Legislature(2009 - 2010)SENATE FINANCE 532

04/16/2009 09:00 AM FINANCE


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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+= SB 10 MEDICAID/INS FOR CANCER CLINICAL TRIALS TELECONFERENCED
Moved CSSB 10(HSS) Out of Committee
+= HB 134 CRUISE SHIP WASTEWATER DISCHARGE PERMITS TELECONFERENCED
Moved SCS CSHB 134(FIN) Out of Committee
+= HB 26 MEDICAID FOR ADULT DENTAL SERVICES TELECONFERENCED
Moved HB 26 Out of Committee
+ HB 121 MUNICIPAL AIR QUALITY PROPERTY TAX CREDIT TELECONFERENCED
Heard & Held
+= HB 221 MORTGAGE LENDING REGULATION TELECONFERENCED
Heard & Held
+= HB 109 EDUC. LOANS: SUPPLEMENTAL & FAMILY TELECONFERENCED
Moved HB 109 Out of Committee
+= HB 172 STATE INVESTMENT IN EDUCATION FUND TELECONFERENCED
Moved SCS CSHB 172(FIN) Out of Committee
+ Bills Previously Heard/Scheduled TELECONFERENCED
                  SENATE FINANCE COMMITTEE                                                                                      
                       April 16, 2009                                                                                           
                         9:40 a.m.                                                                                              
                                                                                                                                
9:40:39 AM                                                                                                                    
                                                                                                                                
                                                                                                                                
CALL TO ORDER                                                                                                                 
                                                                                                                                
Co-Chair Stedman called the Senate  Finance Committee meeting                                                                   
to order at 9:40 a.m.                                                                                                           
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Senator Lyman Hoffman, Co-Chair                                                                                                 
Senator Bert Stedman, Co-Chair                                                                                                  
Senator Charlie Huggins, Vice-Chair                                                                                             
Senator Johnny Ellis                                                                                                            
Senator Donny Olson                                                                                                             
Senator Joe Thomas                                                                                                              
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
None.                                                                                                                           
                                                                                                                                
ALSO PRESENT                                                                                                                  
                                                                                                                                
John Bitney,  Staff, Representative John Harris;  Juli Lucky,                                                                   
Staff, Representative  Mike Hawker;  Darwin Peterson,  Staff,                                                                   
Senator Bert  Stedman; Karen  Lidster, Staff,  Representative                                                                   
John  Coghill;  Konrad Jackson,  Staff,  Representative  Kurt                                                                   
Olson;  Lorie  Hovanec,  Director, Division  of  Banking  and                                                                   
Securities,  Department of Commerce,  Community and  Economic                                                                   
Development;  Katie   Koester,  Staff,  Representative   Paul                                                                   
Seaton;  Diane  Barrans,  Executive  Director,  Postsecondary                                                                   
Education  Commission,  Department  of  Education  and  Early                                                                   
Development.                                                                                                                    
                                                                                                                                
PRESENT VIA TELECONFERENCE                                                                                                    
                                                                                                                                
Steve  VanSant,  State  Assessor,   Department  of  Commerce,                                                                   
Community  and Economic Development;  Marty McGee,  Assessor,                                                                   
Municipality  of Anchorage;  Sharon  Weddelton, Chief  Fiscal                                                                   
Officer, Municipality of Anchorage.                                                                                             
                                                                                                                                
SUMMARY                                                                                                                       
                                                                                                                                
SB 10     "An Act requiring health care insurers to provide                                                                     
          insurance coverage  for medical care  received by a                                                                   
          patient  during  certain approved  clinical  trials                                                                   
          designed   to   test    and   improve   prevention,                                                                   
          diagnosis,  treatment,  or  palliation  of  cancer;                                                                   
          directing  the  Department  of  Health  and  Social                                                                   
          Services  to provide  Medicaid services to  persons                                                                   
          who participate in those  clinical trials; relating                                                                   
          to  experimental  procedures  under  a  state  plan                                                                   
          offered  by  the  Comprehensive   Health  Insurance                                                                   
          Association; and providing  for an effective date."                                                                   
                                                                                                                                
          CS SB 10(HSS) was REPORTED out of Committee with                                                                      
          no recommendation  and attached zero note  1 by the                                                                   
          Department  of Health and Social Services  and zero                                                                   
          note  2 by  Department of  Commerce, Community  and                                                                   
          Economic Development.                                                                                                 
                                                                                                                                
