Legislature(2015 - 2016)BARNES 124

04/13/2015 03:15 PM LABOR & COMMERCE

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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
*+ HB 12 MORTGAGE LENDING AND LOAN ORIGINATORS TELECONFERENCED
Heard & Held
*+ HB 169 RCA: RAILBELT ELECTRIC UTILITY REPORT TELECONFERENCED
Heard & Held
+= HB 66 INS. FOR DEPENDENTS OF DECEASED TEACHERS TELECONFERENCED
Heard & Held
-- Public Testimony --
*+ HB 122 CORPORATION/LLC/PARTNERSHIP REPORTS TELECONFERENCED
Heard & Held
                    ALASKA STATE LEGISLATURE                                                                                  
           HOUSE LABOR AND COMMERCE STANDING COMMITTEE                                                                        
                         April 13, 2015                                                                                         
                            3:19 p.m.                                                                                           
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Representative Kurt Olson, Chair                                                                                                
Representative Shelley Hughes, Vice Chair                                                                                       
Representative Jim Colver                                                                                                       
Representative Gabrielle LeDoux                                                                                                 
Representative Cathy Tilton                                                                                                     
Representative Andy Josephson                                                                                                   
Representative Sam Kito                                                                                                         
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
Representative Mike Chenault (alternate)                                                                                        
                                                                                                                                
COMMITTEE CALENDAR                                                                                                            
                                                                                                                                
HOUSE BILL NO. 169                                                                                                              
"An Act directing  the Regulatory Commission of  Alaska to provide                                                              
a report  to the legislature  relating to electrical  transmission                                                              
in certain  areas of  the state;  and providing  for an  effective                                                              
date."                                                                                                                          
                                                                                                                                
     - HEARD & HELD                                                                                                             
                                                                                                                                
HOUSE BILL NO. 66                                                                                                               
"An Act  relating to  providing medical  insurance coverage  under                                                              
the  Teachers'   Retirement  System  of  Alaska   and  the  Public                                                              
Employees'  Retirement  System of  Alaska;  and providing  for  an                                                              
effective date."                                                                                                                
                                                                                                                                
     - HEARD & HELD                                                                                                             
                                                                                                                                
HOUSE BILL NO. 12                                                                                                               
"An Act relating  to mortgage lending, mortgage  loan originators,                                                              
depository  institutions, nonprofit  organizations, and  nonprofit                                                              
organization employees; and providing for an effective date."                                                                   
                                                                                                                                
     - HEARD & HELD                                                                                                             
                                                                                                                                
HOUSE BILL NO. 122                                                                                                              
"An  Act relating  to  the required  reports,  required fees,  and                                                              
other    aspects   of    for-profit   corporations,    cooperative                                                              
corporations, nonprofit corporations, corporations formed under                                                                 
AS 10.40, limited liability companies, and limited liability                                                                    
partnerships; and providing for an effective date."                                                                             
                                                                                                                                
     - HEARD & HELD                                                                                                             
                                                                                                                                
                                                                                                                                
PREVIOUS COMMITTEE ACTION                                                                                                     
                                                                                                                                
BILL: HB 169                                                                                                                  
SHORT TITLE: RCA: RAILBELT ELECTRIC  UTILITY REPORT                                                                             
SPONSOR(s): LABOR & COMMERCE                                                                                                    
                                                                                                                                
03/30/15       (H)       READ THE FIRST TIME - REFERRALS                                                                        
03/30/15       (H)       L&C                                                                                                    
04/13/15       (H)       L&C AT 3:15 PM BARNES 124                                                                              
                                                                                                                                
BILL: HB 66                                                                                                                   
SHORT TITLE: INS. FOR DEPENDENTS OF DECEASED TEACHERS                                                                           
SPONSOR(s): MILLETT                                                                                                             
                                                                                                                                
01/21/15       (H)       READ THE FIRST TIME - REFERRALS                                                                        
01/21/15       (H)       L&C, FIN                                                                                               
04/08/15       (H)       L&C AT 3:15 PM BARNES 124                                                                              
04/08/15       (H)       Heard & Held                                                                                           
04/08/15       (H)       MINUTE(L&C)                                                                                            
04/13/15       (H)       L&C AT 3:15 PM BARNES 124                                                                              
                                                                                                                                
BILL: HB 12                                                                                                                   
SHORT TITLE: MORTGAGE LENDING AND  LOAN ORIGINATORS                                                                             
SPONSOR(s): HUGHES                                                                                                              
                                                                                                                                
01/21/15       (H)       PREFILE RELEASED 1/9/15                                                                                
01/21/15       (H)       READ THE FIRST TIME - REFERRALS                                                                        
01/21/15       (H)       L&C                                                                                                    
04/13/15       (H)       L&C AT 3:15 PM BARNES 124                                                                              
                                                                                                                                
BILL: HB 122                                                                                                                  
SHORT TITLE: CORPORATION/LLC/PARTNERSHIP REPORTS                                                                                
SPONSOR(s): COLVER                                                                                                              
                                                                                                                                
02/23/15       (H)       READ THE FIRST TIME - REFERRALS                                                                        
02/23/15       (H)       L&C, JUD                                                                                               
04/03/15       (H)       L&C AT 3:15 PM BARNES 124                                                                              
04/03/15       (H)       -- MEETING CANCELED --                                                                                 
04/13/15       (H)       L&C AT 3:15 PM BARNES 124                                                                              
                                                                                                                                
WITNESS REGISTER                                                                                                              
                                                                                                                                
KONRAD JACKSON, Staff                                                                                                           
Alaska State Legislature                                                                                                        
Juneau, Alaska                                                                                                                  
POSITION STATEMENT:  On behalf of the House Labor and Commerce                                                                
Standing Committee, Kurt Olson, Chair, testified and answered                                                                   
questions on HB 169.                                                                                                            
                                                                                                                                
BRAD JANORSCHKE, General Manager                                                                                                
Homer Electric Association (HEA)                                                                                                
Homer, Alaska                                                                                                                   
POSITION STATEMENT:  Testified during the discussion of HB 169.                                                               
                                                                                                                                
T.W. PATCH, Commissioner, Chair                                                                                                 
Regulatory Commission of Alaska                                                                                                 
Department of Commerce, Community & Economic Development (DCCED)                                                                
Anchorage, Alaska                                                                                                               
POSITION STATEMENT:  Testified during the discussion of HB 169.                                                               
                                                                                                                                
CORY BORGESON, President & CEO                                                                                                  
Golden Valley Electric Association (GVEA)                                                                                       
Fairbanks, Alaska                                                                                                               
POSITION STATEMENT:  Testified in support of HB 169.                                                                          
                                                                                                                                
GRACE ABBOTT, Staff                                                                                                             
Representative Charisse Millett                                                                                                 
Alaska State Legislature                                                                                                        
Juneau, Alaska                                                                                                                  
POSITION STATEMENT:  Testified on behalf of the prime sponsor,                                                                
Representative Millet, during the discussion of HB 66.                                                                          
                                                                                                                                
BRANDY JOHNSON                                                                                                                  
Wasilla, Alaska                                                                                                                 
POSITION STATEMENT:  Testified in support of HB 66.                                                                           
                                                                                                                                
NIKKI TOLL                                                                                                                      
Wasilla, Alaska                                                                                                                 
POSITION STATEMENT:  Testified in support of HB 66.                                                                           
                                                                                                                                
JAMES COCKRELL, Colonel; Director                                                                                               
Alaska State Troopers (AST)                                                                                                     
Department of Public Safety (DPS)                                                                                               
Anchorage, Alaska                                                                                                               
POSITION STATEMENT:  Testified in support of HB 66.                                                                           
                                                                                                                                
ARRON DANIELSON, President                                                                                                      
Public Safety Employees Association (PSEA)                                                                                      
Fairbanks, Alaska                                                                                                               
POSITION STATEMENT:  Testified in support of HB 66.                                                                           
                                                                                                                                
MOLLY BRINK                                                                                                                     
Juneau, Alaska                                                                                                                  
POSITION STATEMENT:  Testified in support of HB 66.                                                                           
                                                                                                                                
REPRESENTATIVE SHELLEY HUGHES                                                                                                   
Alaska State Legislature                                                                                                        
Juneau, Alaska                                                                                                                  
POSITION STATEMENT:  Presented HB 12 as prime sponsor.                                                                        
                                                                                                                                
KIMBERLY SWIANTEK, Staff                                                                                                        
Representative Shelley Hughes                                                                                                   
Juneau, Alaska                                                                                                                  
POSITION STATEMENT:  Testified on behalf of the sponsor on the                                                                
changes in the proposed committee substitute, Version H, of HB                                                                  
12.                                                                                                                             
                                                                                                                                
GINGER BLAISDELL, Staff                                                                                                         
Representative Shelley Hughes                                                                                                   
Alaska State Legislature                                                                                                        
Juneau, Alaska                                                                                                                  
POSITION STATEMENT:  Testified on behalf of the prime sponsor,                                                                
Representative Shelley Hughes, during the discussion of HB 12.                                                                  
                                                                                                                                
KRISTIE BABCOCK, Agent                                                                                                          
State Farm Insurance                                                                                                            
Kenai, Alaska                                                                                                                   
POSITION STATEMENT:  Testified in support of HB 12.                                                                           
                                                                                                                                
ROGER BAINBRIDGE, Counsel                                                                                                       
State Farm Bank                                                                                                                 
Bloomington, Illinois                                                                                                           
POSITION STATEMENT:  Testified during the discussion of HB 12.                                                                
                                                                                                                                
