05/08/2003 09:00 AM Senate FIN

                                                                                                                                
     HOUSE BILL NO. 203                                                                                                         
     "An  Act  relating  to  the definitions  of  'net  income'  and                                                            
     'unrestricted  net  income'  for purposes  of  calculating  the                                                            
     dividends  to be  paid to the  state by  the Alaska  Industrial                                                            
     Development   and  Export  Authority;  and  providing   for  an                                                            
     effective date."                                                                                                           
                                                                                                                                
                                                                                                                                
This was  the second  hearing for  this bill in  the Senate  Finance                                                            
Committee.                                                                                                                      
                                                                                                                                
Co-Chair Wilken  reminded that questions were posed  at the previous                                                            
hearing  and answers were  provided  in a letter  dated May  7, 2003                                                            
from Ron Miller, Executive Director, AIDEA.                                                                                     
                                                                                                                                
REPRESENTATIVE  MIKE HAWKER, sponsor of the bill,  deferred to AIDEA                                                            
to expound on the information.                                                                                                  
                                                                                                                                
SARA FISHER-GOAD,  AIDEA,  testified  she was  available to  provide                                                            
further detail if necessary.                                                                                                    
                                                                                                                                
AT EASE 9:35 AM / 9:37 AM                                                                                                       
                                                                                                                                
Senator  Taylor offered  a motion  to report HB  203 from  Committee                                                            
with  individual  recommendations   and accompanying   fiscal  note.                                                            
[Note: although  the motion indicated a Senate committee  substitute                                                            
existed, no committee substitute was presented for this bill.]                                                                  
                                                                                                                                
There was  no objection and  HB 203, with  zero fiscal note  #1 from                                                            
the Department  of Community  and Economic  Development, MOVED  from                                                            
Committee.