HB 26     "An Act repealing the repeal of preventative and                                                                      
          restorative  adult  dental  services  reimbursement                                                                   
          under Medicaid; providing  for an effective date by                                                                   
          repealing  the effective  date of  sec. 3,  ch. 52,                                                                   
          SLA 2006; and providing for an effective date."                                                                       
                                                                                                                                
          HB 26 was REPORTED out of Committee with a "do                                                                        
          pass" recommendation  and with attached fiscal note                                                                   
          1 by the Department  of Health and Social Services.                                                                   
                                                                                                                                
HB 109    "An Act relating to eligibility for the Alaska                                                                        
          supplemental  education  loan  program and  to  the                                                                   
          interest  rate for  a  loan made  under the  Alaska                                                                   
          family  education loan  program; and providing  for                                                                   
          an effective date."                                                                                                   
                                                                                                                                
          HB 109 was REPORTED out of Committee with no                                                                          
          recommendation  and  attached zero  note  1 by  the                                                                   
          Department of Education and Early Development.                                                                        
                                                                                                                                
CS HB 121(FIN)                                                                                                                  
          "An  Act   relating  to  and  authorizing   certain                                                                   
          municipalities  to provide  a  property tax  credit                                                                   
          for  an  improvement  that aids  in  improving  air                                                                   
          quality."                                                                                                             
                                                                                                                                
          CS HB 121(FIN) was HEARD  and HELD in Committee for                                                                   
          further consideration.                                                                                                
                                                                                                                                
CS HB 134(RES)                                                                                                                  
          "An  Act relating  to the terms  and conditions  of                                                                   
          commercial   passenger  vessel   permits  for   the                                                                   
          discharge  of graywater, treated sewage,  and other                                                                   
          wastewater;  establishing a science  advisory panel                                                                   
          on  wastewater treatment  and  effluent quality  in                                                                   
          the Department  of Environmental  Conservation; and                                                                   
          providing for an effective date."                                                                                     
                                                                                                                                
          SCS CS  HB 134(FIN)  was REPORTED out  of Committee                                                                   
          with a  "do pass" recommendation and  with attached                                                                   
          zero  note  by  the   Department  of  Environmental                                                                   
          Conservation.                                                                                                         
                                                                                                                                
CS HB 172(FIN)                                                                                                                  
          "An Act relating to  an investment in the education                                                                   
          loan   fund;   relating   to  authority   for   the                                                                   
          commissioner  of  revenue  to  enter  into  a  bond                                                                   
          purchase  agreement and letter  of credit  with the                                                                   
          Alaska Student Loan  Corporation; and providing for                                                                   
          an effective date."                                                                                                   
                                                                                                                                
          SCS CS  HB 172(FIN)  was REPORTED out  of Committee                                                                   
          with a  "do pass" recommendation and  with attached                                                                   
          indeterminate  fiscal note 3  by the Department  of                                                                   
          Education  and Early Development  and indeterminate                                                                   
          fiscal note 4 by the Department of Revenue.                                                                           
                                                                                                                                
CS HB 221(L&C)                                                                                                                  
          "An  Act relating to  the state's participation  in                                                                   
          the  federal Nationwide  Mortgage Licensing  System                                                                   
          and  Registry, and to  mortgage lending  regulation                                                                   
          and  licensing;  and  providing  for  an  effective                                                                   
          date."                                                                                                                
                                                                                                                                
          CS HB 221(L&C) was HEARD  and HELD in Committee for                                                                   
          further consideration.                                                                                                
                                                                                                                                
SENATE BILL NO. 10                                                                                                            
                                                                                                                                
     "An  Act  requiring  health  care  insurers  to  provide                                                                   
     insurance  coverage  for  medical  care  received  by  a                                                                   
     patient   during   certain  approved   clinical   trials                                                                   
     designed  to  test and  improve  prevention,  diagnosis,                                                                   
     treatment,  or  palliation   of  cancer;  directing  the                                                                   
     Department  of Health  and  Social  Services to  provide                                                                   
     Medicaid  services to persons  who participate  in those                                                                   
     clinical  trials;  relating to  experimental  procedures                                                                   
     under a state  plan offered by the  Comprehensive Health                                                                   
     Insurance  Association; and  providing for an  effective                                                                   
     date."                                                                                                                     
                                                                                                                                
