Legislature(2009 - 2010)SENATE FINANCE 532
03/29/2010 09:00 AM Senate FINANCE
| Audio | Topic |
|---|---|
| Start | |
| SB217 | |
| SB219 | |
| SB284 | |
| SB117 | |
| SB239 | |
| SB243 | |
| SB279 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | SB 217 | TELECONFERENCED | |
| += | SB 219 | TELECONFERENCED | |
| += | SB 279 | TELECONFERENCED | |
| += | SB 284 | TELECONFERENCED | |
| + | SB 117 | TELECONFERENCED | |
| + | SB 239 | TELECONFERENCED | |
| + | SB 243 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
| = | SB 305 | ||
SENATE FINANCE COMMITTEE
March 29, 2010
9:03 a.m.
9:03:49 AM
CALL TO ORDER
Co-Chair Stedman called the Senate Finance Committee
meeting to order at 9:03 a.m.
MEMBERS PRESENT
Senator Lyman Hoffman, Co-Chair
Senator Bert Stedman, Co-Chair
Senator Charlie Huggins, Vice-Chair
Senator Dennis Egan
Senator Donny Olson
Senator Joe Thomas
MEMBERS ABSENT
Senator Johnny Ellis
ALSO PRESENT
Bryan Butcher, Director, Government Affairs and Public
Relations, Alaska Housing Finance Corporation, Department
Of Revenue; Esther Cha, Staff, Senator Lesil McGuire;
Senator Hollis French; Senator Kevin Meyer; Mike Pawlowski,
Staff, Senator Lesil McGuire; Darwin Peterson, Staff, Co-
Chair Stedman; Senator Joe Paskvan; Patrice Walsh, Division
of Banking and Securities, Department of Commerce,
Community, & Economic Development (DCCED); Jesse Kiehl,
Staff, Senator Egan
PRESENT VIA TELECONFERENCE
Mike Elerding, Ketchikan; Cliff Kraemer, Northern Sales
Company; Paul Thomsen, Director, ORMAT-Technology; Cathy
Foerster, Engineering Commissioner, Alaska Oil and Gas
Conservation (AOGCC); Kevin Banks, Director, Division of
Oil and Gas, Department of Natural Resources
SUMMARY
SB 117 PRICE OF CIGARETTES
SB 117 was HEARD and HELD in Committee for
further consideration.
SB 217 GUARANTEED REVENUE BONDS FOR VETERANS
CSSB 217 (FIN) was REPORTED out of Committee with
a "do pass" recommendation and with a new fiscal
note by the Department of Revenue.
SB 219 TRAUMATIC BRAIN INJURY: PROGRAM/MEDICAID
CSSB 219 (FIN) was REPORTED out of Committee with
no recommendation and with zero FN 1 (DHS) and FN
2 (DHS.
SB 239 IGNITION INTERLOCK DEVICES/DUI/CHEM. TEST
SB 239 was HEARD and HELD in Committee for
further consideration.
SB 243 NO ROYALTY ON GEOTHERMAL RESOURCE
SB 243 was HEARD and HELD in Committee for
further consideration.
SB 279 MORTGAGE LENDING
CSSB 279 (FIN) was REPORTED out of Committee with
a "do pass" recommendation and with FN 1 (CED).
SB 284 CAMPAIGN EXPENDITURES
CSSB 284 (FIN) was REPORTED out of Committee with
a "do pass" recommendation and with zero FN 1
(GOV) and FN 2 (ADM).
SB 305 SEPARATE OIL & GAS PRODUCTION TAX
SB 305 was SCHEDULED but not HEARD.
9:04:52 AM
SENATE BILL NO. 217
"An Act relating to the issuance of state-guaranteed
revenue bonds by the Alaska Housing Finance
Corporation to finance mortgages for qualifying
veterans; and providing for an effective date."
9:05:48 AM
Co-Chair Stedman stated that it was the second hearing on
the bill.
Co-Chair Hoffman MOVED to ADOPT CSSB 217 (FIN), labeled 26-
GS2879\R, as the working document.