JOHN CARMAN, President                                                                                                          
Home State Mortgage                                                                                                             
Chair; Legislative Affairs Committee                                                                                            
Alaska Mortgage Bankers Association                                                                                             
Anchorage, Alaska                                                                                                               
POSITION STATEMENT:  Testified during the discussion of HB 12.                                                                
                                                                                                                                
MICHAEL MARTIN, Executive Vice President, General Counsel                                                                       
Northrim Bank                                                                                                                   
Alaska Bankers Association (ABA)                                                                                                
Anchorage, Alaska                                                                                                               
POSITION STATEMENT:  Testified during the discussion of HB 12.                                                                
                                                                                                                                
KEVIN ANSELM, Director                                                                                                          
Division Banking and Securities                                                                                                 
Department of Commerce, Community & Economic Development (DCCED)                                                                
Anchorage, Alaska                                                                                                               
POSITION STATEMENT:   Testified and answered questions  during the                                                            
discussion of HB 12                                                                                                             
                                                                                                                                
MIKE WILKINSON, Agency Field Leader                                                                                             
State Farm Insurance                                                                                                            
Anchorage, Alaska                                                                                                               
POSITION STATEMENT:  Testified in support of HB 12.                                                                           
                                                                                                                                
DAVID SCOTT, Staff                                                                                                              
Representative Jim Colver                                                                                                       
Juneau, Alaska                                                                                                                  
POSITION STATEMENT:   Testified  on behalf  of the prime  sponsor,                                                            
Representative Jim Colver, during the discussion of HB 122.                                                                     
                                                                                                                                
SARA CHAMBERS, Operations Manager                                                                                               
Division of Corporations, Business, and Professional Licensing                                                                  
Department of Commerce, Community,  & Economic Development (DCCED)                                                              
Juneau, Alaska                                                                                                                  
POSITION   STATEMENT:     Provided  comments   and  responded   to                                                            
questions on HB 122.                                                                                                            
                                                                                                                                
                                                                                                                                
ACTION NARRATIVE                                                                                                              
                                                                                                                                
3:19:17 PM                                                                                                                    
                                                                                                                                
CHAIR  KURT OLSON  called the  House Labor  and Commerce  Standing                                                            
Committee meeting  to order  at 3:19  p.m.  Representatives  Kito,                                                              
Tilton, Colver,  Josephson, LeDoux, Hughes and Olson  were present                                                              
at the call to order.                                                                                                           
                                                                                                                                
          HB 169-RCA: RAILBELT ELECTRIC UTILITY REPORT                                                                      
                                                                                                                                
3:19:45 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON  announced that the first  order of business  would be                                                              
HOUSE BILL  NO. 169, "An Act  directing the Regulatory  Commission                                                              
of  Alaska to  provide a  report  to the  legislature relating  to                                                              
electrical  transmission  in  certain  areas  of  the  state;  and                                                              
providing for an effective date."                                                                                               
                                                                                                                                
3:20:20 PM                                                                                                                    
                                                                                                                                
KONRAD  JACKSON, Staff,  House  Labor &  Commerce,  Representative                                                              
Kurt  Olson,   Chair,  stated  that   HB  169  would   direct  the                                                              
Regulatory  Commission   of  Alaska  (RCA)  to  review   and  make                                                              
recommendations  regarding   a  process  whereby   an  Independent                                                              
Railbelt  Transmission Operator  would be  created.  The  Railbelt                                                              
energy   system   consists   of   an   interconnected   electrical                                                              
transmission system  in Southcentral Alaska which  encompasses the                                                              
Bradley  Lake  hydroelectric  plant  on Kachemak  Bay  near  Homer                                                              
north to  Fairbanks.   The interconnection  of the communities  by                                                              
these  transmission  lines  helps  keep a  significant  number  of                                                              
people of Alaskans  safe and secure.  With long  distances between                                                              
utility   companies   and   their   generation   facilities,   the                                                              
interconnected system  is of great  importance.   The interconnect                                                              
system helps bring  reliable electricity to a large  percentage of                                                              
Alaskans should not to be taken lightly, he said.                                                                               
                                                                                                                                
MR.  JACKSON  said  the  transmission  authority  proposed  to  be                                                              
evaluated by the  RCA would act as more of a  "craigslist" type of                                                              
authority.   Instead of  mandating utilities  pledge their  assets                                                              
to  one controlling  entity, this  concept  would allow  continued                                                              
local control  of assets  while at  the same  time maximizing  the                                                              
value and  reliability of the  interconnected system.   Using this                                                              
approach,  excess  power  could  be posted  as  available  and  be                                                              
purchased as needed  by any utility.  This would  promote usage of                                                              
the most economical  power along the interconnected  system at all                                                              
times.  Without  local control of assets, some  utilities stand to                                                              
be  losers  while   others  stand  to  gain  from   these  losses.                                                              
Consumer pricing  and reliability across the Railbelt  is critical                                                              
for any transmission company to work in the long-term.                                                                          
                                                                                                                                
3:22:35 PM                                                                                                                    
                                                                                                                                
MR. JACKSON  said that willing  participation and  continued local                                                              
control of  assets should  also be  considered critical  as Alaska                                                              
continues  to look towards  an ISO  [Independent System  Operator]                                                              
concept along  the Railbelt.   Last year  the RCA was  tasked with                                                              
the  job of  reporting  to  the legislature  whether  creating  an                                                              
independent  system operator was  the best  option to provide  for                                                              
effective  and efficient  electrical  transmission.    The RCA  is                                                              
nearing completion  on its work  and the intent  of HB 169  is not                                                              
to interrupt the  foregoing work, but to allow  the legislature to                                                              
consider any  further direction to  the RCA.  He  characterized HB                                                              
169  as   a  first  step   in  that  regard.     In   response  to                                                              
Representative   Kito,  he   stated  that   House  Bill  340   was                                                              
considered  by the legislature  in  2014 and directed  the  RCA to                                                              
look  at a  similar concept  with an  independent system  operator                                                              
(ISO) and report  back to the legislature.  This  bill refers to a                                                              
slightly  different ISO  and  the reporting  date  falls one  year                                                              
later, he said.                                                                                                                 
                                                                                                                                
3:25:00 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  KITO,  referring  to the  fiscal  note,  suggested                                                              
some cost  should be associated with  it, but the fiscal  note was                                                              
identified as indeterminate  through 2021.  He  questioned why the                                                              
report  would still  be ongoing  in 2021  and also  said he  was a                                                              
little  confused  why  the  fiscal note  was  indeterminate.    He                                                              
further asked for  clarification on the source of  funding for the                                                              
report.                                                                                                                         
                                                                                                                                
MR. JACKSON offered  his belief that last year House  Bill 340 had                                                              
a fiscal  note.  He  deferred to  Mr. Patch, RCA  to speak  to the                                                              
fiscal  note.   He  surmised  that  some  of  the funds  might  be                                                              
available  for this  report,  but Mr.  Patch  could better  answer                                                              
questions on the fiscal note.                                                                                                   
                                                                                                                                
3:26:25 PM                                                                                                                    
                                                                                                                                
BRAD  JANORSCHKE,  General  Manager,  Homer  Electric  Association                                                              
(HEA), stated  that the RCA has  been directing a study  which was                                                              
funded during  the last  legislative session  to consider  whether                                                              
creating   an  ISO   or  similar   structure   for  the   Railbelt                                                              
transmission  system   is  the  best  option  for   effective  and                                                              
efficient  use of  the transmission  system.   Although the  RCA's                                                              
efforts  were  appreciated, he  offered  his  belief that  HB  169                                                              
would  provide  additional  direction  and clarity  on  the  RCA's                                                              
analysis.    This  bill  would direct  the  RCA  to  evaluate  the                                                              
creation  of an  independent  entity  to manage  the  transmission                                                              
system  and  the entity,  regulated  by  the  RCA, and  must  meet                                                              
criteria the  Homer Electric Association  (HEA) has  identified as                                                              
important.  The  entity would be required to attain  a Certificate                                                              
of  Public Convenience  and  Necessity from  the  RCA and  operate                                                              
under a tariff.   Secondly, participation in such  an entity would                                                              
be voluntary,  he said,  which is  a critical  attribute for  HEA.                                                              
While  each utility's  participation  is important,  each  utility                                                              
should voluntarily  enter into the  arrangement since  a voluntary                                                              
model  encourages   cooperation  and  reduces  the   magnitude  of                                                              
winners  and  losers.    He said  he  recently  talked  to  Alaska                                                              
Municipal Light &  Power's (AML&P) chair, Jim Trent,  who couldn't                                                              
participate  today   since  he  was  attending  an   RCA  hearing.                                                              
However, Mr.  Trent advised  him that he  also felt very  strongly                                                              
that any  entity created  should be voluntary  in order  to better                                                              
allow for  consensus on a common  set of principles  and standards                                                              
and to  mitigate any losers  in the process.   Lastly,  the entity                                                              
envisioned in  HB 169  will allow for  continued local  control of                                                              
assets, while  at the  same time  it will  maximize the  value and                                                              
reliability of an interconnected system, he said.                                                                               
                                                                                                                                