9:41:24 AM                                                                                                                    
                                                                                                                                
Co-Chair  Stedman   noted  that  the  bill   had  been  heard                                                                   
previously and asked if members  concerns had been satisfied.                                                                   
                                                                                                                                
Co-Chair  Hoffman  MOVED  to  report  CS SB  10(HSS)  out  of                                                                   
Committee   with    individual   recommendations    and   the                                                                   
accompanying fiscal  note. There  being NO OBJECTION,  it was                                                                   
so ordered.                                                                                                                     
                                                                                                                                
CS  SB  10(HSS)  was  REPORTED   out  of  Committee  with  no                                                                   
recommendation and attached zero  note 1 by the Department of                                                                   
Health and Social  Services and zero note 2  by Department of                                                                   
Commerce, Community and Economic Development.                                                                                   
                                                                                                                                
CS FOR HOUSE BILL NO. 134(RES)                                                                                                
                                                                                                                                
     "An  Act  relating  to  the   terms  and  conditions  of                                                                   
     commercial  passenger vessel  permits for the  discharge                                                                   
     of  graywater,  treated sewage,  and  other  wastewater;                                                                   
     establishing  a  science  advisory panel  on  wastewater                                                                   
     treatment  and effluent  quality  in  the Department  of                                                                   
     Environmental   Conservation;  and   providing  for   an                                                                   
     effective date."                                                                                                           
                                                                                                                                
9:43:06 AM                                                                                                                    
                                                                                                                                
Co-Chair Stedman provided history of the legislation.                                                                           
                                                                                                                                
JOHN  BITNEY,  STAFF, REPRESENTATIVE  JOHN  HARRIS,  SPONSOR,                                                                   
spoke briefly in support of the legislation.                                                                                    
                                                                                                                                
Co-Chair Hoffman  MOVED to report  SCS CS HB 134(FIN)  out of                                                                   
Committee   with    individual   recommendations    and   the                                                                   
accompanying fiscal  note. There  being NO OBJECTION,  it was                                                                   
so ordered.                                                                                                                     
                                                                                                                                
SCS CS HB 134(FIN)  was REPORTED out of Committee  with a "do                                                                   
pass"  recommendation  and with  attached  zero  note by  the                                                                   
Department of Environmental Conservation.                                                                                       
                                                                                                                                
HOUSE BILL NO. 26                                                                                                             
                                                                                                                                
     "An  Act  repealing  the   repeal  of  preventative  and                                                                   
     restorative  adult dental  services reimbursement  under                                                                   
     Medicaid; providing  for an effective date  by repealing                                                                   
     the  effective date  of sec.  3, ch. 52,  SLA 2006;  and                                                                   
     providing for an effective date."                                                                                          
                                                                                                                                
9:44:24 AM                                                                                                                    
                                                                                                                                
JULI LUCKY, STAFF, REPRESENTATIVE  MIKE HAWKER, SPONSOR, made                                                                   
herself available for questions regarding the legislation.                                                                      
                                                                                                                                
Co-Chair Hoffman MOVED to report  HB 26 out of Committee with                                                                   
individual recommendations and  the accompanying fiscal note.                                                                   
There being NO OBJECTION, it was so ordered.                                                                                    
                                                                                                                                
HB  26  was  REPORTED  out of  Committee  with  a  "do  pass"                                                                   
recommendation  and  with  attached  fiscal  note  1  by  the                                                                   
Department of Health and Social Services.                                                                                       
                                                                                                                                
9:45:24 AM          AT EASE                                                                                                   
9:46:20 AM          RECONVENED                                                                                                
                                                                                                                                
CS FOR HOUSE BILL NO. 121(FIN)                                                                                                
                                                                                                                                
     "An   Act   relating   to    and   authorizing   certain                                                                   
     municipalities to provide a property tax credit for an                                                                     
     improvement that aids in improving air quality."                                                                           
                                                                                                                                
9:46:27 AM                                                                                                                    
                                                                                                                                
Co-Chair  Hoffman  MOVED  to adopt  Work  Draft  26-LS0540\T,                                                                   
Cook, 4/14/09. Co-Chair Stedman OBJECTED for discussion.                                                                        
                                                                                                                                
