03/30/2009 01:30 PM House FINANCE

HOUSE BILL NO. 20                                                                                                             
                                                                                                                                
     "An Act relating to commercial fishing loans for energy                                                                    
     efficiency upgrades."                                                                                                      
                                                                                                                                
REPRESENTATIVE  BRYCE EDGMON,  SPONSOR, commented that  there                                                                   
was one amendment to the bill.                                                                                                  
                                                                                                                                
Co-Chair Stoltze MOVED to ADOPT Amendment 2:                                                                                    
                                                                                                                                
     Page 4, line 31, through page 5, line 2:                                                                                   
     Delete all material.                                                                                                       
     Renumber the following bill sections accordingly.                                                                          
                                                                                                                                
Vice-Chair Thomas OBJECTED.                                                                                                     
                                                                                                                                
Representative  Edgmon  explained  that the  amendment  would                                                                   
remove the  retroactivity clause  because it is  unnecessary.                                                                   
Under current  regulation, those who  may have gotten  a loan                                                                   
under the energy efficiency program can be included.                                                                            
                                                                                                                                
Representative  Fairclough  asked  for clarification  of  the                                                                   
amendment number.                                                                                                               
                                                                                                                                
Co-Chair Stoltze explained that  it was previous Amendment 2.                                                                   
Amendment 1 was offered and then withdrawn.                                                                                     
                                                                                                                                
Vice-Chair  Thomas WITHDREW  his  objection  to Amendment  2.                                                                   
There being NO OBJECTION, it was so ordered.                                                                                    
                                                                                                                                
1:46:52 PM                                                                                                                    
                                                                                                                                
Co-Chair Stoltze requested an  explanation of fiscal note #1.                                                                   
                                                                                                                                
GREG  WINEGAR,  DIRECTOR,  ALASKA  DIVISION  OF  INVESTMENTS,                                                                   
DEPARTMENT OF  COMMERCE, COMMUNITY AND ECONOMIC  DEVELOPMENT,                                                                   
explained  the fiscal  note anticipates  an increase  in loan                                                                   
demands  by  approximately  $4.2  million in  FY10,  by  $2.1                                                                   
million in  FY11, and by $1.6  million in years  FY12 through                                                                   
FY15.   The fiscal  note requests  money to  handle one  loan                                                                   
officer position,  which would come out of the  loan fund, as                                                                   
do all of the operating expenses.                                                                                               
                                                                                                                                
1:48:17 PM                                                                                                                    
                                                                                                                                
Representative  Austerman MOVED to  REPORT CSHB 20  (FIN) out                                                                   
of  Committee, as  amended, with  individual  recommendations                                                                   
and the accompanying fiscal note.   There being NO OBJECTION,                                                                   
it was so ordered.                                                                                                              
                                                                                                                                
CSHB 20 (FIN) was REPORTED out  of Committee with a "do pass"                                                                   
recommendation and  with fiscal note #1 by  the Department of                                                                   
Commerce, Community and Economic Development.