Co-Chair Stedman OBJECTED. He explained that there was new
language on page 3, Section 5, which authorizes the Alaska
Housing Finance Corporation (AHFC) to purchase the building
where they currently reside at 4300 Boniface in Anchorage.
It also allows AHFC to purchase a site for the relocation
of their Anchorage in-take office.
Co-Chair Stedman WITHDREW his OBJECTION.
There being NO OBJECTION, it was so ordered.
9:07:26 AM
BRYAN BUTCHER, DIRECTOR, GOVERNMENT AFFAIRS AND PUBLIC
RELATIONS, ALASKA HOUSING FINANCE CORPORATION, DEPARTMENT
OF REVENUE, explained that by state law, AHFC is required
to make a statutory change any time it purchases or
constructs a building. The cost of the building will be for
no more than $14.5 million, of which $5 million will be
from a land exchange with the Tatitlek Corporation. The
savings due to purchasing the building, rather than
continuing to lease, should be approximately $15.2 million
in net present value.
Mr. Butcher shared information about the location and
problematic condition of the public housing intake
building. Repairing the building would exceed the value of
the building. There are federal funds and AHFC receipts
that can be used to relocate the building ideally in East
Anchorage on a bus route. No additional appropriation
request will be needed.
9:09:25 AM
Co-Chair Stedman noted one fiscal note from the Department
of Revenue showing $150,000 in AHFC receipts for FY 11 to
inform the voters about the bonds, and a negative amount of
$1,235,600 in the contractual line beginning in FY 12 as a
result of not making any more lease payments. In the
miscellaneous line the amount of $1,275,600 is for debt
service on 25-year bonds to purchase the building.
Senator Olson asked what the tax-assessed value of the
property was. Mr. Butcher explained that the tax payment on
the current building for the previous year was
approximately $175,000 and the value was for $12.2 million.
The Tatitlek Corporation plans to build on the site after
the land exchange and should show a net increase in tax
value to Anchorage.
Senator Olson inquired if Anchorage is opposed to taking
the property off the tax rolls. Mr. Butcher replied that
the municipality has not stated opposition to this land
trade.
Senator Olson asked where the intake site currently is
located. Mr. Butcher said it was on International Airport
Road between Arctic Boulevard and C Street. It has been a
difficult place for people to get to.
9:12:12 AM
Co-Chair Hoffman MOVED to report CSSB 217 (FIN) out of
Committee with individual recommendations and the
accompanying fiscal note. There being NO OBJECTION, it was
so ordered.
CSSB 217 (FIN) was REPORTED out of Committee with a "do
pass" recommendation and with a new fiscal note by the
Department of Revenue.
9:12:24 AM
SENATE BILL NO. 219
"An Act establishing a traumatic brain injury program
and registry within the Department of Health and
Social Services; and relating to medical assistance
coverage for traumatic brain injury services."
Co-Chair Stedman noted that there were two previous
hearings on the bill.
Co-Chair Hoffman MOVED to ADOPT CSSB 219 (FIN), labeled 26-
LS1312\P, Mischel, 3/22/10, as the working document.
Co-Chair Stedman OBJECTED for discussion purposes.
Co-Chair Stedman explained that at the last hearing a CS
was adopted that amended the definition of "case management
services" on page 2, Section 3. At that hearing language on
page 3, lines 27 and 28, was deleted. This CS incorporates
those changes.
Co-Chair Stedman WITHDREW his OBJECTION. There being NO
OBJECTION, it was so ordered.
9:14:01 AM
ESTHER CHA, STAFF, SENATOR LESIL MCGUIRE, SPONSOR,
explained the changes by section. The bill establishes in
Section 1 the ability for the Department of Health and
Social Services to collect and analyze databases relating
to longitudinal data, the same amount of information
tracked on the same person over a period of time. Section 2
adds case management services for a traumatic brain injury
for optional services provided by the department. Section 3
amends the definition of case management services for
traumatic or acquired brain injury to align with the
federal definition. Section 4 adds a Medicaid waiver the
department can apply for. Section 5 establishes the
program, which is the bulk of the bill.
