05/08/2026 09:00 AM Senate FINANCE

                 SENATE FINANCE COMMITTEE                                                                                       
                        May 8, 2026                                                                                             
                         9:06 a.m.                                                                                              
                                                                                                                                
9:06:02 AM                                                                                                                    
                                                                                                                                
CALL TO ORDER                                                                                                                 
                                                                                                                                
Co-Chair Hoffman called the Senate Finance Committee                                                                            
meeting to order at 9:06 a.m.                                                                                                   
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Senator Lyman Hoffman, Co-Chair                                                                                                 
Senator Bert Stedman, Co-Chair                                                                                                  
Senator Mike Cronk                                                                                                              
Senator James Kaufman                                                                                                           
Senator Jesse Kiehl                                                                                                             
Senator Kelly Merrick                                                                                                           
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
Senator Donny Olson, Co-Chair                                                                                                   
                                                                                                                                
ALSO PRESENT                                                                                                                  
                                                                                                                                
Liz Harpold, Staff, Senator Donny Olson                                                                                         
                                                                                                                                
SUMMARY                                                                                                                       
                                                                                                                                
SB 162    SPECIE AS LEGAL TENDER                                                                                                
                                                                                                                                
          SB 162  was REPORTED  out of committee  with three                                                                    
          "do     pass"    recommendations,     three    "no                                                                    
          recommendations",   and    with   two   previously                                                                    
          published  zero fiscal  notes: FN1  (CED) and  FN2                                                                    
          (ADM).                                                                                                                
                                                                                                                                
HB 10am(efd add)                                                                                                                
         ADD FACULTY MEMBER UNIV BOARD OF REGENTS                                                                               
                                                                                                                                
          SCS HB 10(FIN) was  REPORTED out of committee with                                                                    
          four   "do   pass"    recommendations,   two   "no                                                                    
          recommendations", and  one new fiscal  impact note                                                                    
          from the University of Alaska.                                                                                        
                                                                                                                                
SENATE BILL NO. 162                                                                                                           
     "An Act relating to specie as legal tender in the                                                                          
     state; and relating to borough and city sales and use                                                                      
     taxes on specie."                                                                                                          
                                                                                                                                
9:07:04 AM                                                                                                                    
                                                                                                                                
Co-Chair Stedman MOVED to REPORT  SB 162 from committee with                                                                    
individual recommendations and  attached fiscal notes. There                                                                    
being NO OBJECTION, it was so ordered.                                                                                          
                                                                                                                                
SB 162  was REPORTED out  of committee with three  "do pass"                                                                    
recommendations,  three "no  recommendations", and  with two                                                                    
previously published  zero fiscal  notes: FN1 (CED)  and FN2                                                                    
(ADM).                                                                                                                          
                                                                                                                                
HOUSE BILL NO. 10 am(efd add)                                                                                                 
                                                                                                                                
     "An Act relating to the Board of Regents of the                                                                            
     University of Alaska; and providing for an effective                                                                       
     date."                                                                                                                     
                                                                                                                                
9:08:01 AM                                                                                                                    
                                                                                                                                
Co-Chair  Stedman MOVED  to ADOPT  the committee  substitute                                                                    
foe  HB 10am(efd  add),  Work  Draft 34-LA0171\I  (Bergerud,                                                                    
5/7/26).                                                                                                                        
                                                                                                                                
Co-Chair Hoffman OBJECTED for discussion.                                                                                       
                                                                                                                                
9:08:13 AM                                                                                                                    
                                                                                                                                
LIZ  HARPOLD,  STAFF,  SENATOR DONNY  OLSON,  addressed  the                                                                    
Explanation of Changes (copy on file):                                                                                          
                                                                                                                                
     Section 11: Updates date to February 1, 2027.                                                                              
     Section 12: Updates date to February 1, 2033.                                                                              
                                                                                                                                
Co-Chair  Hoffman  REMOVED  his objection.  There  being  NO                                                                    
OBJECTION, it was so ordered.                                                                                                   
                                                                                                                                
Co-Chair  Stedman  MOVED  to  REPORT  SCS  HB  10(FIN)  from                                                                    
committee  with  individual   recommendations  and  attached                                                                    
fiscal note.                                                                                                                    
                                                                                                                                
SCS HB 10(FIN)  was REPORTED out of committee  with four "do                                                                    
pass"  recommendations, two  "no  recommendations", and  one                                                                    
new fiscal impact note from the University of Alaska.                                                                           
ADJOURNMENT                                                                                                                   
9:09:22 AM                                                                                                                    
                                                                                                                                
The meeting was adjourned at 9:09 a.m.