2009-04-16                     Senate Journal                      Page 0996
HB 172                                                                                                                        
The Finance Committee considered CS FOR HOUSE BILL NO.                                                                          
172(FIN) "An Act relating to an investment in the education loan                                                                
fund; relating to authority for the commissioner of revenue to enter                                                            
into a bond purchase agreement and letter of credit with the Alaska                                                             
Student Loan Corporation; and providing for an effective date" and                                                              
recommended it be replaced with                                                                                                 
                                                                                                                                
                                                                                                                                

2009-04-16                     Senate Journal                      Page 0997
          SENATE CS FOR CS FOR HOUSE BILL NO.                                                                                   
          172(FIN) "An Act relating to an investment in the                                                                     
          education loan fund; relating to authority for the                                                                    
          commissioner of revenue to enter into a bond                                                                          
          purchase agreement and letter of credit with the                                                                      
          Alaska Student Loan Corporation; relating to a                                                                        
          proposal for a program under which the state repays                                                                   
          loans to students for costs of postsecondary                                                                          
          education; and providing for an effective date."                                                                      
          (Title Change SCR forthcoming)                                                                                        
                                                                                                                                
Signing do pass: Senators Hoffman, Stedman; Cochairs; Senators                                                                  
Huggins, Thomas. Signing no recommendation: Senators Olson, Ellis.                                                              
                                                                                                                                
The following previously published fiscal information applies:                                                                  
     Fiscal Note No. 3, indeterminate, Department of Education and                                                              
      Early Development                                                                                                         
     Fiscal Note No. 4, indeterminate, Department of Revenue                                                                    
                                                                                                                                
The bill was referred to the Rules Committee.