03/05/2015 08:00 AM House COMMUNITY & REGIONAL AFFAIRS

          HB  47-PERS CONTRIBUTIONS BY MUNICIPALITIES                                                                       
                                                                                                                                
8:13:11 AM                                                                                                                    
                                                                                                                                
CHAIR TILTON announced  that the next order of  business would be                                                               
HOUSE BILL  NO. 47,  "An Act requiring  each municipality  with a                                                               
population that  decreased by more  than 25 percent  between 2000                                                               
and  2010 that  participates  in the  defined benefit  retirement                                                               
plan  of the  Public Employees'  Retirement System  of Alaska  to                                                               
contribute to the system an  amount calculated by applying a rate                                                               
of  22 percent  of the  total of  all base  salaries paid  by the                                                               
municipality  to employees  of  the municipality  who are  active                                                               
members of the system during  a payroll period; reducing the rate                                                               
of  interest payable  by a  municipality with  a population  that                                                               
decreased by more  than 25 percent between 2000 and  2010 that is                                                               
delinquent  in transmitting  employee and  employer contributions                                                               
to the defined  benefit retirement plan of  the Public Employees'                                                               
Retirement System  of Alaska; giving retrospective  effect to the                                                               
substantive  provisions   of  the  Act;  and   providing  for  an                                                               
effective date."                                                                                                                
                                                                                                                                
8:13:40 AM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  SEATON moved  to report  HB 47  out of  committee                                                               
with individual recommendations.                                                                                                
                                                                                                                                
REPRESENTATIVE HUGHES objected for discussion purposes.                                                                         
                                                                                                                                
8:13:59 AM                                                                                                                    
                                                                                                                                
REPRESENTATIVE HUGHES  expressed concern that the  fiscal note is                                                               
unknown.   However, she acknowledged  that the next  committee of                                                               
referral is  the House Finance  Committee, which can  address the                                                               
fiscal note.                                                                                                                    
                                                                                                                                
8:14:39 AM                                                                                                                    
                                                                                                                                
PAUL  LABOLLE, Staff,  Representative Neal  Foster, Alaska  State                                                               
Legislature, pointed  out that there  is a zero fiscal  note from                                                               
the  Department of  Commerce,  Community  & Economic  Development                                                               
(DCCED).  He  then explained that there is no  fiscal note as the                                                               
legislation  pertains to  the retirement  system as  the statutes                                                               
for fiscal  notes for  that are separate.   He  further explained                                                               
that fiscal notes for departments  are due in the first committee                                                               
of referral while fiscal notes  in relation to retirement systems                                                               
are  not  due  until  the legislation  reaches  the  House  Rules                                                               
Standing Committee.                                                                                                             
                                                                                                                                
8:15:20 AM                                                                                                                    
                                                                                                                                
REPRESENTATIVE HUGHES withdrew her objection.                                                                                   
                                                                                                                                
8:15:28 AM                                                                                                                    
                                                                                                                                
REPRESENTATIVE SEATON  restated and amended his  motion to report                                                               
HB 47  out of committee  with individual recommendations  and the                                                               
accompanying  [zero]  fiscal  note.     There  being  no  further                                                               
objection,  HB  47 was  reported  from  the House  Community  and                                                               
Regional Affairs Standing Committee.