DARWIN PETERSON, STAFF, SENATOR  BERT STEDMAN, explained that                                                                   
the CS adds one  section to the bill, section  2. The section                                                                   
provides   a   municipal   tax   exemption   for   non-profit                                                                   
universities.  The municipality must  enact the exemption  by                                                                   
ordinance.  The  provision  would   put  the  Alaska  Pacific                                                                   
University  on   the  same  property   tax  footing   as  the                                                                   
University  of Alaska  in the municipality  of Anchorage.  He                                                                   
referred to  a letter endorsing  the legislation  from former                                                                   
municipal mayor Mark Begich (Copy  on File). In addition, the                                                                   
Anchorage municipal  assembly enacted a resolution  endorsing                                                                   
the measure  (Copy on File).  University of Alaska  president                                                                   
Mark Hamilton  also wrote in support  (Copy on File).  He did                                                                   
not think there was opposition.                                                                                                 
                                                                                                                                
Senator Thomas asked for more  information regarding lines 23                                                                   
to 25 in the CS.                                                                                                                
                                                                                                                                
STEVE  VANSANT,  STATE  ASSESSOR,   DEPARTMENT  OF  COMMERCE,                                                                   
COMMUNITY   AND    ECONOMIC   DEVELOPMENT    (testified   via                                                                   
teleconference), replied that  he had not seen the amendment,                                                                   
although  he  assumed  the  language  was  the  same  as  the                                                                   
language  in  HB  10.  The  language  would  allow  municipal                                                                   
taxation on lands that the universities  may lease to private                                                                   
industry for private business.  He gave an example of how the                                                                   
provision could work.                                                                                                           
                                                                                                                                
9:50:29 AM                                                                                                                    
                                                                                                                                
Senator Huggins  asked if Alaska Pacific University  falls in                                                                   
the category  of property of  a private, nonprofit  four-year                                                                   
college. Mr. VanSant replied in the affirmative.                                                                                
                                                                                                                                
9:51:00 AM     AT EASE                                                                                                        
9:51:13 AM     RECONVENED                                                                                                     
                                                                                                                                
Co-Chair  Stedman removed  his OBJECTION  to the adoption  of                                                                   
the CS. There being NO further  OBJECTION, it was so ordered.                                                                   
                                                                                                                                
Co-Chair  Hoffman MOVED  that the committee  request  a title                                                                   
change resolution  as a title  change would be  needed. There                                                                   
being NO OBJECTION, it was so ordered.                                                                                          
                                                                                                                                
KAREN LIDSTER,  STAFF, REPRESENTATIVE JOHN  COGHILL, SPONSOR,                                                                   
explained that  the CS includes  the municipal tax;  when the                                                                   
bill became HB  121, it was a request by the  municipality of                                                                   
Fairbanks  and  an  attempt  to  deal  with  issues  of  non-                                                                   
attainment,  or specifically  air quality  called 2.5PM.  The                                                                   
bill would  allow the  municipalities  to adopt an  ordinance                                                                   
and  provide   a  tax   credit  to   individuals  that   made                                                                   
improvements in heating mechanisms  to help with air quality.                                                                   
The  bill deals  only with  municipalities  that have  within                                                                   
their boundaries  areas that  fail to  meet federal  or state                                                                   
quality standards for fine particulates known as 2.5PM.                                                                         
                                                                                                                                
Co-Chair  Stedman  asked which  municipalities  qualify.  Ms.                                                                   
Lidster  answered that  at this  time  the municipalities  of                                                                   
Fairbanks and Juneau qualify.                                                                                                   
                                                                                                                                
9:54:10 AM                                                                                                                    
                                                                                                                                
MARTY MCGEE,  ASSESSOR, MUNICIPALITY OF ANCHORAGE  (testified                                                                   
via  teleconference), stated  that  he was  surprised by  the                                                                   
amendment  which appears to  carry the  language from  HB 10.                                                                   
He  reported  that  the  municipality  had  worked  with  the                                                                   
committee and  the sponsor to  modify the language in  HB 10.                                                                   
To  the   extent  that   the  language   is  the  same,   the                                                                   
municipality does not object to the proposal.                                                                                   
                                                                                                                                
