Legislature(1997 - 1998)
03/09/1998 12:01 PM House BUD
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* first hearing in first committee of referral
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+ teleconferenced
= bill was previously heard/scheduled
Legislative Budget and Audit
March 9, 1998
12:00 Noon
House Finance Committee Room
State Capitol
Juneau, Alaska
Tape: LBA-980903 Tape 1 Side 1
CALL TO ORDER
Chairman Phillips convened the meeting of the Legislative Budget
and Audit Committee on March 9, 1998, at approximately 12:35 p.m.
in House Finance, Room 517, of the State Capitol, Juneau, Alaska.
PRESENT
The following members were present:
Senators Representatives
Chairman Phillips Representative Martin
Senator Adams Representative Bunde
Senator Halford Representative Croft
Senator Pearce Representative Therriault
ALSO PRESENT
Pat Davidson, Acting Chief Legislative Auditor; Mike Greany,
Legislative Fiscal Analyst.
APPOINTMENT OF LEGISLATIVE AUDITOR
Senator Pearce MOVED to go into Executive Session as we will be
discussing personal items.
Chairman Phillips - Hearing no objection, the motion was
APPROVED.
EXECUTIVE SESSION
Chairman Phillips re-convened the meeting to the public.
Senator Pearce MOVED the motion on the floor prior to going into
Executive Session to name Pat Davidson as Chief Legislative
Auditor and asked unanimous consent.
Chairman Phillips - Hearing no objection, the motion was
APPROVED.
CONSIDERATION OF AUDIT REQUEST
Chairman Phillips brought before the Committee the audit request
of Senator Taylor relative to the activities of the Division of
Banking and Securities and the Attorney General's office in
connection with World Plus, Inc.
Pat Davidson - The audit request before you was also before you
in December and at that time, I believe, the Committee failed to
approve it. It is back before us. It did have some issues with
regard to some lawsuits and at the Committee's pleasure, if the
members want a full discussion about it, I would suggest going
back again into Executive Session.
Representative Martin MOVED to go back into Executive Session for
purposes of the special audit based on the financial impact to
the State.
Chairman Phillips - Hearing no objection, the motion was
APPROVED.
EXECUTIVE SESSION
Chairman Phillips re-convened the meeting to the public.
Senator Halford MOVED to approve the audit as it was requested
with the added request that we have a 30-day written confidential
progress report
Chairman Phillips - Hearing no objection, the motion was
APPROVED.
ADJOURNMENT
Chairman Phillips adjourned the meeting at 1:07 p.m.
(End, Tape: LB&A-980903,Tape 1 Side 1 #153)
LB&A 2 03/09/98
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