3:29:20 PM                                                                                                                    
                                                                                                                                
MR. JANORSCHKE  said  that the entity  envisioned  in HB 169  will                                                              
manage and  create a  voluntary and  transparent wholesale  energy                                                              
market without  adding significant administrative  overhead, which                                                              
will be  the most  economical distribution  of wholesale  power on                                                              
the Railbelt.  He  said that HEA has worked with  other utilities,                                                              
without a middle  man, to ask for  bids on short term  spot market                                                              
energy  needs, which  has been  fairly successful.   The  Railbelt                                                              
has been going  through some increases and ratepayers  and members                                                              
have had  to shoulder most  of those rising  costs.  Thus  the HEA                                                              
has tried  to mitigate circumstances  that will add to  the costs.                                                              
Last  September,  all  the  Railbelt   utilities  signed  a  [MOU]                                                              
Memorandum  of  Understanding  adopting guiding  principles  of  a                                                              
Railbelt "transco"  [or transmission company].  This  bill appears                                                              
to be  entirely consistent  with those principles,  he said.   The                                                              
entity   envisioned   by  HB   169   would  be   transparent   and                                                              
nondiscriminatory   and  adhere   to   established  planning   and                                                              
reliability  standards.    He  stated  that  these  standards  and                                                              
protocols would  be based  on established objective  transmission,                                                              
operating,  maintenance,   planning,  and  design   principles  to                                                              
promote  safety,  reliability, and  economic  efficiencies  across                                                              
the Railbelt grid.                                                                                                              
                                                                                                                                
3:31:16 PM                                                                                                                    
                                                                                                                                
T.W. PATCH, Commissioner,  Chair, Regulatory Commission  of Alaska                                                              
(RCA), Department  of Commerce,  Community & Economic  Development                                                              
(DCCED), stated he  is a commissioner and Chair  of the Regulatory                                                              
Commission of Alaska.                                                                                                           
                                                                                                                                
3:31:58 PM                                                                                                                    
                                                                                                                                
The committee took an at-ease from 3:31 p.m. to 3:34 p.m.                                                                       
                                                                                                                                
3:34:33 PM                                                                                                                    
                                                                                                                                
MR.  PATCH stated  that the  RCA recently  got a  new state  phone                                                              
system.  [Mr.  Patch  was  unable  to  testify  due  to  technical                                                              
difficulties with the audio.]                                                                                                   
                                                                                                                                
3:35:46 PM                                                                                                                    
                                                                                                                                
The committee took  an at-ease from 3:35 p.m. to  3:36 p.m. due to                                                              
technical difficulties.                                                                                                         
                                                                                                                                
3:36:54 PM                                                                                                                    
                                                                                                                                
CORY   BORGESON,  President   &   CEO,  Golden   Valley   Electric                                                              
Association (GVEA),  stated that the  GVEA has 34,000  members and                                                              
provides  electric service  as an  electric  cooperative owned  by                                                              
its  members in  Interior Alaska.   He  spoke in  support HB  169.                                                              
The GVEA  has faith  in the RCA,  he said,  noting that  Mr. Patch                                                              
has  done a  phenomenal job.   Most  Railbelt utilities  generally                                                              
support changes  in how the Railbelt  interties are operated.   He                                                              
related his  understanding  that how the  Railbelt dispatches  its                                                              
energy needs  to be reevaluated, which  is exactly what  HB 169 is                                                              
intended to do.   As Mr. Janorschke mentioned,  the composition of                                                              
the  Railbelt utilities  has changed  in  the past  few years  and                                                              
will continue  to evolve as  Matanuska Electric Association  (MEA)                                                              
becomes  a  self-generating   utility.    He  reported   that  the                                                              
Railbelt   consists  of   five   utilities   that  produce   third                                                              
generation   and  there   needs   to  be   additional  rules   and                                                              
regulations   as   the   Railbelt   becomes   "a   bigger   club."                                                              
Historically,  three  utilities  primarily  produced  all  of  the                                                              
energy,  but   as  the  Railbelt   has  grown  and   matured  some                                                              
additional   rules,   organizations,   and  structures   will   be                                                              
necessary.  The  Railbelt utilities have been  discussing the need                                                              
for change over the past few years.                                                                                             
                                                                                                                                
MR. BORGESON acknowledged  that some information that  has come to                                                              
the legislature  has been  from independent  power producers,  who                                                              
have  had  some  issues  with their  ability  to  connect  to  the                                                              
intertie for  their own projects.   As utilities have  become more                                                              
complex,  they  realize that  an  evolution  is necessary  in  the                                                              
Railbelt.   He  stated  that  Golden Valley  Electric  Association                                                              
(GVEA) supports  the study  that is contemplated  in HB 169.   All                                                              
six  utilities   have  signed  the  "guiding   principles,"  which                                                              
indicates  the   cooperative  spirit  that  has   evolved  in  the                                                              
Railbelt towards  this issue.   The  guiding principles  have been                                                              
filed  with the  RCA  so they  are  also available  for  committee                                                              
members to  review.  One  concept in the  bill is for  a voluntary                                                              
organization.  As  Homer Electric Association stated,  that aspect                                                              
is important  to them.   The GVEA believes  that the  markets will                                                              
prevail  and as the  new system  is developed,  the Railbelt  will                                                              
have  a  better  economic  dispatch   of  energy  that  will  save                                                              
Alaskans  on electric  costs.   He  appreciated  this bill  coming                                                              
into play.   He  anticipated that  discussions will continue  over                                                              
the summer.                                                                                                                     
                                                                                                                                
3:41:01 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON  hoped the  committee could  work on  HB 169  over the                                                              
legislative interim.                                                                                                            
                                                                                                                                
3:42:33 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON left public testimony open.                                                                                         
                                                                                                                                
[HB 169 was held over.]                                                                                                         
                                                                                                                                
The committee took an at-ease from 3:42 p.m. to 3:44 p.m.                                                                       
                                                                                                                                
         HB 66-INS. FOR DEPENDENTS OF DECEASED TEACHERS                                                                     
                                                                                                                                
3:43:32 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON  announced that  the next order  of business  would be                                                              
HOUSE  BILL  NO.  66,  "An  Act   relating  to  providing  medical                                                              
insurance  coverage  under  the  Teachers'  Retirement  System  of                                                              
Alaska  and the  Public Employees'  Retirement  System of  Alaska;                                                              
and providing for an effective date."                                                                                           
                                                                                                                                
3:44:13 PM                                                                                                                    
                                                                                                                                
GRACE  ABBOTT,  Staff,  Representative  Charisse  Millett,  Alaska                                                              
State   Legislature,    on   behalf   of   the    prime   sponsor,                                                              
Representative  Charisse  Millett,   said  that  this  bill  would                                                              
provide  health care  coverage  for dependents  and  spouses of  a                                                              
state employee  who has died  in the line  of duty.   The coverage                                                              
would  be  offered   under  PERS  [Public   Employees'  Retirement                                                              
System]  and  TRS  [Teachers' Retirement  System],  and  would  be                                                              
uniform to all public employees.                                                                                                
                                                                                                                                
3:46:23 PM                                                                                                                    
                                                                                                                                
BRANDY JOHNSON, spoke  on behalf of herself, her  three daughters,                                                              
and her late  husband, Scott Johnson,  as well as for  the spouses                                                              
of current and prior  Alaska State Troopers, in support  of HB 66.                                                              
She said she had  never lost anyone prior to her  husband's death,                                                              
but  when she  lost  her  husband she  lost  her best  friend  and                                                              
father  of their  three children.    Scott Johnson  was an  Alaska                                                              
State  Trooper (AST)  who was  shot  to death  on May  1, 2014  in                                                              
Tanana  by  Nathaniel  Kangas  while  in the  line  of  duty,  she                                                              
advised.   Five years ago  at his 18-year  mark with  PERS [Public                                                              
Employees'  Retirement System],  Scott traveled  to Juneau  as the                                                              
Northern   Vice-President   of   the   Public   Safety   Employees                                                              
Association (PSEA) to  lobby for House Bill 242,  which would have                                                              
provided  Tier II  benefits to  Alaska  State Troopers,  including                                                              
full medical benefits  at their 20-year mark.   Unfortunately, the                                                              
bill  failed  to  pass,  which  meant  Scott  needed  to  work  an                                                              
additional seven  years to obtain  benefits.  Since she  and Scott                                                              
had  three   daughters,  working   the  additional  time   was  an                                                              
important  consideration for  them.   At  the time  of his  death,                                                              
Scott Johnson  had worked 23 years  with the state, two  years shy                                                              
of qualifying  for full medical benefits.   When asked the  AST if                                                              
she  and her  children  had medical  benefits,  she was  initially                                                              
told she was  "set for life" by  one lieutenant, but that  was not                                                              
the  case.   She was  later  told that  the  health care  benefits                                                              
would only  be provided  until the  end of  May 2014.   Initially,                                                              
she was shocked,  disappointed, and angry to learn  of the limited                                                              
coverage.   She  had thought  that the  family's medical  coverage                                                              
would be  similar to their health  care coverage prior  to Scott's                                                              
murder.   She stated that  Scott always took his  responsibilities                                                              
to  protect Alaskans  very  seriously and  she  thought the  state                                                              
would  take care  of  his  family after  his  death,  and when  it                                                              
didn't she  felt like his  last few years  of his service  was all                                                              
for nothing.                                                                                                                    
                                                                                                                                
MS.  JOHNSON  said she  later  learned  that Trooper  Tage  Toll's                                                              
wife, Nikki  Toll, had  exactly one  day of  health insurance  for                                                              
herself and  their three sons  after her  husband was killed  in a                                                              
helicopter crash on March 30, 2013.                                                                                             
                                                                                                                                
MS. JOHNSON  said she  found it  frustrating that  the person  who                                                              
shot her  husband to  death and  his father,  who helped  move her                                                              
husband's dead  body, have medical  coverage available to  them at                                                              
no cost while they are incarcerated.                                                                                            
                                                                                                                                
MS. JOHNSON asked  for members' support for HB 66  since this bill                                                              
will help  take care of families  of peace officers killed  in the                                                              
line of duty.   Further, it  allows families to grieve  instead of                                                              
needing to address medical coverage.                                                                                            
                                                                                                                                
