04/13/1995 02:55 PM Senate FIN

                                                                               
  CS FOR HOUSE BILL NO. 183(FIN)                                               
                                                                               
       Act  limiting  the  authority  of  the  Alaska  Housing                 
       Finance Corporation to  use money  or another asset  of                 
       the corporation to acquire or  construct a building for                 
       the  corporation's use and occupancy, and extending the                 
       requirements  of  preliminary  evaluation, notice,  and                 
       prior  legislative  approval of  certain lease-purchase                 
       agreements  to include  proposed  improvements to  real                 
       property; and providing for an effective date.                          
                                                                               
  Co-chairman Halford directed that CSHB  183 (Fin) be brought                 
  on for discussion.   He explained  that the legislation  was                 
  introduced by  Representative  Hanley,  Co-chairman  of  the                 
  House Finance Committee.   It appears to  be straightforward                 
  in its dealing with certificates  of participation in lease-                 
  type financing.  Co-chairman Halford  voiced support for the                 
  intent  of the legislation  and called for  questions.  None                 
  were forthcoming.                                                            
                                                                               
  Senator  Phillips MOVED for  passage of CSHB  183 (Fin) with                 
  individual recommendations and the  accompanying zero fiscal                 
  note.  No objection  having been raised, CSHB 183  (Fin) was                 
  REPORTED OUT of committee  with a zero fiscal note  from the                 
  Dept. of Administration.  Co-chairmen  Halford and Frank and                 
  Senators Phillips,  Rieger, and  Sharp signed  the committee                 
  report with  a "do  pass" recommendation.   Senator  Zharoff                 
  signed "no recommendation."