2006-03-27                     House Journal                      Page 2887
HB 278                                                                                            
The Finance Committee has considered:                                                               
                                                                                                    
     HOUSE BILL NO. 278                                                                             
     "An Act relating to the Alaska Municipal Bond Bank Authority;                                  
     permitting the Alaska Municipal Bond Bank Authority or a                                       
     subsidiary of the authority to assist state and municipal                                      
     governmental employers by issuing bonds and other commercial                                   
     paper to enable the governmental employers to prepay all or a                                  
     portion of the governmental employers' shares of the unfunded                                  
     accrued actuarial liabilities of retirement systems and authorizing                            
     governmental employers to contract with and to issue bonds,                                    
     notes, or commercial paper to the authority or its subsidiary                                  
     corporation for that purpose; and providing for an effective date."                            
                                                                                                    
and recommends it be replaced with:                                                                 
                                                                                                    
     CS FOR HOUSE BILL NO. 278(FIN)                                                                 
     "An Act relating to accrued actuarial liabilities of government                                
     retirement systems; relating to the Alaska Municipal Bond Bank                                 
     Authority; permitting the Alaska Municipal Bond Bank Authority                                 
     or a subsidiary of the authority to assist state and municipal                                 
     governmental employers by issuing bonds and other commercial                                   
     paper to enable the governmental employers to prepay all or a                                  
     portion of the governmental employers' shares of the unfunded                                  
     accrued actuarial liabilities of retirement systems and authorizing                            
     governmental employers to contract with and to issue bonds,                                    

2006-03-27                     House Journal                      Page 2888
     notes, or commercial paper to the authority or its subsidiary                                  
     corporation for that purpose; and providing for an effective date."                            
                                                                                                    
The report was signed by Representative Meyer, Co-chair, with the                                   
following individual recommendations:                                                               
                                                                                                    
Do pass (4):  Hawker, Weyhrauch, Foster, Meyer                                                      
                                                                                                    
No recommendation (3):  Kelly, Kerttula, Stoltze                                                    
                                                                                                    
The following fiscal note(s) apply to CSHB 278(FIN):                                                
                                                                                                    
2.  Indeterminate, House Finance Committee/Dept. of Revenue                                         
                                                                                                    
HB 278 was referred to the Rules Committee for placement on the                                     
calendar.