Legislature(1999 - 2000)
1999-04-21 Senate JournalFull Journal pdf
1999-04-21 Senate Journal Page 0987 HB 83 The Labor and Commerce Committee considered 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. Signing do pass: Senator Mackie, Chair, Senators Hoffman, Leman, Tim Kelly. Previous House zero fiscal note. The bill was referred to the Judiciary Committee.