Co-Chair Stedman noted two fiscal notes from the Department
of Health and Social Services, one zero fiscal note and one
fiscal note for an increase cost for $494,600 in general
funds and $707,400 in federal receipts.
9:15:35 AM
Co-Chair Hoffman MOVED to report CSSB 219 (FIN) out of
Committee with individual recommendations and the
accompanying fiscal notes. There being NO OBJECTION, it was
so ordered.
CSSB 219 (FIN) was REPORTED out of Committee with no
recommendation and with zero FN 1 (DHS) and FN 2 (DHS.
AT-EASE 9:16:21 AM
RECONVENED 9:17:09 AM
SENATE BILL NO. 284
"An Act relating to state election campaigns, the
duties of the Alaska Public Offices Commission, the
reporting and disclosure of expenditures and
independent expenditures, the filing of reports, and
the identification of certain communications in state
election campaigns; and providing for an effective
date."
9:17:18 AM
Senator Huggins MOVED to ADOPT Amendment 1:
Page 6, lines 3-4:
Delete "apply only to the extent permitted by federal
law"
Insert "prohibit a foreign national from making a
contribution or expenditure in connection with a state
election only to the extent
(1) that federal law prohibits a foreign national
from making a contribution or expenditure in
connection with a state election; and
(2) permitted by federal law"
Co-Chair Stedman OBJECTED for discussion purposes.
Senator Huggins explained that the amendment was clarifying
language.
SENATOR HOLLIS FRENCH, SPONSOR, stated that he supported
the amendment.
Co-Chair Stedman WITHDREW his OBJECTION to adopting
Amendment 1. There being NO further OBJECTION, it was so
ordered.
9:18:33 AM
Senator French explained that the bill makes certain that
there is disclosure to the Alaska Public Offices Commission
(APOC) of the independent expenditures made in the next
election cycle by corporations and unions that are now free
to participate in elections due to a recent Supreme Court
decision. It also provides for disclaimers in advertising
on the radio, on television, and in the newspapers so that
Alaskans know who is speaking to them about the elections.
Co-Chair Stedman noted the fiscal notes; one zero fiscal
note from the Governor and a fiscal note by the Department
of Administration requesting one additional staff position
for APOC for $131,200 in general funds.
9:19:36 AM
Co-Chair Hoffman MOVED to report CSSB 284 (FIN) out of
Committee with individual recommendations and the
accompanying fiscal note. There being NO OBJECTION, it was
so ordered.
CSSB 284 (FIN) was REPORTED out of Committee with a "do
pass" recommendation and with zero FN 1 (GOV) and FN 2
(ADM).
SENATE BILL NO. 117
"An Act requiring the Department of Revenue to set the
minimum price for cigarettes for sale by wholesalers
and retailers; and prohibiting a wholesaler or
retailer from selling at wholesale or retail
cigarettes at a lower price than the price set by the
Department of Revenue."
ESTHER CHA, STAFF, SENATOR LESIL MCGUIRE, explained that
the bill addresses a current loophole in legislation which
allows large high volume cigarette sellers to price their
cigarettes at less than the minimum price set by law if
they can prove that their actual cost of doing business is
lower than the mandated minimum price. The original purpose
of Article 7 in Title 43 was to prevent wholesalers and
retailers from using predatory pricing practices to promote
the sale of cheap cigarettes and use them as a loss leader.
However, AS 43.50.800(c) specifically states that a
wholesaler or retailer that wishes to advertise, offer to
sell, or sell cigarettes at less than the presumptive,
actual cost to the wholesaler or retailer, must first
obtain approval from the department. The department may
grant approval only if the wholesaler or retailer provides
proof satisfactory to the department that the wholesaler's
or retailer's actual cost is lower than presumed. She gave
an example. SB 117 would repeal AS 43.50.800 and replace it
with Section 6 in the bill, which establishes AS 43.50.801.