SHARON  WEDDELTON,  CHIEF  FISCAL  OFFICER,  MUNICIPALITY  OF                                                                   
ANCHORAGE  (testified  via teleconference),  echoed  surprise                                                                   
that the municipality  was not notified about  the amendment.                                                                   
She stated disappointment. She had no additional comments.                                                                      
                                                                                                                                
Co-Chair  Stedman explained  that  things  can, on  occasion,                                                                   
move quickly late in the session.                                                                                               
                                                                                                                                
CS HB  121(FIN) was HEARD and  HELD in Committee  for further                                                                   
consideration.                                                                                                                  
                                                                                                                                
CS FOR HOUSE BILL NO. 221(L&C)                                                                                                
                                                                                                                                
     "An  Act relating  to the state's  participation  in the                                                                   
     federal   Nationwide  Mortgage   Licensing  System   and                                                                   
     Registry,  and   to  mortgage  lending   regulation  and                                                                   
     licensing; and providing for an effective date."                                                                           
                                                                                                                                
9:56:39 AM                                                                                                                    
                                                                                                                                
KONRAD JACKSON,  STAFF, REPRESENTATIVE  KURT OLSON,  reported                                                                   
that  at the  end of  July 2008,  new federal  law went  into                                                                   
effect called  the Secure and  Fair Enforcement  for Mortgage                                                                   
Licensing  Act  (SAFE).  The   act  includes  the  Nationwide                                                                   
Mortgage Licensing  System and  Registry. House Bill  221 was                                                                   
the  minimum  that  the  state   needs  to  comply  with  the                                                                   
licensing  system. The  deadline for  compliance is  July 30,                                                                   
2009.                                                                                                                           
                                                                                                                                
LORIE HOVANEC, DIRECTOR, DIVISION  OF BANKING AND SECURITIES,                                                                   
DEPARTMENT OF  COMMERCE, COMMUNITY AND ECONOMIC  DEVELOPMENT,                                                                   
noted that the  division licenses mortgage  loan originators,                                                                   
professionals,  and  their  companies,   and  administer  the                                                                   
state's current  mortgage lending statute. She  reported that                                                                   
a  number  of  years  ago,  state  regulators  developed  the                                                                   
national    mortgage    licensing     system.    Since    its                                                                   
implementation, 30  states have joined. Alaska  would like to                                                                   
join August  1 and needs the  legislation in order to  do so.                                                                   
State regulators are in favor  of the provision. She referred                                                                   
to her April 14, 2009 memo describing  the benefits of HB 221                                                                   
(Copy on File).                                                                                                                 
                                                                                                                                
Senator Thomas  queried the benefit  to the state of  being a                                                                   
member of  the network. Ms.  Hovanec responded that  the main                                                                   
benefit is that  there would be a database  of the activities                                                                   
and  disciplinary actions  regarding  mortgage companies  and                                                                   
professionals  doing business  in  Alaska.  She compared  the                                                                   
provision with  the security system  in place  for investment                                                                   
advisors.                                                                                                                       
                                                                                                                                
10:00:36 AM                                                                                                                   
                                                                                                                                
Co-Chair Stedman asked if the  department supported the bill.                                                                   
Ms. Hovanec responded yes.                                                                                                      
                                                                                                                                
Senator Huggins asked how many  states have complied with the                                                                   
federal act. Ms.  Hovanec replied that approximately  15 have                                                                   
complied  and others  have legislation  pending. Some  states                                                                   
have joined  the licensing system  and do not appear  to need                                                                   
statutory enabling to do so.                                                                                                    
                                                                                                                                
Co-Chair Stedman  mentioned the fiscal note  for $98,000 from                                                                   
the   Department   of  Commerce,   Community   and   Economic                                                                   
Development.                                                                                                                    
                                                                                                                                
CS HB  221(L&C) was HEARD and  HELD in Committee  for further                                                                   
consideration.                                                                                                                  
                                                                                                                                
HOUSE BILL NO. 109                                                                                                            
                                                                                                                                
     "An  Act   relating  to   eligibility  for   the  Alaska                                                                   
     supplemental education loan  program and to the interest                                                                   
     rate for a  loan made under the Alaska  family education                                                                   
    loan program; and providing for an effective date."                                                                         
                                                                                                                                
