2010-02-10                     Senate Journal                      Page 1474
SB 270                                                                                                                        
SENATE BILL NO. 270 BY THE SENATE RULES COMMITTEE                                                                               
BY REQUEST OF THE GOVERNOR, entitled:                                                                                           
                                                                                                                                
            "An Act relating to the dividend paid to the state by                                                              
                 the Alaska Housing Finance Corporation; and                                                                   
          providing for an effective date."                                                                                     
                                                                                                                                
was read the first time and referred to the Finance Committee.                                                                  
                                                                                                                                
The following fiscal information was published today:                                                                           
 Fiscal Note No. 1, zero, Department of Revenue                                                                                 
                                                                                                                                
Governor's transmittal letter dated February 9:                                                                                 
                                                                                                                                
                                                                                                                                
                                                                                                                                
                                                                                                                                
                                                                                                                                

2010-02-10                     Senate Journal                      Page 1475
Dear President Stevens:                                                                                                         
                                                                                                                                
Under the authority of Art. III, Sec. 18, of the Alaska Constitution, I                                                         
am transmitting a bill relating to the Alaska Housing Finance                                                                   
Corporation.                                                                                                                    
                                                                                                                                
The bill would permit the Alaska Housing Finance Corporation to                                                                 
modify the transfer plan to accommodate changes in the generally                                                                
accepted accounting principles.                                                                                                 
                                                                                                                                
The primary objective of this change would be to accommodate                                                                    
changes in the generally accepted accounting principles and to enable                                                           
the transfer plan to continue as intended by the original legislation.                                                          
                                                                                                                                
I urge your prompt and favorable action on this bill.                                                                           
                                                                                                                                
Sincerely,                                                                                                                      
/s/                                                                                                                             
Sean Parnell                                                                                                                    
Governor