Legislature(2015 - 2016)SENATE FINANCE 532
04/15/2015 09:00 AM Senate FINANCE
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| Audio | Topic |
|---|---|
| Start | |
| SB53 | |
| SB46 | |
| HB140 | |
| HB158 | |
| HB161 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | SB 53 | TELECONFERENCED | |
| += | SB 46 | TELECONFERENCED | |
| += | HB 140 | TELECONFERENCED | |
| += | HB 158 | TELECONFERENCED | |
| += | HB 161 | TELECONFERENCED | |
HOUSE BILL NO. 140
"An Act authorizing the Alaska Railroad Corporation to
issue revenue bonds to finance a positive train
control rail transportation safety project that
qualifies for federal financial participation; and
providing for an effective date."
9:57:18 AM
REPRESENTATIVE STEVE THOMPSON, SPONSOR, highlighted the
basic aspects of the legislation. He stated that HB 140
will authorize the Alaska Railroad Corporation (ARRC) to
issue up to $37 million in tax-exempt bonds backed by
Federal Transit Administration (FTA) formula funds received
annually by ARRC. Bond proceeds will be used to finance
Positive Train Control (PTC): a safety program mandated by
the federal government without any correlating funding,
which is estimated to cost ARRC approximately $158 million.
Vice-Chair Micciche commented that PTC was an irresponsible
unfunded federal mandate, counter to all reasonable metrics
related to any substantive reduction to public safety
risks.
Vice-Chair Micciche looked at the attached zero impact
note.
Vice-Chair Micciche MOVED to REPORT HB 140 out of committee
with individual recommendations and the accompanying zero
fiscal note. There being NO OBJECTION, it was so ordered.
HB 140 was REPORTED out of committee with a "do pass"
recommendation and with one previously published zero
fiscal note: FN1 (CED).
10:01:07 AM
AT EASE
10:03:56 AM
RECONVENED
| Document Name | Date/Time | Subjects |
|---|---|---|
| HB 158 - Alper to MacKinnon re HB158-SB86 4-09-15.pdf |
SFIN 4/15/2015 9:00:00 AM |
HB 158 SB 86 |