3:49:55 PM                                                                                                                    
                                                                                                                                
NIKKI TOLL,  spoke in support of  HB 66 on behalf of  herself, her                                                              
three sons,  her late husband, Tage  Toll, and families  of Alaska                                                              
State Troopers.   She stated that her husband,  Trooper Tage Toll,                                                              
was  killed  in  the  line of  duty  when  the  rescue  helicopter                                                              
crashed in  Talkeetna on March  30, 2013.   She said  that Trooper                                                              
Tage Toll  is an Alaskan  hero.   As a family,  she and  Tage were                                                              
well  aware  of  the  dangers  he  faced  when  he  was  on  duty.                                                              
However, she had  faith and confidence in his  abilities to handle                                                              
himself  and using  his  training  and skills  acquired  as a  law                                                              
enforcement officer  so nothing prepared  her when he died.   When                                                              
he  was killed  she lost  her  best friend,  the  father of  their                                                              
three children,  and the life she had  with him for 19  years.  At                                                              
the time  of his  death, Trooper  Tage Toll had  served as  an AST                                                              
for 10 years.   They chose Alaska as their home  and she continues                                                              
to  make her  home  in  Alaska since  this  state is  a  wonderful                                                              
place.   She said,  "Tage served  Alaska with loyalty,  integrity,                                                              
courage, compassion,  leadership, and accountability."   When Tage                                                              
was  killed, she  had one  day of  insurance  coverage before  her                                                              
insurance expired  at the end of  the month.  Tage's body  had not                                                              
even been  positively identified yet  when her family  was without                                                              
insurance.    Four months  later,  after  piles of  paperwork  and                                                              
corrections to  an inaccurate death  certificate, she  was finally                                                              
able  to obtain  health  insurance  benefits through  the  state's                                                              
Division  of Retirement  and Benefits,  by paying  100 percent  of                                                              
the cost herself, she said.                                                                                                     
                                                                                                                                
3:51:42 PM                                                                                                                    
                                                                                                                                
MS. TOLL  said the burden of  losing her husband was  heavy enough                                                              
without the  added stress.   Her  own health  has suffered  as the                                                              
result of that added  stress, she said, yet, the  man charged with                                                              
the murders of  two Alaska State Troopers, Scott  Johnson and Gabe                                                              
Rich,  has cost-free  medical coverage  during his  incarceration.                                                              
In  contrast, she  and Brandy  Johnson, Scott's  widow, have  been                                                              
expected to  carry the cost of  their health and  medical expenses                                                              
while  working  through  the  grief  of  rebuilding  their  lives.                                                              
Their husbands  dedicated their lives  to the pursuit  of justice,                                                              
but  the state's  medical  insurance  policies are  an  injustice.                                                              
She  said that  HB 66  is part  of  the solution  to correct  this                                                              
injustice  and this  bill  will remedy  an  oversight in  Alaska's                                                              
acknowledgement and  help to honor its heroes  by providing health                                                              
insurance for families  of those who have lost their  lives in the                                                              
line  of duty.    She acknowledged  the  losses  the Alaska  State                                                              
Troopers have had  with the deaths of Troopers  Johnson, Rich, and                                                              
Toll  and  state  pilot,  Mel  Nading.     With  budget  cuts  and                                                              
reductions  of services,  the men  and women in  the Alaska  State                                                              
Trooper community  need to  have the  encouragement and  knowledge                                                              
that their  families will  be cared  for if  the worst happens  to                                                              
them.  She asked members to support HB 66.                                                                                      
                                                                                                                                
3:53:44 PM                                                                                                                    
                                                                                                                                
JAMES COCKRELL,  Colonel; Director,  Alaska State Troopers  (AST),                                                              
Department  of  Public  Safety  (DPS),  thanked  members  and  the                                                              
sponsor.   He spoke in  support of HB 66,  on behalf of  the prior                                                              
administration,  Governor Parnell,  and  current Governor  Walker,                                                              
who gave  him permission to  speak out and  support the bill  as a                                                              
member of the Alaska  State Troopers and as a state  employee.  He                                                              
relayed  that he  was  in Fairbanks  shortly  after  May 1,  2014,                                                              
Tanana incident.                                                                                                                
                                                                                                                                
COLONEL COCKRELL  said that  as a 25-year  AST veteran,  he always                                                              
believed  that if  he was  killed  in the  line of  duty that  his                                                              
family would  be cared  for, in fact,  troopers routinely  discuss                                                              
these issues  with their spouses.   Many troopers,  including him,                                                              
were surprised to  learn that survivors of troopers  killed in the                                                              
line of duty were  not covered by health insurance.   He said that                                                              
health  care  is  an  important  benefit  and  many  troopers  are                                                              
following HB  66.   He offered his  belief that  the state  has an                                                              
obligation to  take care of surviving  family members, to  pay for                                                              
premiums.   Meanwhile,  the department  has continued  to pay  the                                                              
premiums for  the four members'  families until this  bill passes.                                                              
In closing, he offered the department's full support for HB 66.                                                                 
                                                                                                                                
3:56:10 PM                                                                                                                    
                                                                                                                                
ARRON DANIELSON,  President, Public  Safety Employees  Association                                                              
(PSEA), spoke  in support  of HB 66.   He said  the PSEA  has over                                                              
700 members and  this bill is important to surviving  families and                                                              
to  all law  enforcement families.   He  acknowledged that  police                                                              
officers understand  the risks they face; however,  one thing that                                                              
most do  not think  about health  benefits for  their families  if                                                              
they are  killed in the  line of duty.   In fact,  law enforcement                                                              
officers  simply  assume that  the  state, city,  or  organization                                                              
will take  care of the surviving  family members.   Unfortunately,                                                              
the policy  the state has  had for many years  does not do  so and                                                              
this  knowledge has  shocked and  disappointed  members and  their                                                              
families.   They worry  enough as  it is  about their spouses  and                                                              
now  they  believe  they  will  be   "left  out  to  dry"  if  the                                                              
unthinkable  happens.   He expressed  gratitude for  the past  and                                                              
current  administrations for  helping families  of tragic  events.                                                              
These administrations  have stepped up  to do the right  thing, he                                                              
said.   He stated  that the  PSEA is  fully in  support of  HB 66.                                                              
It's important  to PSEA's  current members  and surviving  members                                                              
that  these  changes occur  and  to  improve  the policy  to  help                                                              
ensure the wellbeing  of surviving families.  He  urged members to                                                              
support HB 66.                                                                                                                  
                                                                                                                                
3:59:02 PM                                                                                                                    
                                                                                                                                
MOLLY BRINK  stated she is  the wife of  a Juneau Police  officer.                                                              
Although HB  66 was not exclusively  for police officers  since it                                                              
affects PERS  and TRS  employees, law  enforcement would  probably                                                              
be the biggest  beneficiary, she said,  which is the least  we can                                                              
do as  a society for those  who put their  lives on the  lines for                                                              
the public  every day.   She  stated that  her husband has  worked                                                              
for  the state  or city  for 27  years.   She said  she hoped  she                                                              
would ultimately  be fine if something  happened to him,  in terms                                                              
of  medical  insurance;   however  law  enforcement   is  a  young                                                              
person's  job, many officers  have children,  with some  surviving                                                              
families having four  or five children.  These  families will have                                                              
to try to  get medical coverage or  else hope the state  will fund                                                              
it in the budget.  She urged members to support HB 66.                                                                          
                                                                                                                                
4:00:52 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON held public testimony open on HB 66.                                                                                
                                                                                                                                
[HB 66 was held over.]                                                                                                          
                                                                                                                                
4:01:25 PM                                                                                                                    
                                                                                                                                
The committee took an at-ease from 4:01 p.m. to 4:03 p.m.                                                                       
                                                                                                                                
           HB 12-MORTGAGE LENDING AND LOAN ORIGINATORS                                                                      
                                                                                                                                
4:03:38 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON  announced that  the next order  of business  would be                                                              
HOUSE  BILL  NO.  12,  "An  Act   relating  to  mortgage  lending,                                                              
mortgage  loan  originators,  depository  institutions,  nonprofit                                                              
organizations,   and   nonprofit   organization   employees;   and                                                              
providing for an effective date."                                                                                               
                                                                                                                                
4:04:14 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  TILTON  moved  to  adopt  the  proposed  committee                                                              
substitute  (CS)  for  HB  12,  Version  H,  labeled  29-LS0089\H,                                                              
Bannister, 4/10/15, as the working document.                                                                                    
                                                                                                                                
There being no objection, Version H was before the committee.                                                                   
                                                                                                                                
4:04:34 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  SHELLEY HUGHES, Alaska  State Legislature  offered                                                              
that HB 12 would  protect the public, update the  law, create more                                                              
level playing  field, and simplify  the process for  mortgage loan                                                              
originators  in  Alaska.  She  referred   to  the  flow  chart  in                                                              
members' packets  created by the  Division of Banking that  may be                                                              
helpful in  interpreting the  current process  as compared  to the                                                              
process  under  HB  12.   Under  current  statutes,  a  depository                                                              
institution  or a  bank and  each  of its  licensed mortgage  loan                                                              
originator  (MLOs)  employees  are  exempt  from  mortgage  lender                                                              
brokers'  licenses since  regulation of banks  fall under  federal                                                              
regulations.   However, if  the licensed  MLO does  not work  as a                                                              
direct employee  and instead  works as  a contractor, that  person                                                              
must not  only have a  license as MLO,  but also obtain  a license                                                              
as a  mortgage lender  broker.   She characterized  it as  being a                                                              
double-layer licensing policy.                                                                                                  
                                                                                                                                
