2006-05-02                     Senate Journal                      Page 3056
HB 278                                                                                            
The Community and Regional Affairs Committee considered 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." Signing amend: Senator Stedman, Chair. Signing no                                  
recommendation: Senators Ellis, Wagoner, Gary Stevens.                                              
                                                                                                    
The following previously published fiscal information applies:                                      
     Fiscal Note No. 2, indeterminate, House Finance Committee                                      
                                                                                                    
The bill was referred to the Finance Committee.