Legislature(2023 - 2024)SENATE FINANCE 532

04/18/2024 09:00 AM Senate FINANCE

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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ Bills Previously Heard/Scheduled: TELECONFERENCED
+= SB 259 COMPENSATION FOR CERTAIN STATE EMPLOYEES TELECONFERENCED
Moved CSSB 259(FIN) Out of Committee
+= SB 85 PERM FUND; EMPLOYMENT; ELIGIBILITY TELECONFERENCED
Heard & Held
+= SB 125 AK HOUSING FINANCE CORP: SUSTAIN ENERGY TELECONFERENCED
Heard & Held
                 SENATE FINANCE COMMITTEE                                                                                       
                      April 18, 2024                                                                                            
                         9:02 a.m.                                                                                              
                                                                                                                                
9:02:58 AM                                                                                                                    
                                                                                                                                
CALL TO ORDER                                                                                                                 
                                                                                                                                
Co-Chair Stedman called the Senate Finance Committee                                                                            
meeting to order at 9:02 a.m.                                                                                                   
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Senator Bert Stedman, Co-Chair                                                                                                  
Senator Click Bishop                                                                                                            
Senator Jesse Kiehl                                                                                                             
Senator Kelly Merrick                                                                                                           
Senator David Wilson                                                                                                            
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
Senator Lyman Hoffman, Co-Chair                                                                                                 
Senator Donny Olson, Co-Chair                                                                                                   
                                                                                                                                
ALSO PRESENT                                                                                                                  
                                                                                                                                
Ken Alper, Staff to Senator Donny Olson;                                                                                        
                                                                                                                                
PRESENT VIA TELECONFERENCE                                                                                                    
                                                                                                                                
                                                                                                                                
SUMMARY                                                                                                                       
                                                                                                                                
SB 85     PERM FUND; EMPLOYMENT; ELIGIBILITY                                                                                    
                                                                                                                                
          SB 85 was heard and HELD in Committee for further                                                                     
          consideration.                                                                                                        
                                                                                                                                
SB 125    AK HOUSING FINANCE CORP: SUSTAIN ENERGY                                                                               
                                                                                                                                
          SB 125 was heard and HELD in Committee for                                                                            
          further consideration.                                                                                                
                                                                                                                                
SB 259    COMPENSATION FOR CERTAIN STATE EMPLOYEES                                                                              
                                                                                                                              
          CSSB 259 was REPORTED  out of committee as amended                                                                    
          with three "do pass"  recommendations and with two                                                                    
          "no recommendation" recommendations,  and with one                                                                    
          new  fiscal  impact  note from  the  Governor  and                                                                    
          Various departments.                                                                                                  
                                                                                                                                
Co-Chair Stedman discussed the agenda.                                                                                          
                                                                                                                                
SENATE BILL NO. 259                                                                                                           
                                                                                                                                
     "An Act relating to the basic salary schedule for                                                                          
     compensation of state employees; and providing for an                                                                      
     effective date."                                                                                                           
                                                                                                                                
9:04:01 AM                                                                                                                    
                                                                                                                                
Co-Chair Stedman relayed that  the committee had first heard                                                                    
SB 259 on March 25, and  had taken public testimony on April                                                                    
17, 2024.                                                                                                                       
                                                                                                                                
9:04:58 AM                                                                                                                    
                                                                                                                                
KEN  ALPER,  STAFF  TO SENATOR  DONNY  OLSON,  recalled  the                                                                    
changes to  the committee substitute, which  had removed the                                                                    
retroactivity provision.  The new fiscal note  reflected the                                                                    
change. He noted that there  was a single fiscal note across                                                                    
all agencies.                                                                                                                   
                                                                                                                                
Senator  Kiehl   MOVED  to  report  CSSB   259(FIN)  out  of                                                                    
Committee  as amended  with  individual recommendations  and                                                                    
the accompanying  fiscal note. There being  NO OBJECTION, it                                                                    
was so ordered.                                                                                                                 
                                                                                                                                
CSSB  259 was  REPORTED  out of  committee  as amended  with                                                                    
three   "do  pass"   recommendations   and   with  two    no                                                                    
recommendation   recommendations, and  with  one new  fiscal                                                                    
impact note from the Governor and Various departments.                                                                          
                                                                                                                                
SENATE BILL NO. 85                                                                                                            
                                                                                                                                
     "An  Act   relating  to   record  checks   for  certain                                                                    
     employees  of the  Department of  Revenue; relating  to                                                                    
     permanent   fund  dividends;   and  providing   for  an                                                                    
     effective date."                                                                                                           
                                                                                                                                
