy
costs in other areas of the state, and significant
weight being given to a statewide balance of grant
funds and"
Co-Chair Stedman OBJECTED for discussion.
5:52:40 PM
Co-Chair Stedman remarked that in rating and ranking
different applicants attention is paid to the higher cost
areas.
Co-Chair Stedman WITHDREW his OBJECTION. There being NO
further OBJECTION, Amendment # 8 was adopted.
5:53:58 PM
Co-Chair Stedman MOVED to ADOPT Amendment #9:
Page 1, line 1, following "establishing":
Insert "establishing a renewable energy fund and
describing their uses and purposes;"
Page 2, line 27:
Following "energy":
Insert "fund and"
Following "program.":
Insert new subsections to read:
"(a) A renewable energy fund is established as a
separate fund to finance certain energy projects in
Alaska.
(b) The authority shall administer the fund as a
fund distinct from other funds of the authority. The
fund consists of
(1) money appropriated to the fund by the
legislature to provide grants for certain energy
projects determined by the legislature;
(2) gifts, bequests, contributions from
other sources, and federal money;
(3) interest earned on the fund balance; and
(4) investments to be managed by the
Department of Revenue, which shall be the fiduciary of
the fund under AS 37.10.071.
(c) The fund is not a dedicated fund."
Reletter the following subsections accordingly.
Page 2, line 28:
Delete "(f)"
Insert "(i)"
Page 3, line 11:
Delete "(f)"
Insert "(i)"
Page 3, line 16:
Delete "(c), (d), and (e)"
Insert "(f), (g), and (h)"
Page 3, line 20:
Delete "(b)"
Insert "(e)"
Page 3, line 30:
Delete "(b)"
Insert "(e)"
Page 4, line 4:
Delete "(b)"
Insert "(e)"
Page 4, line 25:
Delete "(f)"
Insert "(i)"
Page 4, following line 27:
Insert a new subsection to read:
"(k) The legislature may appropriate money for
grants from the renewable energy project fund for
renewable energy projects described in this section."
Reletter the following subsection accordingly.
Page 5, following line 1:
Insert a new paragraph to read:
"(2) "fund" means the renewable energy fund;"
Renumber the following paragraphs accordingly.
Page 5, line 19:
Delete "AS 42.45.045(c) - (e)"
Insert "AS 42.45.045(f) - (h)"
Page 5, line 21:
Delete "AS 42.45.045(c) - (e)"
Insert "AS 42.45.045(f) - (h)"
Delete "sec. 2"
Insert "sec. 3"
Page 5, line 22:
Delete "AS 42.45.045(a), (b), and (f) - (l)"
Insert "AS 42.45.045(d), (e), and (i) - (l)"
Page 5, line 23:
Delete "sec. 2"
Insert "sec. 3"
Page 6, line 8:
Delete "AS 42.45.045(f)(1)"
Insert "AS 42.45.045(i)(1)"
Co-Chair Stedman OBJECTED for discussion.
Co-Chair Stedman noted that Amendment #9 establishes a
renewable energy fund and describes the uses and purposes
After meeting with Legislative Finance is was decided that a
holding mechanism was needed for the funds after
appropriations. Amendment #9 describes how this is to be set
up.
Co-Chair Stedman WITHDREW his OBJECTION. There being NO
further OBJECTION, Amendment #9 was adopted.
5:55:00 PM
Senator Olson MOVED to REPORT SCS CSHB 152 (FIN) out of
Committee with individual recommendations and accompanying
fiscal notes.
Co-Chair Stedman OBJECTED for discussion.
Senator Olson WITHDREW his MOTION to REPORT SCS CSHB 152
(FIN) out of Committee.
Co-Chair Stedman reviewed the accompanying fiscal notes.
5:56:02 PM
Co-Chair Stedman MOVED to ADOPT the four fiscal notes. There
being NO OBJECTION, it was so ordered.
Co-Chair Stedman WITHDREW his OBJECTION.
Senator Olson MOVED to REPORT SCS CSHB 152 (FIN) out of
Committee with individual recommendations and accompanying
fiscal notes. There being NO OBJECTION, it was so ordered.
SCS CSHB 152 (FIN) was REPORTED out of Committee with a "do
pass" recommendation and accompanying new fiscal notes from
the Department of Commerce, Community and Economic
Development, Department of Health and Social Services, and
the Senate Finance Committee.
AT EASE: 5:57:45 PM
RECONVENED: 6:01:02 PM
6:01:07 PM
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