HB 47-MUNICIPAL PERS CONTRIBUTIONS/INTEREST                                                                       
                                                                                                                                
4:25:20 PM                                                                                                                    
CHAIR MEYER called the committee  back to order and announced the                                                               
consideration of  House Bill 47 (HB  47). He noted that  the bill                                                               
has an updated fiscal note.                                                                                                     
                                                                                                                                
4:26:41 PM                                                                                                                    
PAUL   LABOLLE,  Staff,   Representative  Foster,   Alaska  State                                                               
Legislature,  Juneau,  Alaska,   announced  his  availability  to                                                               
address questions regarding the updated fiscal note for HB 47.                                                                  
                                                                                                                                
CHAIR MEYER  said the Senate  Finance Committee will  address the                                                               
bill's fiscal  note. He explained  that the Senate  State Affairs                                                               
Committee  is  more concerned  from  a  policy standpoint  and  a                                                               
legitimate  policy   question  was  previously  brought   up.  He                                                               
remarked that there may be concern  that a precedent will be set;                                                               
however, he  conceded that the sponsor  of HB 47 and  Mr. Labolle                                                               
presented a good case.                                                                                                          
                                                                                                                                
4:27:53 PM                                                                                                                    
SENATOR GIESSEL moved to report HB 47, version 30-LS0281\A from                                                                 
committee with individual recommendations and attached fiscal                                                                   
note.                                                                                                                           
                                                                                                                                
4:28:03 PM                                                                                                                    
CHAIR MEYER announced that there being no objection, the motion                                                                 
carried.