2000-04-19                     House Journal                      Page 3325
HB 281                                                                       
The Finance Committee has considered:                                          
                                                                               
HOUSE BILL NO. 281                                                            
"An Act providing for the issuance of general obligation bonds in             
the amount of $665,000,000 for the purposes of paying the cost of              
design, construction, and renovation of public elementary and                  
secondary schools, renovation of state buildings, capital                      
improvements at the University of Alaska, and capital                          
improvements to state harbors; and providing for an effective                  
date."                                                                         
                                                                               
                                                                               
and recommends it be replaced with:                                            
                                                                               
CS FOR HOUSE BILL NO. 281(FIN)                                                
"An Act relating to the financing of construction of public school            
facilities, facilities for the University of Alaska, and facilities for        
                                                                               

2000-04-19                     House Journal                      Page 3326
HB 281                                                                       
ports and harbors; authorizing the commissioner of revenue to sell            
the right to receive a portion of the anticipated revenue from a               
certain tobacco litigation settlement to the Alaska Housing Finance            
Corporation; relating to the deposit of certain anticipated revenue            
from a certain tobacco litigation settlement; authorizing the                  
issuance of bonds by the Alaska Housing Finance Corporation                    
with proceeds to finance public school construction, facilities for            
the University of Alaska, and facilities for ports and harbors;                
providing for the creation of subsidiary corporations of the Alaska            
Housing Finance Corporation for the purpose of financing or                    
facilitating the financing of public school construction, facilities           
for the University of Alaska, and facilities for ports and harbors;            
and providing for an effective date."                                          
                                                                               
The report was signed by Representatives Mulder and Therriault, Co-            
chairs, with the following individual recommendations:                         
                                                                               
Do pass (7):  Davis, Phillips, Williams, Austerman, Bunde, Mulder,             
Foster                                                                         
                                                                               
No recommendation (2):  Moses, Therriault                                      
                                                                               
Amend (2):  Davies, Grussendorf                                                
                                                                               
The following fiscal notes apply to CSHB 281(FIN):                             
                                                                               
Fiscal notes (2), Dept. of Revenue, 4/19/00                                    
                                                                               
HB 281 was referred to the Rules Committee for placement on the                
calendar.