4:07:02 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  HUGHES  offered   her  belief  that  HB  12  would                                                              
eliminate  an  unnecessary   layer  of  licensure.     Instead  of                                                              
requiring the  contractor MLO [mortgage  loan originator]  to also                                                              
be licensed  as a  lender/broker and  a mortgage loan  originator,                                                              
the person will  simply be licensed as an MLO.   In addition, this                                                              
bill  also  would  give  the  state   supervisory  and  regulatory                                                              
authority over  banks.  For example,  HB 12 would allow  the state                                                              
to require  banks to  submit reports  and audits.   Currently,  if                                                              
the  bank  was  supervising  contractor  MLOs, the  bank  will  be                                                              
solely  under federal  regulation, but  under the  bill, the  bank                                                              
will need  to register  with the state.   Essentially,  this means                                                              
the contractor  MLOs would no  longer be supervising  themselves -                                                              
since previously they  were the MLO and the broker.   Instead, the                                                              
bank  will have  responsibilities  for  some of  the  supervision.                                                              
These changes will  allow the state to go to one  point - the bank                                                              
- for information  rather than to contact each  of the independent                                                              
contractors throughout the state.                                                                                               
                                                                                                                                
4:08:53 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  HUGHES  directed  attention  to the  flowchart  in                                                              
members'  packets  entitled,  "Comparison  between  provisions  of                                                              
Federal SAFE  Act, the Alaska SAFE  Act, and Proposed HB  12 which                                                              
she briefly reviewed.                                                                                                           
                                                                                                                                
4:10:21 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  HUGHES said  that HB  12 would  exempt the  Alaska                                                              
Housing  Finance  Corporation  (AHFC) and  any  government  agency                                                              
from the state  Mortgage Lender Broker license  requirements.  The                                                              
governmental agencies  would be responsible  to ensure  their MLOs                                                              
meet the standards with respect to the Federal SAFE Act.                                                                        
                                                                                                                                
4:11:04 PM                                                                                                                    
                                                                                                                                
KIMBERLY  SWIANTEK,  Staff,  Representative   Shelley  Hughes,  on                                                              
behalf  of  the  prime  sponsor,   Representative  Shelly  Hughes,                                                              
reviewed  the  proposed  committee  substitute  (CS)  for  HB  12,                                                              
Version  H.    She  said  that  Section  1  outlines  the  license                                                              
requirements   for  mortgage  loan   originators  and   would  add                                                              
language  that  individuals  can  be  licensed  as  mortgage  loan                                                              
originators  if  they  work  under an  exclusive  contract  for  a                                                              
registered  depository institution  as stated on  page 1,  line 11                                                              
or are sponsored by a registered depository institution.                                                                        
                                                                                                                                
MS. SWIANTEK  directed  attention to  page 2,  line 5, Section  2,                                                              
which  outlines  the  requirements  for  a  registered  depository                                                              
institution to be  eligible to sponsor a mortgage  loan originator                                                              
by adding  a  registered depository  institution (RDI)  throughout                                                              
this chapter creates  same requirements for mortgage  licensees or                                                              
brokers.                                                                                                                        
                                                                                                                                
MS.  SWIANTEK, referring  to page  3,  line 8,  Section 3,  stated                                                              
that this  provision would exempt  government agencies.   In doing                                                              
so, the  state would recognize them  under the SAFE  Act effective                                                              
August 30,  2011.  She noted  that this was limited  to government                                                              
agencies.   By exempting  the bona  fide nonprofit  organizations,                                                              
the  State of  Alaska would  be in  compliance with  the SAFE  Act                                                              
effective 8-30-2011, she said.                                                                                                  
                                                                                                                                
4:13:45 PM                                                                                                                    
                                                                                                                                
MS.  SWIANTEK directed  attention to  page 3,  Section 4-7,  which                                                              
includes  registered   depository   institutions  (RDI)   and  the                                                              
bonding requirements, which are the same for mortgage licensees.                                                                
                                                                                                                                
MS.  SWIANTEK stated  that Section  4,  line 12,  would require  a                                                              
registered  depository  applicant   to  have  a  surety  bond  and                                                              
Section 5,  [page 3], line 19, ensures  that an RDI does  not have                                                              
file more  than one  bond if  they cover  more than one  location.                                                              
Instead of  having 15  contractors applying for  a bond,  only one                                                              
will be filed,  she said.  Section  6, [page 3], line  23 required                                                              
the bond  must last for  three years Section  7 [page 3],  line 27                                                              
gives the  department the  authority to determine  if the  bond is                                                              
unsatisfactory.                                                                                                                 
                                                                                                                                
MS. SWIANTEK  directed  attention to  Section 8,  page 3, line  31                                                              
through page  4, line 13, which  would amend the  annual reporting                                                              
requirements  by requiring registered  depository institutions  to                                                              
follow  the  same  reporting  requirements   as  a  mortgage  loan                                                              
originator licensee  and be subject  to the same penalties  if the                                                              
report is not filed as required.                                                                                                
                                                                                                                                
4:15:24 PM                                                                                                                    
                                                                                                                                
MS.  SWIANTEK stated  that  Section 9-13  on  pages 4-5,  includes                                                              
registered  depository institutions  in the existing  requirements                                                              
for  managing  mortgage  records.   She  briefly  reviewed  these,                                                              
noting Section 9  would apply to business transactions  that occur                                                              
entirely  or partially  in the state.   Section  10 would  require                                                              
accounting records  be kept in accordance with  generally accepted                                                              
accounting  principles.   Section 11 would  require the  retention                                                              
of  all  records  pertaining  to  the  loan  including  electronic                                                              
correspondence  be  kept  for  three  years.    Section  12  would                                                              
require that the  note and associated documents be  kept for three                                                              
years.                                                                                                                          
                                                                                                                                
MS. SWIANTEK  directed attention to  Section 13, page 5,  line 11,                                                              
which would  require a mortgage loan  servicing agent who  acts on                                                              
behalf of  the licensee  or an RDI  maintain adequate  records for                                                              
three years.   She clarified that a mortgage loan  servicing agent                                                              
could be an accountant, legal counsel, or a collection agent.                                                                   
                                                                                                                                
4:16:31 PM                                                                                                                    
                                                                                                                                
MS. SWIANTEK  directed attention to  Section 14, page 5,  line 29,                                                              
which would  requires out-of-state  records  maintained by  an RDI                                                              
be made available to the state.                                                                                                 
                                                                                                                                
MS. SWIANTEK  referred to  Section 15  on page  6, line  10, which                                                              
would   grant  the   department   investigation  and   examination                                                              
authority.   Section  16  indicates that  a  "person" and  "person                                                              
subject  to   this  chapter"   include  a  registered   depository                                                              
institution, she said.                                                                                                          
                                                                                                                                
MS. SWIANTEK  referred  to Section  17, page 6,  line 25,  through                                                              
page   7,  line   16  which   would  allow   the  department   the                                                              
authorization  to   censure,  suspend,   or  bar  a   licensee  or                                                              
depository  institution   in  the   same  manner  as   a  mortgage                                                              
licensee.                                                                                                                       
                                                                                                                                
4:17:27 PM                                                                                                                    
                                                                                                                                
MS. SWIANTEK  referred to Section  18, page 7, lines  18-24, which                                                              
would allow  the department  to hold  administrative hearings  and                                                              
issue disciplinary orders on RDIs.                                                                                              
                                                                                                                                
MS. SWIANTEK  referred to Section  19, page 7, lines  25-27, which                                                              
would  add  definition  of a  registered  depository  institution.                                                              
Finally, Sections  20-22 would allow  the Department  of Commerce,                                                              
Community &  Economic Development  (DCCED) the authority  to adopt                                                              
regulations by  January 1,  2016, which is  the effective  date of                                                              
the bill.                                                                                                                       
                                                                                                                                
4:18:17 PM                                                                                                                    
                                                                                                                                
GINGER  BLAISDELL, Staff,  Representative  Shelley Hughes,  Alaska                                                              
State  Legislature, on  behalf of  the  prime sponsor,  introduced                                                              
herself.   In response  to a  question, she  agreed that  in every                                                              
section in the statutes that pertains to mortgage was modified.                                                                 
                                                                                                                                
4:18:57 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  COLVER asked  whether the  bill was responding  to                                                              
mortgage fraud and national regulation.                                                                                         
                                                                                                                                
MS. BLAISDELL  answered that  the 2008  was a nationwide  mortgage                                                              
lending  debacle,  which was  part  of  reason  the SAFE  Act  was                                                              
updated  and  finalized  in  2011.   This  bill  was  directed  at                                                              
resolving  business plans  or models  to level  the playing  field                                                              
between   other  mortgage   lender  brokers   and  mortgage   loan                                                              
originators (MLOs).                                                                                                             
                                                                                                                                
4:20:00 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE COLVER  asked whether  this bill was  directed more                                                              
at non-traditional lenders, such as insurance companies.                                                                        
                                                                                                                                
MS. BLAISDELL  answered that  the "level  playing field"  was more                                                              
of  an administrative  leveler.   People  who  are conducting  the                                                              
same  types of  business  will have  the  same  type of  licensure                                                              
requirement placed on  them.  She said that if this  bill does not                                                              
pass, any banks  in Alaska with independent contractors  can still                                                              
conduct business  and issue mortgages.   This bill would  make the                                                              
education and  license requirements the  same as others  doing the                                                              
same kind of business.                                                                                                          
                                                                                                                                
4:21:12 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON opened public testimony on HB 12.                                                                                   
                                                                                                                                
