05/08/2007 01:30 PM House FINANCE

HOUSE BILL NO. 110                                                                                                            
                                                                                                                                
     An Act extending the termination date for the                                                                              
     Regulatory Commission of Alaska; and providing for an                                                                      
     effective date.                                                                                                            
                                                                                                                                
REPRESENTATIVE KURT  OLSON, SPONSOR, noted that  HB 110 would                                                                   
                                                           th                                                                   
extend the  Regulatory Commission  of Alaska until  June 30,                                                                    
2011.   There would  be an  audit requirement  in two  years.                                                                   
The four  year extension  was supported  by the Governor;  he                                                                   
urged the support of the House Finance Committee (HFC).                                                                         
                                                                                                                                
1:49:59 PM                                                                                                                    
                                                                                                                                
SALLY SADDLER,  LEGISLATIVE LIAISON, DEPARTMENT  OF COMMUNITY                                                                   
AND ECONOMIC DEVELOPMENT, offered  to answer questions of the                                                                   
Committee.                                                                                                                      
                                                                                                                                
PUBLIC TESTIMONY CLOSED                                                                                                       
                                                                                                                                
1:51:22 PM                                                                                                                    
                                                                                                                                
Co-Chair Meyer  asked how  the four  year extension  had been                                                                   
determined.    Representative  Olson replied  he  would  have                                                                   
preferred two  years, however, working with the  Senate, they                                                                   
preferred  four years.   The  Governor  was comfortable  with                                                                   
either four to  six years and four was chosen,  a compromise.                                                                   
Representative   Gara  supported  either   a  4  or   6  year                                                                   
extension.                                                                                                                      
                                                                                                                                
Co-Chair Meyer  referenced the  new note from  the Regulatory                                                                   
Commission of Alaska and asked  if they employed 57 full time                                                                   
employees.  Representative Olson said yes.                                                                                      
                                                                                                                                
1:53:46 PM                                                                                                                    
                                                                                                                                
Representative Foster MOVED to  REPORT CS HB 110 (L&C) out of                                                                   
Committee  with  individual  recommendations   and  with  the                                                                   
accompanying fiscal  note.  There being NO  OBJECTION, it was                                                                   
so ordered.                                                                                                                     
                                                                                                                                
CS HB 110 (L&C) was reported out  of Committee with "do pass"                                                                   
recommendation   and  with  the   new  fiscal  note   by  the                                                                   
Department of Community & Economic Development.                                                                                 
                                                                                                                                
                                                                                                                                
1:54:12 PM