Ms. Cha explained that the only change between the original
bill and the CS are the multipliers. The original bill held
the percentages to what is currently in statute, which was
4.5 percent at wholesale and 6 percent at retail. The new
CS changes those percentages to 2 percent and 4 percent
respectively. The Department of Revenue approves of the
change. The percentages in the CS are currently higher than
the percentage granted at the exemption.
Ms. Cha shared that the original reasoning behind fixing a
minimum price for cigarettes was based on studies showing
how increased prices would work to provide a financial
incentive for existing smokers to quit, as well as to
discourage new smokers. The expected price increase found
in the CS will not have as great an effect. The bill will
not change the amount of tax received by the state on
cigarette sales. By getting rid of a wholesaler's or
retailer's ability to apply for an exemption, the CS would
bring parity and balance to competition. It would level the
playing field by ensuring that all vendors, regardless of
size, volume, or accounting practices, will have to price
at, or above, the minimum price set in law.
9:24:45 AM
Co-Chair Stedman noted one zero fiscal note from the
Department of Revenue.
9:25:06 AM
MIKE ELERDING, KETCHIKAN (via teleconference), spoke in
favor of the legislation. He requested that the topic of
the bill be limited to only one topic, the price of
cigarettes. He spoke as a tobacco distributor and shared
the history of his company's involvement in cigarette
taxes. He provided information about the correlation
between increasing prices and decreasing consumption. He
described how cigarette pricing is controlled. He
emphasized that if the state is doing its part to increase
the price of tobacco, cigarettes should not be sold for
less than the market cost. He agreed that SB 117 closed a
loophole and stated his support for the bill.
9:29:21 AM
CLIFF KRAEMER, NORTHERN SALES COMPANY (via teleconference),
spoke in support of the proposed changes contained in SB
117. The recommendation to set a minimum price for
cigarettes is a compromise among wholesalers and retailers.
SB 177 was heard and HELD in Committee for further
consideration.
9:31:01 AM
SENATE BILL NO. 239
"An Act relating to ignition interlock devices, to
refusal to submit to a chemical test, and to driving
while under the influence."
SENATOR KEVIN MEYER, SPONSOR, provided the history of the
bill. He pointed out that not all judges are using the
tool, which is a concern. He stated that research shows the
effectiveness of the interlock device. He emphasized that
the bill closes loopholes.
Senator Meyer said there was no fiscal impact because the
law is already in place.
9:33:27 AM
Co-Chair Stedman noted two zero fiscal notes.
SB 239 was heard and HELD in Committee for further
consideration.
SENATE BILL NO. 243
"An Act removing the royalty obligation for geothermal
resources."
9:34:30 AM
MIKE PAWLOWSKI, STAFF, SENATOR LESIL MCGUIRE, SPONSOR,
explained that the bill attempts to find a rational royalty
regime for the development of geothermal resources on state
lands in Alaska. Originally, the bill started out as a
complete negation of all royalty on geothermal. However, in
working with the administration and in the Resources
Committee, understanding was reached that a geothermal
lease still is actually a property right and, therefore,
while geothermal resources themselves are not exportable,
some royalty is necessary to maintain the state's interest
in that the state has issued a lease for the geothermal
resources. There is one major geothermal project currently
being developed on state land.
Mr. Pawlowski related that Section 1 of the bill
establishes a federal royalty rate of 1.75 percent on gross
income for the first ten years, followed by 3.5 percent of
gross income for the following ten years. The goal of the
bill is to find a rational royalty regime that attracts
development and ensures a fair return to the state.
9:36:32 AM
Co-Chair Stedman asked how many geothermal facilities in
the state pay a royalty. Mr. Pawlowski said that there
currently were none. Several projects under development are
not on state land.
Co-Chair Stedman requested an explanation of what
geothermal energy is and what happens after it is
extracted. Mr. Pawlowski understood that geothermal energy
comes from hot rocks in the ground. Water under pressure
flows upwards and drives turbans producing electricity. The
water is re-injected to maintain pressure.
