SENATE RULES COMMITTEE                                                                                          
                     May 17, 1999                                                                                               
                      10:50 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                                                                                                              
                                                                                                                                
HOUSE BILL NO. 79                                                                                                               
"An Act relating to letters of credit under the Uniform Commercial                                                              
Code; and providing for an effective date."                                                                                     
     -MOVED HB 79 OUT OF COMMITTEE                                                                                              
                                                                                                                                
CS FOR HOUSE BILL NO. 83(JUD)(title am)                                                                                         
"An Act relating to certain securities occupations and investment                                                               
pools; relating, with regard to the Alaska Securities Act, to                                                                   
federal covered securities, the registration of securities, the                                                                 
general exemptions for securities and transactions, Internet offers                                                             
of securities and transactions, file confidentiality, petitions to                                                              
superior court by the administrator to reduce civil penalties to                                                                
judgment, time limits for bringing court actions for violations,                                                                
administrator-established fees and administrator-required                                                                       
reimbursements, consent to service, title, sales, purchases, offers                                                             
to sell, and offers to purchase; exempting certain violations of                                                                
the Alaska Securities Act from criminal penalties; amending or                                                                  
repealing certain current definitions in the Alaska Securities Act;                                                             
providing new Alaska Securities Act definitions for certain                                                                     
securities occupations, for certain federal statutes, and for the                                                               
terms 'advisory client,' 'advisory fee,' 'advisory services,'                                                                   
'clients who are natural persons,' 'federal covered security,'                                                                  
'investment advisory business,' 'investment advisory contract,'                                                                 
'NASDAQ,' 'notice filing,' 'place of business,' 'principal place of                                                             
business,' 'securities business,' 'substantial portion of the                                                                   
business,' and 'supervised person'; and providing for an effective                                                              
date."                                                                                                                          
     -MOVED CSHB 83(JUD)(title am) OUT OF COMMITTEE                                                                             
                                                                                                                                
CS FOR HOUSE BILL NO. 158(L&C)                                                                                                  
"An Act relating to the annual report of the director of the                                                                    
division of insurance and to notice of cancellation of personal                                                                 
insurance."                                                                                                                     
     -MOVED CSHB 158(L&C) OUT OF COMMITTEE                                                                                      
                                                                                                                                
CS FOR HOUSE BILL NO. 225(JUD)                                                                                                  
"An Act relating to election campaigns and legislative ethics; and                                                              
providing for an effective date."                                                                                               
     -MOVED CSHB 225(JUD) OUT OF COMMITTEE                                                                                      
                                                                                                                                
PREVIOUS SENATE COMMITTEE ACTION                                                                                                
                                                                                                                                
HB 79 - See Labor and Commerce Committee minutes dated 5/6/99.                                                                  
                                                                                                                                
HB 83 - See Labor and Commerce minutes dated 4/20/99 and Judiciary                                                              
minutes dated 5/3/99.                                                                                                           
                                                                                                                                
HB 158 - See Labor and Commerce Committee minutes dated 5/14/99.                                                                
                                                                                                                                
HB 225 - See Judiciary minutes dated 5/14/99 and 5/15/99.                                                                       
                                                                                                                                
ACTION NARRATIVE                                                                                                                
                                                                                                                                
TAPE 99-10, SIDE A                                                                                                              
                                                                                                                                
CHAIRMAN KELLY called the Senate Rules Committee meeting to order                                                               
at 10:50 a.m.  All members were present.                                                                                        
                                                                                                                                
SENATOR LEMAN moved to calendar HB 79-UNIFORM COMMERCIAL CODE:                                                                  
LETTERS OF CREDIT.  There being no objection, the motion carried.                                                               
                                                                                                                                
SENATOR LEMAN moved to calendar CSHB 83(JUD)(title am)-ALASKA                                                                   
SECURITIES ACT.  There being no objection, the motion carried.                                                                  
                                                                                                                                
SENATOR LEMAN moved to calendar CSHB 158(L&C)-NOTICE OF INS.                                                                    
CANCELLATION TO ELDERLY.  There being no objection, the motion                                                                  
carried.                                                                                                                        
                                                                                                                                
SENATOR LEMAN moved to calendar CSHB 225(JUD)-CAMPAIGN FINANCE AND                                                              
LEGISLATIVE ETHICS.  SENATOR ELLIS objected.  The motion carried                                                                
with Senators Miller, Pearce, Leman, and Kelly voting "yea," and                                                                
Senator Ellis voting "nay."                                                                                                     
                                                                                                                                
CHAIRMAN KELLY announced a meeting will occur upon recess of the                                                                
Senate floor session and adjourned the meeting at 10:53 a.m.