2002-05-02                     Senate Journal                      Page 3129
SB 181                                                                                            
SENATE BILL NO. 181 "An Act making the interest rate for the                                        
Alaska Housing Finance Corporation's small community housing                                        
mortgage loans the same as the interest rate on mortgage loans                                      
purchased under the corporation's special mortgage loan purchase                                    
program from the proceeds of the most recent applicable issue of                                    
taxable bonds before the origination or purchase of the small                                       
community housing mortgage loans" was read the second time.                                         
                                                                                                    
Senator Donley, Cochair, moved and asked unanimous consent for the                                  
adoption of the Finance Committee Substitute offered on page 2920.                                  
Without objection, CS FOR SENATE BILL NO. 181(FIN) "An Act                                          
relating to the use of money from the housing assistance loan fund, to                              
loans for teacher housing in small communities, and to the interest rate                            
on loans originated or purchased by the Alaska Housing Finance                                      
Corporation for small community housing; and providing for an                                       
effective date" was adopted and read the second time.                                               

2002-05-02                     Senate Journal                      Page 3130
Senator Leman moved and asked unanimous consent that the bill be                                    
considered engrossed, advanced to third reading and placed on final                                 
passage. Without objection, it was so ordered.                                                      
                                                                                                    
CS FOR SENATE BILL NO. 181(FIN) was read the third time.                                            
                                                                                                    
Senators Phillips, Ward, Kelly moved and asked unanimous consent to                                 
abstain from voting because of a conflict of interest. Objections were                              
heard and Senators Phillips, Ward, Kelly were required to vote.                                     
                                                                                                    
The question being: "Shall CS FOR SENATE BILL NO. 181(FIN)                                          
"An Act relating to the use of money from the housing assistance loan                               
fund, to loans for teacher housing in small communities, and to the                                 
interest rate on loans originated or purchased by the Alaska Housing                                
Finance Corporation for small community housing; and providing for                                  
an effective date" pass the Senate?" The roll was taken with the                                    
following result:                                                                                   
                                                                                                    
CSSB 181(FIN)                                                                                       
Third Reading - Final Passage                                                                       
Effective Date                                                                                      
                                                                                                    
YEAS:  18   NAYS:  0   EXCUSED:  1   ABSENT:  1                                                   
                                                                                                    
Yeas:  Austerman, Cowdery, Donley, Ellis, Elton, Green, Halford,                                    
Hoffman, Kelly, Leman, Olson, Phillips, Stevens, Taylor, Therriault,                                
Torgerson, Ward, Wilken                                                                             
                                                                                                    
Excused:  Davis                                                                                     
                                                                                                    
Absent:  Lincoln                                                                                    
                                                                                                    
and so, CS FOR SENATE BILL NO. 181(FIN) passed the Senate.                                          
                                                                                                    
Senator Leman moved and asked unanimous consent that the vote on                                    
the passage of the bill be considered the vote on the effective date                                
clause. Without objection, it was so ordered.                                                       
                                                                                                    
Senator Hoffman gave notice of reconsideration.