Legislature(2015 - 2016)CAPITOL 106
03/05/2015 10:15 AM House ENERGY
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| Audio | Topic |
|---|---|
| Start | |
| HB78 | |
| HB58 | |
| HB118 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | HB 58 | TELECONFERENCED | |
| *+ | HB 118 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
| += | HB 78 | TELECONFERENCED | |
HB 58-ELIGIBILITY FOR AK ENERGY EFFIC LOANS
11:49:06 AM
CO-CHAIR VAZQUEZ announced that the next order of business would
be HOUSE BILL NO. 58, "An Act making an entity that is exempt
from federal taxation under 26 U.S.C. 501(c)(3) (Internal
Revenue Code) and a federally recognized tribe eligible for a
loan from the Alaska energy efficiency revolving loan fund; and
relating to loans from the Alaska energy efficiency revolving
loan fund."
11:49:30 AM
REPRESENTATIVE TILTON moved to adopt the proposed committee
substitute (CS) for HB 58, labeled 29-LS0254\G, Nauman, 3/4/15,
as the working document.
11:50:04 AM
JOSHUA WALTON, Staff, Representative Liz Vazquez, Alaska State
Legislature, explained Version G has a title change and two
significant changes from Version H. On page 1, lines 1-5 the
new title read:
An Act making an entity that is exempt from federal
taxation under 26 U.S.C. 501(c)(3), (4), (6), (12), or
(19)(Internal Revenue Code) and a federally recognized
tribe eligible for a loan from the Alaska energy
efficiency revolving loan fund; relating to loans from
the Alaska energy efficiency revolving loan fund; and
relating to the annual report published by the Alaska
Housing Finance Corporation.
MR. WALTON explained the first change specifies which types of
tax-exempt entities would be allowed to borrow from the fund.
The second change to the title refers to a report further
described in section 1. The first change to the language in the
bill was new section 1 found on page 1, beginning on line 7 and
continuing to page 2, line 11 which read:
Section 1. AS 18.56.200(d) is amended to read:
(d) The corporation shall include in its annual
report under (b) of this section
(1) a report of its activities under
(A) AS 18.55.010 - 18.55.290 (Housing
Project and Public Building Assistance Act);
(B) AS 18.55.300 - 18.55.470 (programs
of moderate income and rental housing);
(C) AS 18.55.480 - 18.55.960 (Slum
Clearance and Redevelopment Act); and
(D) AS 18.56.855 (Alaska energy
efficiency revolving loan fund);
(2) a summary of its efforts to implement a
program to extend the operation of the programs
authorized under AS 18.55 and this chapter to rural
communities;
(3) an evaluation of the corporation's
ability to fulfill the objectives of AS 18.56.010(b) -
(e); and
(4) the amount of interest rate, building,
and other subsidies for each program of the
corporation for which subsidies are given.
MR. WALTON said section 1 amends existing statute to add Alaska
energy efficiency revolving loan fund to the list of programs
that are included in Alaska Housing Finance Corporation's annual
report to the legislature. Sections 2, 3, 4, 5, and 6 were
renumbered. The second substantive change is the addition of
new section 7 found on page 5, lines 10-16 which read:
Sec. 7. AS 18.56.855 is amended by adding new
subsections to read:
(k) In considering applications and making loans
from the Alaska energy efficiency revolving loan fund,
the corporation shall give priority to energy
efficiency improvements to buildings owned by a
regional educational attendance area, the University
of Alaska, a municipality, or the state over other
applications and loans.
(l) Notwithstanding any provision of this
section, the recipient of a loan under this section
may not be a for-profit business enterprise
MR. WALTON said subsection (k) ensures that state and
governmental facilities are given priority over tax-exempt
entities and federally recognized tribes, and subsection (1)
ensures that the recipient of a loan cannot be a for-profit
business enterprise. All of changes are in response to concerns
raised by the committee.
11:54:11 AM
CO-CHAIR VAZQUEZ objected to the motion for discussion purposes.
11:54:34 AM
REPRESENTATIVE KREISS-TOMKINS, Alaska State Legislature, one of
the prime sponsors of HB 58, said the aforementioned changes
came from House Special Committee on Energy deliberation during
a previous hearing. He stated that the changes have improved
the bill and urged that the bill move from committee.
REPRESENTATIVE CLAMAN confirmed that in new subsection [(k)] the
described entities are the same and are not a larger class of
groups than existed before.
REPRESENTATIVE KREISS-TOMKINS said that is accurate, all of
previous public entities that had access to the revolving loan
fund now have first priority access.
11:56:31 AM
CO-CHAIR VAZQUEZ removed her objection.
[There being no further objection, Version G was before the
committee.]
11:57:44 AM
REPRESENTATIVE TILTON moved to report CSHB 58, Version 29-
LS0254\G, Nauman, 3/4/15, out of committee with individual
recommendations and the accompanying zero fiscal note. There
being no objection, CSHB 58(ENE) was reported out of the House
Special Committee on Energy.
11:58:33 AM
The committee took a brief at ease.
REPRESENTATIVE KREISS-TOMKINS thanked the committee.
11:59:03 AM
The committee took an at ease from 11:59 a.m. to 12:00 p.m.