9:06:22 AM                                                                                                                    
                                                                                                                                
Co-Chair Stedman  noted that the  bill had first  been heard                                                                    
on  February 26,  2024 at  which time  public testimony  had                                                                    
been taken.                                                                                                                     
                                                                                                                                
Senator Merrick  MOVED proposed committee substitute  for SB
85, Work Draft 33-GS1337\U (Nauman, 3/25/24).                                                                                   
                                                                                                                                
Co-Chair Stedman OBJECTED for discussion.                                                                                       
                                                                                                                                
Mr. Alper said  that the bill provided   clean up  regarding                                                                    
administration of the Permanent  Fund Dividend (PFD) both in                                                                    
the area  of allowable absences  for application as  well as                                                                    
Merchant Marines  when they were  at academy. The  bill also                                                                    
spoke to  background checks for  APFC employees.  He relayed                                                                    
that  the  public  list  of PFD  applicant  names  had  been                                                                    
problematic, and  the CS would make  that list confidential.                                                                    
The effective date had also been updated.                                                                                       
                                                                                                                                
9:09:07 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
9:09:13 AM                                                                                                                    
RECONVNED                                                                                                                       
                                                                                                                                
Co-Chair  Stedman WITHDREW  his  objection.  There being  NO                                                                    
OBJECTION, it was so ordered.                                                                                                   
                                                                                                                                
SB  85  was   heard  and  HELD  in   Committee  for  further                                                                    
consideration.                                                                                                                  
                                                                                                                                
SENATE BILL NO. 125                                                                                                           
                                                                                                                                
     "An Act relating to subsidiary corporations of the                                                                         
     Alaska Housing Finance Corporation; and establishing                                                                       
     the Alaska energy independence fund."                                                                                      
                                                                                                                                
9:09:38 AM                                                                                                                    
                                                                                                                                
Co-Chair Stedman  relayed that  the committee had  heard the                                                                    
bill on May 5, 2024 at  which time public testimony had been                                                                    
taken.                                                                                                                          
                                                                                                                                
Senator Wilson MOVED to  ADOPT proposed committee substitute                                                                    
for SB 125, Work Draft 33-GS1074\U (Walsh, 4/9/24).                                                                             
Co-Chair Stedman OBJECTED for discussion.                                                                                       
                                                                                                                                
Mr.  Alper shared  the  bills  history.  He  noted that  the                                                                    
current   CS   made   several  small   changes.   The   word                                                                    
"affordable" had  been removed  to indicate that  housing of                                                                    
all types  would be  worked on  with the  understanding that                                                                    
there was a  need for a variety of housing  options. He said                                                                    
that language  in the New Fund  section of Section 3  of the                                                                    
bill had  been added that said  that subsidiary corporations                                                                    
should prioritize residential and commercial buildings.                                                                         
                                                                                                                                
Co-Chair  Stedman WITHDREW  his  objection.  There being  NO                                                                    
OBJECTION, it was so ordered.                                                                                                   
                                                                                                                                
SB  125  was  heard  and   HELD  in  Committee  for  further                                                                    
consideration.                                                                                                                  
                                                                                                                                
Co-Chair Stedman discussed housekeeping.                                                                                        
                                                                                                                                
ADJOURNMENT                                                                                                                   
9:13:19 AM                                                                                                                    
                                                                                                                                
The meeting was adjourned at 9:13 a.m.                                                                                          

Document Name Date/Time Subjects
SB 85 DOR PFD 011224.pdf SFIN 4/18/2024 9:00:00 AM
SB 85
SB 125 DOR AHFC 020824.pdf SFIN 4/18/2024 9:00:00 AM
SB 125
SB 125 DCCED AEA 122923.pdf SFIN 4/18/2024 9:00:00 AM
SB 125
SB 125 DCCED SIDEA 122623.pdf SFIN 4/18/2024 9:00:00 AM
SB 125
SB 125 DOA DOF 020224.pdf SFIN 4/18/2024 9:00:00 AM
SB 125
SB 85 CS in SFin summary of changes 4-18-24.pdf SFIN 4/18/2024 9:00:00 AM
SB 85
SB 85 work draft version U.pdf SFIN 4/18/2024 9:00:00 AM
SB 85
SB125 3rd CS in SFin summary of changes 4-18-24.pdf SFIN 4/18/2024 9:00:00 AM
SB 125
SB 125 work draft version U.pdf SFIN 4/18/2024 9:00:00 AM
SB 125