Legislature(1997 - 1998)
01/26/1998 09:02 AM Senate FIN
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* first hearing in first committee of referral
+ teleconferenced
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+ teleconferenced
= bill was previously heard/scheduled
MINUTES
SENATE FINANCE COMMITTEE
26 January 1998
9:02 A.M.
TAPES
SFC-98, #7, Sides 1 and 2
CALL TO ORDER
Senator Bert Sharp, Co-chair, convened the meeting at
approximately 9:02 a.m.
PRESENT
In addition to Co-chairman Sharp, Senators Pearce, Phillips,
Torgerson and Adams were present. Senators Donley and
Parnell were not present.
Also Attending: Senator Jerry Ward; Craig Johnson, staff to
Senator Ward; Theodore Chandler, Vice-President Housing
Impact for Fannie Mae; Danielle Loper, Division of
Personnel Labor Relations, Department of Administration;
Pamela LaBolle, President, Alaska State Chamber of Commerce;
Peter A. Bushre, Chief Financial Officer, Alaska Permanent
Fund Corporation, Department of Revenue; Jim Kelly, Research
and Liaison Officer, Alaska Permanent Fund Corporation,
Department of Revenue; Ginger Patton, Fiscal Analyst,
Division of Legislative Finance; aides to committee members
and other legislative members.
via Teleconference: Stephen Routh, Esq., from Anchorage.
SUMMARY INFORMATION
CS FOR HOUSE BILL NO. 265(STA) am
An Act relating to pamphlets, publications, plans, and
records of state agencies; and relating to reports to
and from state agencies and the governor.
Representative Terry Martin was invited to join the
committee and he reviewed his sponsor statement. Co-chair
Sharp REPORTED OUT CSHB 265(STA)am without objection from
the committee and zero fiscal notes from the Department of
Commerce and Economic Development and the Department of
Environmental Conservation.
SENATE BILL NO. 221
An Act relating to negatively amortizing loans
originated under a program approved or sponsored
by the state or federal government.
Theodore Chandler, Vice-President Housing Impact for Fannie
Mae was invited to join the committee and explained SB 221.
Mr. Stephen Routh, Esq., Anchorage Attorney also testified
via teleconference. Senator Phillips moved amendments #1
and #2 and without objection both were adopted. Senator
Sharp moved CSSB 221(FIN) with zero fiscal notes and
individual recommendations and without objection it was
reported out; zero fiscal note from the Department of
Commerce and Economic Development.
SENATE BILL NO. 209
An Act relating to the Task Force on Privatization; and
providing for an effective date.
Senator Jerry Ward was invited to join the committee and he
reviewed his sponsor statement. Danielle Loper, Division of
Personnel Labor Relations, Department of Administration
testified on behalf of the bill. Pamela LaBolle, President,
Alaska State Chamber of Commerce also testified before the
committee on behalf of the bill. Senator Pearce moved SB
220 with individual recommendations and without objection it
was REPORTED OUT with individual recommendations and $25.3
fiscal note from Legislative Affairs Agency and ** fiscal
note from Office of Management and Budget.
SENATE BILL NO. 220
An Act making a supplemental appropriation to the
Alaska Permanent Fund Corporation; and providing for an
effective date.
Jim Kelly and Peter Bushre from the Alaska Permanent Fund
Corporation were invited to join the committee and testified
on behalf of the bill. Senator Torgerson moved amendment
amount of $4,494,000 under general funds and also line 4 of
page one ; without objection it was adopted. Senator Adams
moved CSSB 220(FIN) and without objection it was REPORTED
OUT.
ADJOURNMENT
Co-chair Pearce recessed the meeting at 10:15 a.m. noting
time of 8:00 a.m. for tomorrow's meeting.
SFC-98 1 1/26/98
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