Co-Chair Stedman summarized that it was "hot water" and the
hotter the water, the more value it has. As long as the
water is re-injected into the ground there is no loss of
the resource.
Co-Chair Stedman recalled a discussion about California
where water is not re-injected and there are depletion
issues in reservoirs. Mr. Pawlowski reported that there was
an extensive discussion of this topic with the Department
of Natural Resources and with the Alaska Oil and Gas
Conservation Commission.
9:38:55 AM
Co-Chair Hoffman asked for more information about a
geothermal project in Anchorage. Mr. Pawlowski replied that
it is Ormat Technology's Mt. Spurr Project. Co-Chair
Hoffman asked how much revenue would come to the state in
the first ten years from that project, under this
legislation. Mr. Pawlowski referred to information in the
packets which calculates the revenue over the first 25
years. Co-Chair Hoffman asked what that total would be. Mr.
Pawlowski said it would be $38 million.
Co-Chair Hoffman asked how the tax on natural gas is
calculated. Mr. Pawlowski clarified that the tax on natural
gas in Cook Inlet is calculated as a royalty. The lease of
land for geothermal land is, in effect, a property right,
and a certain amount of royalty is in the state's best
interest, which is why the federal rate of 1.75 percent is
used. Under current law the rate is 10 to 15 percent.
9:40:40 AM
Co-Chair Stedman asked for a definition of "geothermal land
lease" versus "volume of water use". Mr. Pawlowski related
that for a geothermal lease, a specific land area is leased
and the right to develop the geothermal resource is
conferred. He could not explain the volumetric development
of a geothermal resource.
Senator Olson spoke of the modification of the federal rate
and wondered if other geothermal projects would receive the
same break. Mr. Pawlowski referred to Section 2, page 2,
lines 3 - 5, which directs the Commissioner of the
Department of Natural Resources to offer the royalty rates
to any exiting lessee.
Co-Chair Stedman noted two zero fiscal notes, one from the
Department of Revenue and one from the Department of
Natural Resources.
9:42:37 AM
PAUL THOMSEN, DIRECTOR, ORMAT TECHNOLOGY, (via
teleconference), related that his company has leased the
acreage of Mt. Spurr in order to develop the first
commercial geothermal power plant in Alaska. He spoke in
support of the bill. He agreed with bringing the royalty
rate down to the federal level in order to allow the
development to be more competitive and allow a savings to
ratepayers.
Senator Olson asked what the risks to the project are if
the bill does not get passed. Mr. Thomsen explained that
since they do not export and they are operating in a
regulated market, if the royalty rate is high, then a
higher rate will be charged to the utility. He said if rate
is where it is today, it would require the utility to fund
a power purchase price at 14 cents. The project already has
a low rate of return. He maintained that the ratepayers are
looking for a lower range.
Senator Olson asked where else in the United States there
are geothermal projects and what their royalty rates are.
Mr. Thomsen replied that there are power projects in
Hawaii, California, and Nevada. There are also third-party
projects in Wyoming and Utah. Almost all are on federal
lands operated by the Bureau of Land Management and pay
federal royalty rates. California and Hawaii are
exceptions. California has a very high royalty rate of 10
percent, but on a very small project. Western states tend
to have a high state royalty rates.
9:47:18 AM
CATHY FOERSTER, ENGINEERING COMMISSIONER, ALASKA OIL AND
GAS CONSERVATION (AOGCC), (via teleconference), explained
that the royalty portion of the bill does not affect AOGCC.
The part of the bill that does affect AOGCC transfers some,
but not all, authority for the regulation of geothermal
operations from DNR to AOGCC. The authorities transferred
are the authority to regulate drilling and production
operations, the authority to protect correlative rights,
and the authority to prevent physical waste of the
resource. The DNR will retain its authorities over
correlative rights and prevention of waste pertaining to
state lands. These authorities are consistent with AOGCC
oil and gas operations.
