2000-05-01                     Senate Journal                      Page 3656
HB 281                                                                       
CS FOR HOUSE BILL NO. 281(FIN) am An Act relating to the                       
financing of construction of public school facilities, facilities for the      
University of Alaska, and facilities for 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 was read the            
second time.                                                                   
                                                                               
Senator Torgerson, Cochair, moved and asked unanimous consent for              
the adoption of the Finance Senate Committee Substitute offered on             
page 3650. Senator Phillips objected, then withdrew his objection.             
There being no further objections, SENATE CS FOR 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 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, public housing          
facilities of the Alaska Housing Finance Corporation, and facilities           
for ports and harbors; providing for the creation of subsidiary                
corporations  of  the  Alaska  Housing  Finance  Corporation for the           
                                                                               

2000-05-01                     Senate Journal                      Page 3657
HB 281                                                                       
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 (technical title        
change) was adopted and read the second time.                                  
                                                                               
SENATE CS FOR CS FOR HOUSE BILL NO. 281(FIN) will appear                       
on the May 2 calendar.