Legislature(1999 - 2000)
05/15/1999 12:27 PM Senate JUD
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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
HB 83-ALASKA SECURITIES ACT REPRESENTATIVE ROKEBERG informed committee members that this bill, sponsored by the House Labor and Commerce Committee, was prompted by a change in federal law. Without passage of this legislation, the state will lose $4 to $5 million in fees from the mutual fund industry. He noted staff from the Division of Banking, Securities and Administration are available to answer any technical questions about this legislation. CHAIRMAN TAYLOR noted that he received significant written testimony, in anticipation of a proposed amendment, from people who waited to testify yesterday. He announced that amendment was not offered. The committee took a brief at-ease. SENATOR ELLIS moved HB 83 with individual recommendations. There being no objection, HB 83 moved from committee.
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