10:02:37 AM                                                                                                                   
                                                                                                                                
KATIE  KOESTER,  STAFF, REPRESENTATIVE  PAUL  SEATON,  CHAIR,                                                                   
HOUSE  EDUCATION  COMMITTEE, summarized  the  legislation  as                                                                   
addressing   the    Alaska   Commission   on    Postsecondary                                                                   
Education's   inability   to   get  financial   backing   for                                                                   
alternative   student   loans.   The   legislation   requires                                                                   
borrowers  for an  Alaska student  loan to  have either  good                                                                   
credit or a co-signer. House Bill  109 also sets the interest                                                                   
rate  of the  Family Education  Loan (FEL),  which allows  an                                                                   
individual  to borrow  on behalf  of  another family  member.                                                                   
Currently,  the   interest  is  rate  is  7.3   percent;  the                                                                   
provision would allow  the rate to be set in  the same manner                                                                   
as the Alaska student loan.                                                                                                     
                                                                                                                                
Co-Chair Stedman mentioned the zero fiscal note.                                                                                
                                                                                                                                
Senator  Thomas asked  what loans  would be  affected by  the                                                                   
legislation.  Ms.  Koester  replied that  the  Stafford  loan                                                                   
would not change  as it is federally guaranteed.  The changes                                                                   
would apply to the Alaska student loan and the FEL.                                                                             
                                                                                                                                
10:06:28 AM                                                                                                                   
                                                                                                                                
DIANE  BARRANS, EXECUTIVE  DIRECTOR, POSTSECONDARY  EDUCATION                                                                   
COMMISSION,  DEPARTMENT OF EDUCATION  and EARLY  DEVELOPMENT,                                                                   
elaborated  that  the  credit   criteria  that  is  currently                                                                   
applied  to   supplemental  education  loans   would  change.                                                                   
Applicants  would not  qualify  for loans  if  found to  have                                                                   
adverse credit. Qualification  would begin at the  low end of                                                                   
the good credit scale.                                                                                                          
                                                                                                                                
Co-Chair  Hoffman MOVED  to report  HB 109  out of  Committee                                                                   
with individual  recommendations and the  accompanying fiscal                                                                   
note. There being NO OBJECTION, it was so ordered.                                                                              
                                                                                                                                
HB 109 was  REPORTED out of Committee with  no recommendation                                                                   
and attached zero  note 1 by the Department  of Education and                                                                   
Early Development.                                                                                                              
                                                                                                                                
CS FOR HOUSE BILL NO. 172(FIN)                                                                                                
                                                                                                                                
     "An Act relating to an investment  in the education loan                                                                   
     fund;  relating  to authority  for  the commissioner  of                                                                   
     revenue  to enter  into a  bond  purchase agreement  and                                                                   
     letter   of  credit   with  the   Alaska  Student   Loan                                                                   
     Corporation; and providing for an effective date."                                                                         
                                                                                                                                
10:07:48 AM                                                                                                                   
                                                                                                                                
Co-Chair  Hoffman  MOVED  to ADOPT  Work  Draft  26-GH1211\S,                                                                   
Cook, 4/15/09. Co-Chair Stedman OBJECTED for discussion.                                                                        
                                                                                                                                
Darwin Peterson,  Staff, Senator Bert Stedman,  detailed that                                                                   
the  work draft  would  make three  changes  in the  original                                                                   
bill. The first two changes are  found on page 3, sub-Section                                                                   
H, Lines 2-5,  will lessen the terms for investments,  from 5                                                                   
years to  4 years. The  third change  is found in  Section 3,                                                                   
page  3, line  15,  which requires  the  Alaska Student  Loan                                                                   
Corporation to  develop a proposal  for repayment  of student                                                                   
loans  during  the legislative  interim,  to  be reviewed  on                                                                   
January 19, 2010 by the legislature.                                                                                            
                                                                                                                                
Co-Chair  Stedman  pointed out  that  at  that the  time  the                                                                   
legislature would  consider forgiveness of student  loans for                                                                   
particular situations.                                                                                                          
                                                                                                                                
Mr. Peterson agreed that this  was Uncodified law, asking for                                                                   
the Alaska Student  Loan Corporation to provide  imput before                                                                   
legislation is drafted in the 2010 legislative session.                                                                         
                                                                                                                                
Co-Chair Stedman removed OBJECTION.                                                                                             
                                                                                                                                
