2001-03-22                     House Journal                      Page 0689
HB 204                                                                                            
HOUSE BILL NO. 204 by the House Rules Committee by request of                                       
the Governor, entitled:                                                                             
                                                                                                    
    "An Act relating to the Alaska Commission on Postsecondary                                      
    Education and the Alaska Student Loan Corporation; relating to                                  
    student financial aid programs and the financing of those                                       
    programs; establishing the Alaska Advantage Loan Program and                                    
    the Alaska Supplemental Education Loan Program; increasing the                                  
    bonding authorization of the Alaska Student Loan Corporation;                                   
    providing for liens resulting from a default under AS 14.43 or AS                               
    14.44; relating to the duties of the recorder regarding those liens;                            
    relating to defaults under the Western Regional Higher Education                                
    Compact; relating to the prohibition on discrimination regarding                                
    programs under AS 14.43; relating to fees for the review of certain                             
    postsecondary institutions; making conforming amendments; and                                   
    providing for an effective date."                                                               
                                                                                                    
was read the first time and referred to the House Special Committee on                              
Education and the Health, Education & Social Services and Finance                                   
Committees.                                                                                         
                                                                                                    
The following fiscal note(s) apply:                                                                 
                                                                                                    
1.  Fiscal, Dept. of Education & Early Development                                                  
                                                                                                    
The Governor's transmittal letter dated March 20, 2001, appears                                     
below:                                                                                              
                                                                                                    
"Dear Speaker Porter:                                                                               
                                                                                                    
Alaska's student loan program has achieved great success in the past                                
few years.  The Commission on Postsecondary Education and the                                       
Alaska Student Loan Corporation have turned the program around --                                   
running it in the black for the first time in history and paying a                                  
dividend back to the state.  This year the dividend payment is $2.2                                 
million with another $4 million expected for fiscal year 2002.  All of                              
this while serving over 90,000 Alaska student loan customers with                                   
$615 million in loans.