4:21:28 PM                                                                                                                    
                                                                                                                                
KRISTIE BABCOCK,  Agent,  State Farm Insurance,  spoke in  support                                                              
of HB 12,  stating she works  as independent contractor  for State                                                              
Farm  Insurance  in Kenai.    She  has  been  an agent  and  small                                                              
business  owner in  Kenai  for the  past 15  years  and has  eight                                                              
employees.   She markets insurance  and bank products  exclusively                                                              
on behalf of State Farm Insurance and State Farm Bank, she said.                                                                
                                                                                                                                
MS. BABCOCK stated  that as an originator she  handles the initial                                                              
application.   Banks  and their  employees are  exempt from  state                                                              
licensing since  they are federally regulated; however,  since she                                                              
serves as  an independent  contractor, she must  be licensed  as a                                                              
mortgage   loan  originator   and   broker.   The  mortgage   loan                                                              
originator  (MLO)  license  requires rigorous  state  and  federal                                                              
testing, background  check, fingerprinting, continuing  education,                                                              
and license renewal.   In fact, she has undergone  this process to                                                              
better serve  her customers and  provide more lending  options for                                                              
Alaska homeowners,  many of whom  have been longstanding  clients.                                                              
Although she does  not contest the MLO licensing  requirements nor                                                              
does  this  pertain to  MLO  licensing  requirements, HB  12  will                                                              
address an additional  license she currently must  possess.  Under                                                              
Alaska  law an MLO  must sponsored  and supervised  by a  mortgage                                                              
broker and  even though  banks are exempt  from having  a mortgage                                                              
broker license,  she must  be licensed  as mortgage broker,  which                                                              
means that  she must  sponsor and supervise  herself.   This makes                                                              
no sense, she said,  since she must supervise self,  plus she does                                                              
not  broker  any  loans.    This  requirement  causes  unnecessary                                                              
expense, was time  consuming, she said, estimating  that the extra                                                              
cost at $2,000 per  year for the broker license.   In addition, it                                                              
takes considerable  time  to file the  required quarterly,  annual                                                              
reporting,   filing,   as   well  as   meeting   other   reporting                                                              
requirements.                                                                                                                   
                                                                                                                                
MS. BABCOCK  described the bill as  a "win-win" solution  since it                                                              
will  remove  unnecessary  costs  and  burdens  for  MLOs  without                                                              
reducing  any  protections  associated  with  broker  supervision.                                                              
She stated  that HB  12 would  allow the  sponsoring bank,  in her                                                              
case State  Farm Bank, to step in  and register with the  state as                                                              
her   supervisor,   thereby   assuming    all   the   liabilities,                                                              
responsibilities,  and oversight  as if the  bank was her  broker.                                                              
She offered  that this makes more  sense since the bank  serves as                                                              
the  leader and  her  business is  the originator.    In fact,  it                                                              
provides  more oversight  than  if she  supervised  herself.   She                                                              
reported  that   26  other  states  have   licensing  requirements                                                              
similar to  the provisions in HB  12.  In closing,  she emphasized                                                              
that this bill would  not result in any less regulation  for MLOs.                                                              
Although a  similar bill  was before the  legislature in  2014, it                                                              
did not pass.  She asked members to pass out HB 12 today.                                                                       
                                                                                                                                
4:26:39 PM                                                                                                                    
                                                                                                                                
ROGER BAINBRIDGE,  Counsel,  State Farm Bank,  said he  represents                                                              
State  Farm  Bank as  their  in-house  counsel.   He  offered  his                                                              
belief  that Ms. Babcock  did a  fantastic job  of explaining  the                                                              
issues.   He  offered that  the Safe  Act did  not contemplate  an                                                              
independent contractor  working on behalf of an  exempt depository                                                              
institution.    He  echoed  that  26  other  states  have  adopted                                                              
legislation   or   otherwise   provided  State   Farm   Bank   the                                                              
opportunity to register  an exempt company solely  for the purpose                                                              
of  sponsoring its  MLO state  licensed  agents.   He pointed  out                                                              
that State  Farm Bank was already  regulated by the Office  of the                                                              
Comptroller   of  the   Currency   and  the   Consumer   Financial                                                              
Protection  Bureau.  He  suggested that  bringing in the  Division                                                              
of Banking  for loans originated  by the MLO license  agents gives                                                              
the sense  of dual  and layered supervision  and examination  that                                                              
these loans  originated by MLO licensed  agents will receive.   He                                                              
asked members to support HB 12.                                                                                                 
                                                                                                                                
4:28:33 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON asked  whether the 26 states previously  mentioned had                                                              
adopted model legislation to address this issue.                                                                                
                                                                                                                                
MR. BAINBRIDGE  answered no.   He  said that  State Farm  has been                                                              
working on  these issues  with other states  and will  continue to                                                              
do so with the remaining states on similar licensing issues.                                                                    
                                                                                                                                
4:28:58 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON asked  whether the legislation that was  passed in the                                                              
other 26 states  was the same or if State Farm  Bank has "tweaked"                                                              
the solution.                                                                                                                   
                                                                                                                                
MR. BAINBRIDGE  answered that the  remedy has varied based  on the                                                              
concerns of  the banking  department in  individual states.   Some                                                              
states  wanted  their   statutes  to  be  very   specific  to  the                                                              
particular business  model and other  states preferred  to address                                                              
the issue  more broadly  so that it  doesn't limit the  provisions                                                              
to one  insurance company.   He characterized the  Alaska proposal                                                              
as  one  that takes  a  broad  and  less specific  approach.    He                                                              
suggested  that the  specific remedy  really depends  on what  the                                                              
banking division or  department will support.  He  said that State                                                              
Farm Bank has  worked closely with the Alaska  Division of Banking                                                              
for  the  past several  years,  noting  that  approximately  16-17                                                              
State  Farm licensed  agents work  in  Alaska and  they have  held                                                              
several  examinations   of  those  offices.    He   described  his                                                              
relationship  with  the  Division  of  Banking  as  being  a  good                                                              
working relationship,  that the  division understands  the state's                                                              
business  model,  including  how agents  function,  their  limited                                                              
origination  activities, and how  that transfers  to the  bank and                                                              
its employees, who  are federally registered to  process and close                                                              
loans.                                                                                                                          
                                                                                                                                
4:30:41 PM                                                                                                                    
                                                                                                                                
JOHN CARMAN,  President, Home  State Mortgage, Chair;  Legislative                                                              
Affairs  Committee, Alaska  Mortgage  Bankers Association,  stated                                                              
he has held many  conversations with the sponsor  and was grateful                                                              
for the communication.   This bill was first introduced  last year                                                              
and he  indicated was not  totally in favor  of this bill  nor was                                                              
he in agreement  with the characterization  thus far.   He related                                                              
his  understanding that  other testifiers  characterized the  bill                                                              
as  creating a  level-playing  field;  however, he  suggested  the                                                              
bill as  creating a "remodeled"  playing field to  accommodate the                                                              
State  Farm Bank  model.  He  said that  the State  Farm Bank  has                                                              
"non-employees"  that they are  sponsoring.   He agreed  that when                                                              
First National  Bank  has an employee  of the  bank that  separate                                                              
registration requirements  do not apply,  but the State  Farm Bank                                                              
model   uses   independent  contractors   working   primarily   as                                                              
insurance agents  who originate a  loan.  However, he  offered his                                                              
belief that these  independent contractors simply  refer the loans                                                              
to State  Farm Bank for origination.   He acknowledged  that under                                                              
this  bank  model   the  bank  is  very  limited   and  only  does                                                              
conventional  loans with a  fixed rate  with some adjustable  rate                                                              
mortgages  and for  example, they  do  not process  all the  other                                                              
loans,  such  as  FHA [Federal  Housing  Administration],  VA  [US                                                              
Department  of  Veterans'  Affairs,   or  [AHFC],  Alaska  Housing                                                              
Finance Corporation loans.   He said it does concern  him that him                                                              
if the  agents don't do  those loans or  have them available  that                                                              
they may  not be  giving their  clients the  best advice  in every                                                              
situation.                                                                                                                      
                                                                                                                                
4:33:15 PM                                                                                                                    
                                                                                                                                
MR.  CARMAN admitted  that  under the  current  model [State  Farm                                                              
Bank]  forms  a  brokerage  and  employ  themselves  as  the  only                                                              
employee of  the brokerage.   He said he  has talked to  Ms. Kevin                                                              
Anselm  [Operations Manager,  Division  of  Banking &  Securities,                                                              
Department  of  Commerce, Community,  and  Economic  Development],                                                              
who  agreed that  it would  make  the division's  job to  regulate                                                              
these  companies easier  by changing  to this  model; however,  he                                                              
still has a hard  time fully supporting the model.   He guessed it                                                              
was an improvement over the existing situation.                                                                                 
                                                                                                                                
4:33:59 PM                                                                                                                    
                                                                                                                                
MICHAEL  MARTIN,   Executive  Vice  President,   General  Counsel,                                                              
Northrim  Bank,  stated he  has  an  affiliation with  the  Alaska                                                              
Bankers   Association.     He  noted  that   the  Alaska   Bankers                                                              
Association sent  a letter dated  April 10, 2015 in  opposition to                                                              
HB 12.  He has  reviewed the recent version [Version  H] of HB 12.                                                              
He  very much  appreciated  the  division's exhibits,  which  were                                                              
very helpful.   He  noticed the original  version would  eliminate                                                              
the  proposed nonprofit  entities from  the licensing  requirement                                                              
for mortgage loan  originators.  He said it was  one of provisions                                                              
the Alaska Bankers  Association opposed.  He appreciated  that the                                                              
language has been removed.                                                                                                      
                                                                                                                                