Ms. Foerster continued to say that AOGCC already has in
place the expertise to take on these authorities. Most
importantly, AOGCC has experienced drilling engineers who
know what to look for when approving a drilling or well
work permit to ensure safety and good operational
practices, and experienced field inspectors.
Co-Chair Stedman pointed out that the bill before the
committee is Version E, the original bill. He requested
comments on the lease rates.
9:50:05 AM
Ms. Foerster addressed the question about the impact on
geothermal operations if the bill does not pass. She noted
that there would be an additional cost to DNR to hire a
contract for the needed expertise previously described.
Co-Chair Stedman clarified that the bill would be set aside
and brought back later.
9:50:52 AM
KEVIN BANKS, DIRECTOR, DIVISION OF OIL AND GAS, DEPARTMENT
OF NATURAL RESOURCES (via teleconference), explained DNR's
involvement and how the bill would affect the department.
He related that DNR has the authority to manage geothermal
lands in Alaska and to take care of safety issues related
to geothermal drilling. The current bill would create a
situation where DNR would be competitive with federal lands
that could be developed for geothermal resources. He
acknowledged that the economics of a geothermal project
differ substantially from an oil and gas project. The
development of a geothermal resource will depend on
establishing fairly long-term contracts with existing
utilities. The price of the electricity sold to in-state
utilities must be competitive with existing sources of
energy.
Mr. Banks thought that Ormat provided an interesting
discussion of the three parts of their economics and costs.
He offered to discuss those if requested.
Mr. Banks noted that there were 16 previous lease sales on
Mt. Spurr. He said there was a proposal to put forth a best
interest finding on a lease sale at Mt. Augustine. He
pointed out that DNR also has oversight at the Naknek
Project.
9:53:59 AM
Mr. Pawlowski thanked the committee for hearing the bill.
SB 243 was HEARD and HELD in Committee for further
consideration.
SENATE BILL NO. 279
"An Act relating to regulation of residential mortgage
lending, including the licensing of mortgage lenders,
mortgage brokers, and mortgage loan originators, and
compliance with certain federal laws relating to
residential mortgage lending; and providing for an
effective date."
9:54:26 AM
Co-Chair Hoffman MOVED to ADOPT CSSB 279, labeled 26-
LS1295\S, Bannister, 3/19/10.
Co-Chair Stedman OBJECTED.
DARWIN PETERSON, STAFF, CO-CHAIR STEDMAN, SPONSOR, listed
the four changes in Version S, which were suggested by the
Conference of State Bank Supervisors and were shared with
the Department of Law and with the bill's sponsor, Senator
Paskvan. The first change has to do with the approval
authority for education courses. Under the Secure and Fair
Enforcement for Mortgage Licensing (SAFE) Act of 2008,
courses required for pre-licensing and continuing education
courses have to be approved by the registry. The previous
version of the bill had the Department of Law as the
authority that approved those courses. The change is on
page 7, lines 10 and 11, and lines 18 and 19. In the
previous version of the bill there was a subsection (e)
that would have followed line 19, but now has been deleted.
Mr. Peterson turned to the second change which deals with
approval authority for licensing tests. It is found on page
7, lines 23 - 25. The SAFE Act provides that the licensing
test will be developed by SAFE and that the test will cover
both federal and state law. The previous version had
references to two different tests.
Mr. Peterson related that the third change has to do with
disqualifying felony convictions and is found on page 9,
line 20. The previous version of the bill said that if a
person was convicted of a felony that involved an act of
fraud, dishonesty, a breach of trust, or money laundering,
within seven years, the person was disqualified from
licensing for life. Now, a person convicted of any felony
within seven years cannot qualify for a license, and a
person convicted of any felony that involves an act of
fraud, dishonesty, a breach of trust, or money laundering
is disqualified from obtaining a license for life.
Mr. Peterson reported that the fourth change is found in
the definition section of the bill on page 37 and page 40.
The previous version of the bill had two different
definitions for mortgage loan and residential mortgage
loan, which was inconsistent with the SAFE Act.
