2005-01-12                     Senate Journal                      Page 0042
SB 52                                                                                             
SENATE BILL NO. 52 BY THE SENATE RULES COMMITTEE                                                    
BY REQUEST OF THE GOVERNOR, entitled:                                                               
                                                                                                    
          "An Act relating to the reorganization of certain                                         
          functions of the division of banking, securities, and                                     
          corporations and the division of occupational                                             
          licensing in the Department of Commerce,                                                  
          Community, and Economic Development; and                                                  
          providing for an effective date."                                                         
                                                                                                    
was read the first time and referred to the Labor and Commerce                                      
Committee.                                                                                          
                                                                                                    
The following fiscal information was published today:                                               
         Fiscal Note No. 1, zero, Department of Commerce, Community,                               
       and Economic Development                                                                     
                                                                                                    
Governor's transmittal letter dated January 11, 2005:                                               
                                                                                                    
Dear President Stevens:                                                                             
                                                                                                    
Under the authority of art. III, sec. 18, of the Alaska Constitution, I am                          
transmitting a bill relating to the reorganization of certain business                              
functions in the Department of Commerce, Community, and Economic                                    
Development (department).                                                                           
                                                                                                    
This bill would make statutory changes needed to fully effectuate my                                
Administrative Order No. 219, issued September 17, 2004.  The                                       
purpose of that Order, and this bill, is to further a coordinated, "one-                            
stop shopping" environment for establishing corporations, limited                                   
liability companies, and other business entities, for registering and                               
reserving business names, and for obtaining business and occupational                               

2005-01-12                     Senate Journal                      Page 0043
licenses.  Under the Order, almost all "corporations" functions were                                
moved from the Division of Banking, Securities, and Corporations to                                 
the Division of Occupational Licensing in the department.  To reflect                               
this reorganization in the statutes, the bill would substitute                                      
"department" for references to the two specific divisions.  These                                   
amendments also will allow the commissioner of the department                                       
future latitude in assigning duties and functions within the department,                            
including renaming divisions to more accurately reflect their current                               
objectives.                                                                                         
                                                                                                    
Under the Order and this bill, duties related to the Alaska BIDCO Act                               
under AS 10.13 and required statements of financial conditions of                                   
business entities would not be moved to the division of occupational                                
licensing, although references in AS 10.13 to the Division of Banking,                              
Securities, and Corporations would be changed by the bill to refer to                               
the department rather than the currently named division.                                            
                                                                                                    
I urge your prompt and favorable action on this measure.                                            
                                                                                                    
Sincerely yours,                                                                                    
/s/                                                                                                 
Frank H. Murkowski                                                                                  
Governor