03/09/1994 01:53 PM Senate JUD

 CHAIRMAN TAYLOR brings up  HB  71  (DISSOLUTION OF NATIVE                     
 CORPORATIONS) as the next order of business before the Senate                 
 Judiciary Committee and calls Mr. LaBolle to testify.                         
                                                                               
 LARRY LABOLLE, Aide to Representative Foster, prime sponsor of                
 HB 71, gives a brief background history on the bill.                          
                                                                               
 SENATOR LITTLE asks Mr. LaBolle how many village corporations would           
 be affected by HB 71.                                                         
                                                                               
 MR. LABOLLE responds there is one in their region, but he does not            
 know how many there are statewide.  He has heard that there are               
 several in the Southeast Region of the state.                                 
                                                                               
 SENATOR TAYLOR commented that an annual report has to be filed and            
 in many instances the corporations have failed to file those                  
 reports.  This legislation would give those corporations the                  
 opportunity to go back and start filing these reports again.  He              
 added his support for the legislation.                                        
                                                                               
 Because the committee lacked a quorum, SENATOR TAYLOR said HB 71              
 would be held for final action until later in the meeting.