9:59:21 AM
Senator Thomas asked how the department would establish by
regulation the amount of the required bond as referenced in
Section 14, page 8.
SENATOR JOE PASKVAN, SPONSOR, deferred to his staff.
PATRICE WALSH, DIVISION OF BANKING AND SECURITIES,
DEPARTMENT OF COMMERCE, COMMUNITY & ECONOMIC DEVELOPMENT,
(DCCED), spoke of a planned increase in the bond amount to
about $75,000.
Co-Chair Stedman WITHDREW his OBJECTION to adopting the new
CS. There being NO OBJECTION, it was so ordered.
10:01:46 AM
Senator Egan moved to adopt Amendment 1:
Page 3, line 15, following "of":
Insert "the Internet,"
Page 4, line 3, following "individual":
Insert "seller"
Page 11, line 6:
Delete "suspended, or"
Insert "is suspended, is"
Page 12, following line 1:
Insert a new subsection to read:
"(c) The department shall approve or deny the
application for renewal of a license not later than 60
days after the renewal application is filed."
Page 12, line 22:
Delete "and [,]address[,]"
Insert ",the licensee's address,"
Page 14, line 14, following "department":
Insert "that is made in a record"
Page 20, line 6:
Delete "section"
Insert "chapter"
Page 30, line 19:
Delete "a"
Co-Chair Stedman OBJECTED.
JESSE KIEHL, STAFF, SENATOR EGAN, explained that the
amendment cleans up a few errors and minor technical
issues, clarifies some language, and makes several
substantive changes to the bill. The first change begins on
page 3, line 15, where internet sites are added to the list
of communications that would count as advertising mortgage
loan services. The second change is in Section 20, which
begins on page 11. This change gives the department a 60-
day deadline to act on a renewal application, significantly
longer than the current 30-day deadline. The longer time
frame is appropriate because the new federal law shortens
licenses to one year, instead of two. The third change
appears in Section 30, which is on page 14 of Version S. It
requires the department's approval of a change in control
be provided in a record. That avoids a potential unintended
consequence of verbal approvals being acceptable. The bill
defines "record" very broadly, but it has to be traceable.
Co-Chair Stedman WITHDREW his OBJECTION to Amendment 1.
There being NO OBJECTION, it was so ordered.
10:04:07 AM
Co-Chair Stedman noted one fiscal note from the Department
of Commerce, Community, and Economic Development for
$131,000 to cover the cost of one additional occupational
licensing position.
10:04:33 AM
Co-Chair Hoffman MOVED to report CSSB 279 (FIN) out of
Committee, as amended, with individual recommendations and
the accompanying fiscal note. There being NO OBJECTION, it
was so ordered.
CSSB 279 (FIN) was REPORTED out of Committee with a "do
pass" recommendation and with FN 1 (CED).
SB 305 was SCHEDULED but not HEARD.
ADJOURNMENT
The meeting was adjourned at 10:05 AM.