10:10:28 AM                                                                                                                   
                                                                                                                                
Diane  Barrans, Executive  Director, Postsecondary  Education                                                                   
Commission,  Department of  Education  and Early  Development                                                                   
commented that  the department and the committee  should work                                                                   
to make  the program  maximally accessible  to Alaskans  with                                                                   
incentives   beyond  what  the   corporation  could   provide                                                                   
internally.                                                                                                                     
                                                                                                                                
Co-Chair Hoffman reminded of questions  delinquency rates and                                                                   
in-state and out-of-state loans  that had yet to be answered.                                                                   
                                                                                                                                
10:11:55 AM         AT EASE                                                                                                   
10:12:18 AM         RECONVENED                                                                                                
                                                                                                                                
Co-Chair   Stedman   requested   further   clarification   on                                                                   
committee  questions be  presented by  the department  in the                                                                   
proposal scheduled to be presented in January 2010.                                                                             
                                                                                                                                
Co-Chair Hoffman  MOVED to report  SCS CS HB 172(FIN)  out of                                                                   
Committee   with    individual   recommendations    and   the                                                                   
accompanying fiscal note.                                                                                                       
                                                                                                                                
10:13:20 AM         AT EASE                                                                                                   
10:13:39 AM         RECONVENED                                                                                                
                                                                                                                                
Co-Chair Hoffman WITHDREW the motion.                                                                                           
                                                                                                                                
Co-Chair  Hoffman  MOVED  to  request  resolution  for  title                                                                   
change. There being NO OBJECTION, it was so ordered.                                                                            
                                                                                                                                
Co-Chair Hoffman  MOVED to report  SCS CS HB 172(FIN)  out of                                                                   
Committee   with    individual   recommendations    and   the                                                                   
accompanying fiscal  note. There  being NO OBJECTION,  it was                                                                   
so ordered.                                                                                                                     
                                                                                                                                
SCS CS HB 172(FIN)  was REPORTED out of Committee  with a "do                                                                   
pass" recommendation  and with attached indeterminate  fiscal                                                                   
note 3 by  the Department of Education and  Early Development                                                                   
and  indeterminate  fiscal  note   4  by  the  Department  of                                                                   
Revenue.                                                                                                                        
                                                                                                                                
10:14:53 AM                                                                                                                   
                                                                                                                                
ADJOURNMENT                                                                                                                   
                                                                                                                                
The meeting was adjourned at 10:14 AM.                                                                                          

Document Name Date/Time Subjects
02 HB221 Sponsor Statement.pdf SFIN 4/16/2009 9:00:00 AM
HB 221
04 HB221 NMLS overview.pdf SFIN 4/16/2009 9:00:00 AM
HB 221
AML Resolution.doc.pdf SFIN 4/16/2009 9:00:00 AM
HB 121
07 HB221 VER e.pdf SFIN 4/16/2009 9:00:00 AM
HB 221
06 HB221 Letter of support-opposition_ JMartin 4-10-09.pdf SFIN 4/16/2009 9:00:00 AM
HB 221
FNSB_letter of support herron.doc.pdf SFIN 4/16/2009 9:00:00 AM
HB 121
FNSB_letter of support_Munoz.doc.pdf SFIN 4/16/2009 9:00:00 AM
HB 121
Letter ACA.pdf SFIN 4/16/2009 9:00:00 AM
HB 121
HB121_Ltrs_of_Support_II[1].pdf SFIN 4/16/2009 9:00:00 AM
HB 121
HB 221 Div of Banking and Securities Letter.pdf SFIN 4/16/2009 9:00:00 AM
HB 221
HCS CSSB 75 (FIN) Version N.pdf SFIN 4/16/2009 9:00:00 AM
SB 75
HCS SB 75 FIN spreadsheet.pdf SFIN 4/16/2009 9:00:00 AM
SB 75
SCSforCSfor HB172(FIN)SWORK DRAFT.pdf SFIN 4/16/2009 9:00:00 AM
HB 172
SCSforCSHB121(FIN)TWORK DRAFT.pdf SFIN 4/16/2009 9:00:00 AM
HB 121
sectional.doc SFIN 4/16/2009 9:00:00 AM
HB 121
sponsor statement.doc SFIN 4/16/2009 9:00:00 AM
HB 121