4:35:26 PM                                                                                                                    
                                                                                                                                
MR.  MARTIN   directed  attention  to  background   materials  [in                                                              
members'  packets],   which  better  illustrated   the  regulatory                                                              
environment if  HB 12 were  to pass.   He admitted that  he hasn't                                                              
fully  digested the  proposed committee  substitute.   The  Alaska                                                              
Bankers  Association will  convene on  Friday, he  said, and  will                                                              
review the bill.   He expressed concern with the  original version                                                              
was the  exemption for  nonprofits.   In addition,  the [ABA]  was                                                              
concerned notion of  level playing field was difficult  to define.                                                              
He expressed  concern that  some of the  MLOs would be  unlicensed                                                              
and   unregulated;  however,   these  materials   helped  him   to                                                              
understand.    This  has  been  characterized   as  making  things                                                              
simpler, but there  is nothing about this statute  or the proposed                                                              
changes in  HB 12  that he considered  simple.   In fact,  it will                                                              
take some time to wade through all of it.                                                                                       
                                                                                                                                
4:37:07 PM                                                                                                                    
                                                                                                                                
KEVIN   ANSELM,  Director,   Division   Banking  and   Securities,                                                              
Department   of  Commerce,   Community   &  Economic   Development                                                              
(DCCED),   in  response   to  Chair  Olson,   answered  that   the                                                              
department was neutral on HB 12.                                                                                                
                                                                                                                                
4:37:51 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  HUGHES thanked  for work  she did  to provide  the                                                              
graphic.    She  directed  attention   to  the  fiscal  note  that                                                              
mentioned  bona  fide nonprofit  provision  which  was removed  in                                                              
Version H.  She asked whether that was an oversight.                                                                            
                                                                                                                                
MS. ANSELM  agreed that the original  fiscal note was  prepared in                                                              
January and  the fiscal  note has not  been updated;  however, the                                                              
division does not believe there will be any fiscal impact.                                                                      
                                                                                                                                
4:39:06 PM                                                                                                                    
                                                                                                                                
MIKE  WILKINSON,  Agency  Field   Leader,  State  Farm  Insurance,                                                              
thanked members  for holding this  hearing.  He  expressed support                                                              
for  HB  12  since  it  allows  shifting   of  responsibility  and                                                              
oversight  required   of  licensed   mortgage  brokers   over  its                                                              
independent    contractor   mortgage    loan   originators    from                                                              
individuals  agents to  State Farm  Bank.  He  offered his  belief                                                              
that  the public  will be  better served  if State  Farm Bank  was                                                              
allowed  to   legally  assume   the  assurances,  oversight,   and                                                              
reporting requirements for mortgage broker licensing.                                                                           
                                                                                                                                
4:40:48 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON,  after first  determining no  one wished to  testify,                                                              
closed public testimony on HB 12.                                                                                               
                                                                                                                                
[HB 12 was held over.]                                                                                                          
                                                                                                                                
4:41:42 PM                                                                                                                    
                                                                                                                                
The committee took an at-ease from 4:41 p.m. to 4:43 p.m.                                                                       
                                                                                                                                
           HB 122-CORPORATION/LLC/PARTNERSHIP REPORTS                                                                       
                                                                                                                                
4:43:11 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON  announced that the final  order of business  would be                                                              
HOUSE BILL  NO. 122,  "An Act  relating to  the required  reports,                                                              
required  fees,  and other  aspects  of  for-profit  corporations,                                                              
cooperative  corporations,  nonprofit  corporations,  corporations                                                              
formed under  AS 10.40, limited  liability companies,  and limited                                                              
liability partnerships; and providing for an effective date."                                                                   
                                                                                                                                
4:43:48 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  COLVER,  speaking  as  prime sponsor  of  HB  122,                                                              
stated that  this bill hopes  to cut "red  tape" by  reducing cost                                                              
and time  for businesses and the  state by reducing  the corporate                                                              
filing reports  from two years to  four years.  Currently,  if the                                                              
corporation does not  renew its certificate of  authority, it will                                                              
automatically lapse  and dissolve.  There would not  be any fiscal                                                              
change except to change the regulations.                                                                                        
                                                                                                                                
4:45:59 PM                                                                                                                    
                                                                                                                                
DAVID SCOTT,  Staff, Representative Jim  Colver, on behalf  of the                                                              
prime  sponsor,  Representative Jim  Colver,  stated  that HB  122                                                              
would amend  two chapters,  AS 10, related  to corporation  and AS                                                              
32, the Uniform  Partnership Act.   He related that the  intent of                                                              
the bill  would be to change  the reporting requirements  from two                                                              
years  to  four  years  for  cooperative  corporations,  nonprofit                                                              
corporations, religious  corporations, LLCs and  limited liability                                                              
partnerships,  businesses  and  professional   corporations.    He                                                              
added  that the  changes are  limited to  the length  of time  for                                                              
reporting from  a biennial  report to a  status report  every four                                                              
years.                                                                                                                          
                                                                                                                                
4:47:06 PM                                                                                                                    
                                                                                                                                
MR. SCOTT briefly  reviewed the bill.  He stated  that Sections 1-                                                              
18 relate to  the Alaska Corporations Code, Sections  19-25 relate                                                              
to  the Cooperative  Corporations  Act, Sections  26-36 relate  to                                                              
the Alaska  Nonprofit Corporations  Act, Sections 37-38  relate to                                                              
religious corporations,  Sections 39-45  relate to LLCs,  Sections                                                              
46-49 relate to  the Uniform Partnership Act, Section  50 provides                                                              
transition   provisions,   Section   51  relates   to   regulation                                                              
authority, and Sections 52-53 provide effective dates.                                                                          
                                                                                                                                
MR.  SCOTT directed  attention to  Section 6,  which would  change                                                              
the  reporting requirement  from  every two  years  to every  four                                                              
years.  Section  12 would change the amount the  filing fee, which                                                              
has a net effect of not changing the overall fees.                                                                              
                                                                                                                                
4:48:20 PM                                                                                                                    
                                                                                                                                
MR.  SCOTT  referred  to  Sections  18, 25,  36,  and  49  provide                                                              
definitions  and Section  50, provides  the transition  provisions                                                              
and  conversion  from a  two-year  reporting requirement  to  four                                                              
years.                                                                                                                          
                                                                                                                                
4:48:40 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  JOSEPHSON  asked whether  there  was anything  the                                                              
department might  discern in a two  year renewal cycle  as opposed                                                              
to the four year window.                                                                                                        
                                                                                                                                
REPRESENTATIVE LEDOUX  changed to  status report since  people may                                                              
not know what quatra-annual report.                                                                                             
                                                                                                                                
MR. SCOTT answered that the bill drafter made the decision.                                                                     
                                                                                                                                
4:49:46 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  HUGHES expressed  concern  about  cost of  $72,000                                                              
listed in  the fiscal note for  operating expenditures and  a loss                                                              
of $3.1 million  for fiscal year (FY)  16, and in FY  17 of 2,617.                                                              
She asked for further clarification on the fiscal note.                                                                         
                                                                                                                                
REPRESENTATIVE COLVER deferred to the department to respond.                                                                    
                                                                                                                                
4:51:13 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  HUGHES  asked  for further  clarification  on  the                                                              
cycle.                                                                                                                          
                                                                                                                                
REPRESENTATIVE   COLVER   suggested   that   it  would   be   more                                                              
appropriate for department to answer the mechanics.                                                                             
                                                                                                                                
4:52:33 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  JOSEPHSON  asked   for  the  type  of  things  the                                                              
department  reviews  when  it  inspects   the  biennial  corporate                                                              
reports  and  what  might  go missing  if  the  reports  were  not                                                              
reviewed every two years.                                                                                                       
                                                                                                                                
SARA  CHAMBERS,  Operations  Manager,  Division  of  Corporations,                                                              
Business,  and  Professional Licensing,  Department  of  Commerce,                                                              
Community,   &   Economic  Development   (DCCED),   answered   the                                                              
department  collects basic  information.   The  division was  most                                                              
interested   in  the  officers   of  the   corporation,  and   the                                                              
registered  agent.   She  stated  that  the division  becomes  the                                                              
repository  for this  information  and many  entities and  private                                                              
citizens who use the information.                                                                                               
                                                                                                                                
4:53:34 PM                                                                                                                    
                                                                                                                                
CHAIR  OLSON   asked  whether  any   information  might   be  time                                                              
sensitive and any impact of waiting four years for the data.                                                                    
                                                                                                                                
MS. CHAMBERS  reported that if HB  122 were to pass,  Alaska would                                                              
be the only state  not collecting the information on  an annual or                                                              
biennial basis.   She  acknowledged that  the information  on file                                                              
might be  less accurate  if it  was only  required to be  reported                                                              
every four  years.   She said  the department  was neutral  on the                                                              
bill.                                                                                                                           
                                                                                                                                
REPRESENTATIVE  LEDOUX asked  how the mechanism  would work  under                                                              
the  bill if  the registered  agent  changed.   She asked  whether                                                              
anyone else shared the concern.                                                                                                 
                                                                                                                                
MS. CHAMBERS shared Representative LeDoux's concern.                                                                            
                                                                                                                                
4:55:35 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  HUGHES   asked  whether  any  other   states  have                                                              
something similar.                                                                                                              
                                                                                                                                
MS.  CHAMBERS  answered  the  program   coordinator  showed  other                                                              
states have an annual or biennial license renewal.                                                                              
                                                                                                                                
