Legislature(1997 - 1998)
1998-04-06 Senate Journal
Full Journal pdf1998-04-06 Senate Journal Page 3164 SB 223 CS FOR SENATE BILL NO. 223(FIN) An Act relating to the age requirement for purposes of senior housing programs and requiring the Alaska Housing Finance Corporation to establish the age requirement, which may not be less than 55 years of age, for occupants of certain senior housing; relating to the senior housing revolving fund; providing that the senior housing bond account consists of money appropriated to the account and interest earned on money appropriated to the account; providing that the Alaska Housing Finance Corporation may use money in the senior housing bond account only in accordance with an appropriation of the money; repealing the senior housing bond account on June 30, 1999; relating to bonds to fund senior housing loans; and repealing a provision relating to the interest rate on senior housing loans made by the Alaska Housing Finance Corporation was read the third time. 1998-04-06 Senate Journal Page 3165 SB 223 Senator Duncan moved that the bill be returned to second reading for the purpose of a specific amendment, that being Amendment No. 1. Without objection, the bill was returned to second reading. Senator Duncan offered Amendment No. 1 : Page 1, lines 4 - 9: Delete all material. Insert "certain senior housing; relating to the senior housing revolving fund; repealing the senior housing bond account; relating to bonds to fund" Page 2, line 31, through page 3, line 13: Delete all material. Renumber the following bill sections accordingly. Page 4, line 7: Delete "and 18.56.790(c)" Insert "18.56.790(c), and 18.56.790(d)" Page 4, line 8: Delete all material. Page 4, following line 8: Insert a new bill section to read: "* Sec. 8. All assets in the senior housing bond account (AS 18.56.790(d)) on the effective date of this Act are transferred to the senior housing revolving fund (AS 18.56.710)." Senator Duncan moved for the adoption of Amendment No. 1. Senator Sharp objected. Senator Kelly moved and asked unanimous consent that the bill with Amendment No. 1 pending be held to the April 8 calendar. Without objection, it was so ordered. 1998-04-06 Senate Journal Page 3166 SB 223 Senator Kelly moved and asked unanimous consent that the bill with Amendment No. 1 pending be held to the April 7 calendar. Without objection, it was so ordered. CS FOR SENATE BILL NO. 223(FIN) will be on the April 7 calendar.