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.                              
                                                                               
HB 123                                                                       
The Labor and Commerce Committee considered CS FOR HOUSE                       
BILL NO. 123(L&C) An Act relating to the exemption from the                    
requirement for payment of minimum wage and overtime                           
compensation for certain volunteers of nonprofit organizations;                
exempting individuals who provide ski patrol services on a voluntary           
basis from the requirement for payment of minimum wage and                     
overtime compensation; and providing for an effective date and                 
recommended it be replaced with                                                
                                                                               
SENATE CS FOR CS FOR HOUSE BILL NO.                                           
123(L&C)