4:56:03 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  COLVER asked  whether  any states  do not  require                                                              
reporting by corporations.                                                                                                      
                                                                                                                                
MS. CHAMBERS said  she was not aware of any  jurisdictions without                                                              
reporting requirements.                                                                                                         
                                                                                                                                
REPRESENTATIVE COLVER  offered that he has done  some research and                                                              
will distribute the results.                                                                                                    
                                                                                                                                
4:56:48 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE COLVER  asked for any consequences  to corporations                                                              
for not filing the biennial registration form.                                                                                  
                                                                                                                                
MS.  CHAMBERS answered  that  the  department sends  out  courtesy                                                              
notices to  corporations if  the department  does not receive  the                                                              
form  timely  and  if  the  corporation   fails  to  respond,  the                                                              
corporation is involuntarily dissolved.                                                                                         
                                                                                                                                
4:57:23 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  COLVER  expressed  concern  that  the  corporation                                                              
would be  dissolved for failure to  return the biennial  form that                                                              
restates corporate  officers and registered agents -  which can be                                                              
changed  at any  time.   He stated  that corporations  pay a  $100                                                              
filing  fee for  their  corporate license,  but  the entity  still                                                              
needs a business  license, and any professional licenses.   He was                                                              
unsure   if  it   was  in   the  state's   interest  to   dissolve                                                              
corporations,  which  supports  his  desire  to  extend  corporate                                                              
licenses for four years.                                                                                                        
                                                                                                                                
4:58:15 PM                                                                                                                    
                                                                                                                                
MS. CHAMBERS,  in response to  Representative Hughes,  stated that                                                              
the division  initiated the  courtesy notice a  few years  ago and                                                              
found many  corporations appreciated  the reminder.   The division                                                              
has seen  the numbers of  involuntary corporate dissolutions  drop                                                              
dramatically.    She  said  the division  will  continue  to  send                                                              
courtesy reminders.   As a side  benefit, any net  effect; surplus                                                              
for  corporate fining  fees is  deposited into  the general  fund,                                                              
which has been between  $5 to 6 million.  She  stated that part of                                                              
$72,000 in  the fiscal  note was  to cover informational  courtesy                                                              
mailings.   In  further  response  to Representative  Hughes,  she                                                              
explained that the  courtesy reminders were sent out  prior to the                                                              
involuntary   dissolution;  however   she  hoped  everyone   would                                                              
remember to file their biennial reports.                                                                                        
                                                                                                                                
5:00:23 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE   HUGHES   asked   how   many   corporations   were                                                              
involuntarily dissolved last year.                                                                                              
                                                                                                                                
MS.  CHAMBERS  said she  was  uncertain,  but could  compile  that                                                              
information.                                                                                                                    
                                                                                                                                
5:00:49 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  HUGHES asked  if corporations  that are  dissolved                                                              
re-form their corporation.                                                                                                      
                                                                                                                                
MS.  CHAMBERS answered  yes; but  explained corporations  dissolve                                                              
for a  variety of reasons,  and some corporations  come back  as a                                                              
different iteration.   Others simply acknowledged that  they had a                                                              
glitch   and  failed   to   renew.     In   further  response   to                                                              
Representative  Hughes, she  explained that  the initially  filing                                                              
costs about $200 and the biennial report cycle would follow.                                                                    
                                                                                                                                
5:02:05 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE   LEDOUX,  with   regard   to  registered   agents,                                                              
referred to  page 1, lines  12-14, indicates that  the corporation                                                              
was  dissolved if  within  30 days  it has  failed  to notify  the                                                              
commissioner of any  changes to the registered agent.   Thus, that                                                              
would  not really  be a  consideration  with the  four year  cycle                                                              
versus the two year cycle.                                                                                                      
                                                                                                                                
MS.  CHAMBERS  answered  that  the  division  could  involuntarily                                                              
dissolve a  corporation if the division  was aware of  any changes                                                              
in registered agents.                                                                                                           
                                                                                                                                
5:03:01 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  LEDOUX  said the  only  information  filed in  the                                                              
biennial  report was  registered  agent and  the  officers of  the                                                              
corporation.                                                                                                                    
                                                                                                                                
MS.  CHAMBERS   answered  that  some  additional   information  is                                                              
collected, such as shares of corporate ownership.                                                                               
                                                                                                                                
5:03:41 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  LEDOUX  wondered  if it  makes  sense to  have  no                                                              
filing required,  unless the corporation  changes its  officers or                                                              
registered agents.                                                                                                              
                                                                                                                                
REPRESENTATIVE   COLVER   agreed  with   Representative   LeDoux's                                                              
approach.                                                                                                                       
                                                                                                                                
5:04:17 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON asked  if the division could generate a  list of other                                                              
jurisdictions in  terms of annual  and biennial corporate  filings                                                              
to ensure Alaska treats corporations similarly.                                                                                 
                                                                                                                                
5:04:53 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE COLVER  said the biennial report  asks corporations                                                              
to  list  their  corporate officers,  the  number  of  outstanding                                                              
shares and  the shareholder  interest of  the corporate  officers,                                                              
or  in other  words, the  number of  share issued,  the number  of                                                              
outstanding  shares, and the  number of  shares held by  corporate                                                              
officers.                                                                                                                       
                                                                                                                                
REPRESENTATIVE   COLVER  offered   his  belief  that   involuntary                                                              
dissolution  of a  company because  of  failure to  fill out  this                                                              
short  form  seemed  like  a harsh  penalty.    He  suggested  one                                                              
alternative to changing  the cycle was to offer  forgiveness since                                                              
it is expensive  to reinstate a corporation, which  often requires                                                              
legal assistance.                                                                                                               
                                                                                                                                
5:06:02 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  JOSEPHSON  asked   whether  the  impetus  was  the                                                              
frustration over the threat of dissolution.                                                                                     
                                                                                                                                
REPRESENTATIVE  COLVER answered  that it  was he  has a  bit of  a                                                              
"Libertarian" streak  in him.   He wasn't certain  that government                                                              
should tell  its citizens to do  something.  He asked  whether the                                                              
state  could  get  by with  different  reporting  period  was  one                                                              
question  and  achieve  the  same  results.    He  suggested  that                                                              
corporations  may   receive  the  card   in  the  mail,   but  the                                                              
corporation must track when the biennial report is due.                                                                         
                                                                                                                                
5:08:01 PM                                                                                                                    
                                                                                                                                
[HB 122 was held over.]                                                                                                         
                                                                                                                                
ADJOURNMENT                                                                                                                   
                                                                                                                                
There being  no further business  before the committee,  the House                                                              
Labor and  Commerce Standing  Committee meeting  was adjourned  at                                                              
5:08 p.m.                                                                                                                       

Document Name Date/Time Subjects
HB169 ver A.PDF HL&C 4/13/2015 3:15:00 PM
HB 169
HB169 Sponsor Statement.pdf HL&C 4/13/2015 3:15:00 PM
HB 169
HB169 Fiscal Note-DCCED-RCA-04-13-15.pdf HL&C 4/13/2015 3:15:00 PM
HB 169
HB12 ver A.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Sponsor Statement.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Section Analysis.pdf HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-Flow Chart and Explanation 4-10-2015 (2).pdf HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-Letter Allie Hewitt-3-25-15.PDF HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-Letter Curtis Green-3-24-15.PDF HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-Letter Doug McCann-3-26-15.PDF HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-Letter Justin Goodman-3-26-2015.pdf HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-Letter Kris Yoder-3-26-15.PDF HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-Letter Kristie Babcock-3-25-2015.pdf HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-Letter Nancy Field-3-24-15.PDF HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-Letter Randy Rhodes-3-26-2015.pdf HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-Letter Rueben Willis-3-26-15.PDF HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-Letter Shannon Fortune-3-24-15.pdf HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-Letter State Farm Agents 3-9-2015.pdf HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-Letter Troy Sayer 3-26-2015.pdf HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-Letters Tyler Randolph 3-26-2015.pdf HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-Letter-Todd Jackson-3-26-15.PDF HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-SAFE Act.pdf HL&C 4/13/2015 3:15:00 PM
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HB12 Supporting Documents-State Farm Corporation-Vote YES.pdf HL&C 4/13/2015 3:15:00 PM
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HB12 Opposing Documents-Email John Carman-3-31-15.pdf HL&C 4/13/2015 3:15:00 PM
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HB12 Opposing Documents-Letter AK Bankers Assoc-Joe Schierhorn-4-10-15.pdf HL&C 4/13/2015 3:15:00 PM
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HB12 Opposing Documents-Letter Alaska Bankers Assoc-Steve Lundgren 4-10-15.PDF HL&C 4/13/2015 3:15:00 PM
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HB12 Draft Proposed Blank CS ver H.pdf HL&C 4/13/2015 3:15:00 PM
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HB12 Sponsor Statement ver H.pdf HL&C 4/13/2015 3:15:00 PM
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HB12 Section Analysis ver H.pdf HL&C 4/13/2015 3:15:00 PM
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HB122 ver A.pdf HL&C 4/13/2015 3:15:00 PM
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HB122 Sponsor Statement.pdf HL&C 4/13/2015 3:15:00 PM
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HB122 Sectional Analysis.pdf HL&C 4/13/2015 3:15:00 PM
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HB122 Fiscal Note-DCCED-CBPL-03-27-15.pdf HL&C 4/13/2015 3:15:00 PM
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HB122 Supporting Documents-Letter NFIB 3-06-15.pdf HL&C 4/13/2015 3:15:00 PM
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HB12 Fiscal Note-DCCED-DBS-04-11-15.pdf HL&C 4/13/2015 3:15:00 PM
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