2006-04-21                     House Journal                      Page 3246
HB 278                                                                                            
The Rules 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                                   

2006-04-21                     House Journal                      Page 3247
    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(RLS)                                                                  
    "An Act relating to prepayments of 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, notes,                                       
    commercial paper, or other obligations 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; authorizing a governmental employer to issue                                
    obligations to prepay all or a portion of the governmental                                      
    employer's shares of the unfunded accrued actuarial liabilities of                              
    retirement systems and to enter into a lease or other contractual                               
    agreement with a trustee or the Alaska Municipal Bond Bank                                      
    Authority or a subsidiary of the authority in connection with the                               
    issuance of obligations for that purpose, and relating to those                                 
    obligations; and providing for an effective date."                                              
                                                                                                    
The report was signed by Representative Rokeberg, Chair, with the                                   
following individual recommendations:                                                               
                                                                                                    
Do pass (2):  McGuire, Rokeberg                                                                     
                                                                                                    
No recommendation (4):  Guttenberg, Coghill, Harris, Berkowitz                                      
                                                                                                    
                                                                                                    
The following fiscal note(s) apply to CSHB 278(RLS):                                                
                                                                                                    
2.  Indeterminate, House Finance Committee/Dept. of Revenue                                         
                                                                                                    
HB 278 is on today's calendar.