01/12/2000 11:22 AM Senate RLS

                SENATE RULES COMMITTEE                                                                                          
                   January 12, 2000                                                                                             
                      11:22 a.m.                                                                                                
                                                                                                                                
MEMBERS PRESENT                                                                                                                 
                                                                                                                                
Senator Tim Kelly, Chair                                                                                                        
Senator Loren Leman, Vice Chair                                                                                                 
Senator Mike Miller                                                                                                             
Senator Drue Pearce                                                                                                             
Senator Johnny Ellis                                                                                                            
                                                                                                                                
MEMBERS ABSENT                                                                                                                  
                                                                                                                                
None                                                                                                                            
                                                                                                                                
COMMITTEE CALENDAR                                                                                                              
                                                                                                                                
SENATE BILL NO. 162                                                                                                             
"An Act relating to the rule against perpetuities, nonvested                                                                    
property interests, and powers of appointment; and providing for an                                                             
effective date."                                                                                                                
     -MOVED ALL VERSIONS OF SB 162 OUT OF COMMITTEE                                                                             
                                                                                                                                
SENATE BILL NO. 166                                                                                                             
"An Act relating to the amendment and revocation of spouses'                                                                    
community property agreements and community property trusts; and                                                                
providing for an effective date."                                                                                               
     -MOVED ALL VERSIONS OF SB 166  OUT OF COMMITTEE                                                                            
                                                                                                                                
PREVIOUS SENATE COMMITTEE ACTION                                                                                                
                                                                                                                                
SB 162 - See Judiciary Committee minutes dated 5/3/99, 5/11/99,                                                                 
5/12/99 and 5/13/99.                                                                                                            
                                                                                                                                
SB 166 - See Judiciary Committee minutes dated 5/11/99 and 5/12/99.                                                             
                                                                                                                                
ACTION NARRATIVE                                                                                                                
                                                                                                                                
TAPE 00-1, SIDE A                                                                                                               
Number 000                                                                                                                      
                                                                                                                                
CHAIRMAN KELLY called the Senate Rules Committee meeting to order                                                               
at 11:22 a.m.  All members were present.                                                                                        
                                                                                                                                
                                                                                                                                
                SB 162-RULE AGAINST PERPETUITIES                                                                                
           SB 166-COMMUNITY PROPERTY AGREEMENT/TRUSTS                                                                           
                                                                                                                                
CHAIRMAN KELLY announced that SB 162 and SB 166 were held during                                                                
the interim in case any opposition emerged.  No opposition to                                                                   
either bill was expressed.  According to Senator Taylor, chairman                                                               
of the Senate Judiciary Committee, SB 162 and SB 166 are designed                                                               
to strengthen Alaska trust law.                                                                                                 
                                                                                                                                
VICE-CHAIR LEMAN moved to report all versions of SB 162 and SB 166                                                              
for calendaring.  There being no objection, the motion carried.                                                                 
                                                                                                                                
There being no further business to come before the Senate Rules                                                                 
Committee, CHAIRMAN KELLY adjourned the meeting at 11:23 a.m.