Legislature(2011 - 2012)SENATE FINANCE 532

02/09/2012 09:00 AM FINANCE


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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ Bills Previously Heard/Scheduled TELECONFERENCED
+= SB 158 REAL ESTATE SALES LICENSEES TELECONFERENCED
Moved CSSB 158(L&C) Out of Committee
+= SB 171 INCREASE BASE STUDENT ALLOCATION TELECONFERENCED
Moved SB 171 Out of Committee
                 SENATE FINANCE COMMITTEE                                                                                       
                     February 9, 2012                                                                                           
                         9:00 a.m.                                                                                              
                                                                                                                                
9:00:49 AM                                                                                                                    
                                                                                                                                
CALL TO ORDER                                                                                                                 
                                                                                                                                
Co-Chair Stedman called the Senate Finance Committee                                                                            
meeting to order at 9:00 a.m.                                                                                                   
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Senator Lyman Hoffman, Co-Chair                                                                                                 
Senator Bert Stedman, Co-Chair                                                                                                  
Senator Lesil McGuire, Vice-Chair                                                                                               
Senator Johnny Ellis                                                                                                            
Senator Dennis Egan                                                                                                             
Senator Donny Olson                                                                                                             
Senator Joe Thomas                                                                                                              
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
None                                                                                                                            
                                                                                                                                
SUMMARY                                                                                                                       
                                                                                                                                
SB 158    REAL ESTATE SALES LICENSEES                                                                                           
                                                                                                                                
          CSSB 158(L&C) was REPORTED out of committee  with                                                                     
          a "do pass" recommendation and with a previously                                                                      
          published zero fiscal note: FN1 (CED).                                                                                
                                                                                                                                
SB 171    INCREASE BASE STUDENT ALLOCATION                                                                                      
                                                                                                                                
          SB 171 was REPORTED out of committee with a "do                                                                       
          pass" recommendation and with two new fiscal                                                                          
          impact notes from the Department of Education and                                                                     
          Early Development.                                                                                                    
                                                                                                                                
Co-Chair Stedman discussed housekeeping.                                                                                        
                                                                                                                                
SENATE BILL NO. 158                                                                                                           
                                                                                                                                
     "An Act relating to the Real Estate Commission; and                                                                        
     providing for an effective date."                                                                                          
                                                                                                                                
9:02:14 AM                                                                                                                    
                                                                                                                                
Senator Egan explained that SB  158 aimed to address several                                                                    
weaknesses  in the  current real  estate  law pertaining  to                                                                    
real estate brokers.  He remarked that the  bill would allow                                                                    
the  Real  Estate  Commission  to  appoint  an  overseer  to                                                                    
temporarily manage  a brokerage in  the event that  a broker                                                                    
is  unavailable.  He  stated  that  the  overseer  would  be                                                                    
appointed in cases  of a traumatic or  medical event; having                                                                    
a  license suspended;  or on  an investigative  finding that                                                                    
shows substantial  evidence pointing to  misappropriation of                                                                    
funds.  He stated  that  the bill  would  assure that  trust                                                                    
accounts and  other sensitive business affairs  were handled                                                                    
responsibly.  He  stressed  that  the  bill  would  allow  a                                                                    
licensee to donate a portion  of a commission to charity and                                                                    
allow the licensee  to advertise the donation.  He urged the                                                                    
support of SB 158.                                                                                                              
                                                                                                                                
Senator Olson  wondered if  anyone opposed  the legislation.                                                                    
Senator Egan replied that there was no opposition.                                                                              
                                                                                                                                
Senator Olson  asked why the  legislation was  not addressed                                                                    
in  the  past. Co-Chair  Stedman  stated  that there  was  a                                                                    
recent issue  that was the  catalyst for the writing  of the                                                                    
bill.                                                                                                                           
                                                                                                                                
Co-Chair  Stedman addressed  the one  zero fiscal  note from                                                                    
Department of Commerce, Community and Economic Development.                                                                     
                                                                                                                                
Co-Chair  Hoffman  MOVED  to report  CSSB  158(L&C)  out  of                                                                    
committee   with   individual    recommendations   and   the                                                                    
accompanying fiscal  note. There  being NO OBJECTION  it was                                                                    
so ordered.                                                                                                                     
                                                                                                                                
CSSB  158(L&C) was  REPORTED  out of  committee  with a  "do                                                                    
pass" recommendation  and with  a previously  published zero                                                                    
fiscal note: FN1 (CED).                                                                                                         
                                                                                                                                
SENATE BILL NO. 171                                                                                                           
                                                                                                                                
     "An Act increasing the base student allocation used                                                                        
     for public school funding; and providing for an                                                                            
     effective date."                                                                                                           
                                                                                                                                
9:04:33 AM                                                                                                                    
                                                                                                                                
Co-Chair Stedman  looked at  the two  new fiscal  notes from                                                                    
the Department of Education and Early Development.                                                                              
                                                                                                                                
Senator  Thomas stated  that  SB 171  would  raise the  base                                                                    
student  allocation  to  $125,   $130,  and  $135  over  the                                                                    
following  three fiscal  years.  He stressed  that the  bill                                                                    
would give school  districts financial planning flexibility.                                                                    
He stressed  that the Alaska Senate  had implemented forward                                                                    
funding  of   education.  He   thanked  the   committee  for                                                                    
addressing the issue.                                                                                                           
                                                                                                                                
Senator Olson  queried the  administration's position  on SB                                                                    
171.  Senator  Thomas  replied that  the  governor  did  not                                                                    
support SB 171.                                                                                                                 
                                                                                                                                
Senator  McGuire supported  SB 171,  and commented  that she                                                                    
had spoken  to the Harbor  View Middle School  principal, an                                                                    
explained that the work of  the Senate had made a difference                                                                    
in faculty retention. She reiterated  that the Senate's work                                                                    
over  the past  few years  was very  positive in  the school                                                                    
districts.                                                                                                                      
                                                                                                                                
Co-Chair Hoffman  MOVED to  report SB  171 out  of committee                                                                    
with individual recommendations  and the accompanying fiscal                                                                    
notes. There being NO OBJECTION it was so ordered.                                                                              
                                                                                                                                
SB  171 was  REPORTED  out  of committee  with  a "do  pass"                                                                    
recommendation  and with  two new  fiscal impact  notes from                                                                    
the Department of Education and Early Development.                                                                              
                                                                                                                                
Co-Chair Stedman discussed the following day's agenda.                                                                          
                                                                                                                                
ADJOURNMENT                                                                                                                   
                                                                                                                                
9:09:22 AM                                                                                                                    
                                                                                                                                
The meeting was adjourned at 9:09 AM.                                                                                           
                                                                                                                                
                                                                                                                                

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