| Document Name | Date/Time | Subjects |
|---|---|---|
| AHFC Vets Loan Activity.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 217 |
| SB217 AHFC Vets Sec Analysis.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 217 |
| SB 217 Vets Bonds Sponsor Statement.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 217 |
| 00 Sponsor Statement CSSB219.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 219 |
| 04 Summary of Changes_E.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 219 |
| 05 Sectional Analysis.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 219 |
| 06 Alaska Data Graphs.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 219 |
| 07 TBI Scorecard and Dashboard 032009.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 219 |
| 08 Medicaid BrainInjury Program Costs.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 219 |
| 09 StateofAlaska_Services_Congenital_Degenerative_BrainInjury.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 219 |
| 10 Acquired Brain Injury Definition.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 219 |
| 11 Letters of Support.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 219 |
| 13 Summary of Changes_S.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 219 |
| SB 219 Amendment 1.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 219 |
| Explanation of CS SB 279 (S FIN).doc |
SFIN 3/29/2010 9:00:00 AM |
SB 279 |
| SB 279 About the SAFE Act by HUD.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 279 |
| SB 279 Back-Up.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 279 |
| SB 279 Letters of Support.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 279 |
| SB 279 SAFE Mortgage Licensing Act.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 279 |
| SB 279 Sectional Analysis.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 279 |
| SB 279 Sponsor Statement.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 279 |
| SB 279 Talking Points by Lorie Hovanec.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 279 |
| AG Opinion 02.19.10.PDF |
SFIN 3/29/2010 9:00:00 AM |
SB 284 |
| CSSB284(JUD) Sectional Analysis.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 284 |
| Explanation of Changes CSSB284 JUD.doc |
SFIN 3/29/2010 9:00:00 AM |
SB 284 |
| Leg. Legal Opinion 01.25.10.PDF |
SFIN 3/29/2010 9:00:00 AM |
SB 284 |
| Leg. Legal Opinion 03.17.10.PDF |
SFIN 3/29/2010 9:00:00 AM |
SB 284 |
| 00 Sponsor Statement SB 117.pdf |
SFIN 3/29/2010 9:00:00 AM SFIN 4/2/2010 9:00:00 AM |
SB 117 |
| 03 SB 117 Summary of Changes.pdf |
SFIN 3/29/2010 9:00:00 AM SFIN 4/2/2010 9:00:00 AM |
SB 117 |
| 04 SB 117 Sectional Analysis.pdf |
SFIN 3/29/2010 9:00:00 AM SFIN 4/2/2010 9:00:00 AM |
SB 117 |
| 05 Costco Letter SB 117.pdf |
SFIN 3/29/2010 9:00:00 AM SFIN 4/2/2010 9:00:00 AM |
SB 117 |
| 07 Elerding Attachment.pdf |
SFIN 3/29/2010 9:00:00 AM SFIN 4/2/2010 9:00:00 AM |
SB 117 |
| NCSL Ignition Interlock Device.pdf |
SFIN 3/29/2010 9:00:00 AM SFIN 4/2/2010 9:00:00 AM |
SB 239 |
| SB 239 Sponsor Statement.pdf |
SFIN 3/29/2010 9:00:00 AM SFIN 4/2/2010 9:00:00 AM |
SB 239 |
| SB 239 Support Letter APOA.pdf |
SFIN 3/29/2010 9:00:00 AM SFIN 4/2/2010 9:00:00 AM |
SB 239 |
| Akutan Support Letter.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 243 |
| Changes to SB 243 in Version E.docx |
SFIN 3/29/2010 9:00:00 AM |
SB 243 |
| Geothermal Royalty Rates.docx |
SFIN 3/29/2010 9:00:00 AM |
SB 243 |
| Ormat SB242 and SB243 for Senate Resouce Hearing 11-Mar-10 ver0 (2).pptx |
SFIN 3/29/2010 9:00:00 AM |
SB 242 SB 243 |
| SB 243 Sectional.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 243 |
| USGS Geothermal Packet.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 243 |
| HB 300 Budget Amendments 0326Pkt#1.pdf |
SFIN 3/29/2010 9:00:00 AM |
HB 300 |
| HB 300 Buget Amendment Pkt #2 0326.pdf |
SFIN 3/29/2010 9:00:00 AM |
HB 300 |
| SB117-Stedman.pdf |
SFIN 3/29/2010 9:00:00 AM SFIN 4/2/2010 9:00:00 AM |
SB 117 |
| CS Senate Bill 279--Talking Points (S FIN).pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 279 |
| CS for SB 279 (S FIN).pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 279 |
| CSSB217(FIN)-New DOR-AHFC-3-28-10.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 217 |
| SB 217 Proposed CS Version R SFIN 032910.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 217 |
| SB 219 Proposed CS Version P SFIN 032910.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 219 |
| SB 284 amendment 1 032910.pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 284 |
| SB 279 Amendment 1 032910 .pdf |
SFIN 3/29/2010 9:00:00 AM |
SB 279 |