Legislature(2021 - 2022)DAVIS 106
02/11/2022 09:00 AM House EDUCATION
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| Audio | Topic |
|---|---|
| Start | |
| HB229 | |
| HB272|| HB273 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | HB 229 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
| += | HB 272 | TELECONFERENCED | |
| += | HB 273 | TELECONFERENCED | |
HB 229-ALASKA HIGHER EDUCATION INVESTMENT FUND
9:07:21 AM
CO-CHAIR DRUMMOND announced that the first order of business
would be HOUSE BILL NO. 229, "An Act relating to the Alaska
higher education investment fund; and relating to the Alaska
Student Loan Corporation."
[Because of their length, some amendments discussed or adopted
during the meeting are found at the end of the minutes for HB
91. Shorter amendments are included in the main text.]
9:07:59 AM
CO-CHAIR STORY moved to adopt Amendment 1 to HB 229, labeled 32-
LS1063\B.2, Marx, 2/8/22. [Amendment 1 is provided at the end
of the minutes on HB 229.]
9:08:02 AM
CO-CHAIR DRUMMOND objected for the purpose of discussion, then
spoke to Amendment 1. She said the amendment was recommended by
the bill sponsor. She gave a definition of "trust fund." She
said the higher education investment fund provides grants and
scholarships to thousands of Alaska students, and she opined
that the fund needs to be put back into active earning status,
which Amendment 1 would do by adding "trust" into the name of
the fund.
9:10:10 AM
CO-CHAIR DRUMMOND removed her objection. There being no further
objection, Amendment 1 was adopted.
9:10:29 AM
CO-CHAIR STORY moved to adopt Amendment 2 to HB 229, labeled 32-
LS1063\B.3, Marx, 2/8/22, which read as follows:
Page 5, lines 15 - 26:
Delete all material and insert:
"* Sec. 6. AS 37.14.750 is amended by adding new
subsections to read:
(e) The commissioner of revenue is a fiduciary
of the Alaska higher education investment fund. In
managing the fund, the commissioner shall
(1) have the powers and duties set out in
AS 37.10.071; and
(2) invest money in the fund so as to yield
competitive market rates as provided in AS 37.10.071.
(f) In addition to the appropriations under (c)
of this section, money in the fund may be appropriated
to reimburse
(1) the Department of Revenue for the costs
of managing the fund; and
(2) other costs of administering the fund."
9:10:32 AM
CO-CHAIR DRUMMOND objected for the purpose of discussion.
CO-CHAIR STORY spoke to Amendment 2, the intent of which is that
the Department of Revenue (DOR) continue to manage the fund.
She said the statute relating to the calculation of the annual
draw would remain unchanged. Further, the commissioner of DOR
would continue to be responsible for the calculation. She named
other funds that have similar language. She said the following
support Amendment 2: the bill sponsor, the University of
Alaska, and the Alaska Commission on Postsecondary Education.
She reminded committee members that the fund is managed more
aggressively than other state savings accounts and yielded a
27.21 percent return in fiscal year 2021 (FY 21); the average
annual return from FY 13 to FY 21 was 8.82 percent.
9:13:18 AM
REPRESENTATIVE PRAX suggested there could be an advantage to
having the Alaska Permanent Fund Corporation manage all the
funds. He said he was not certain Amendment 2 was necessary,
and further said he did not know whether it was good to add
restrictive language.
CO-CHAIR DRUMMOND pointed out that this fund outperformed the
permanent fund, and she offered her understanding that the
purpose of Amendment 2 was to ensure the fund continue to be
managed by DOR.
9:15:22 AM
CO-CHAIR STORY confirmed that is correct.
REPRESENTATIVE PRAX cautioned that it is a mistake to base
evaluation of a fund on one year's performance.
9:16:33 AM
CO-CHAIR DRUMMOND stated her understanding that Representative
Prax clearly was objecting to Amendment 2.
REPRESENTATIVE PRAX said, "Yep."
9:16:45 AM
CO-CHAIR STORY proffered that the returns over the last eight
years have been higher than that of most investment accounts.
9:17:42 AM
REPRESENTATIVE HOPKINS suggested a bill could be introduced to
initiate a discussion regarding the benefits of having one
entity manage all funds; however, he said at this time he
supports Amendment 2 to maintain the current structure.
9:19:11 AM
CO-CHAIR DRUMMOND removed her objection to the motion to adopt
Amendment 2. She asked if there was any further objection.
[None were stated, and the previous confirmation of objection by
Representative Prax was treated as withdrawn.] Co-Chair
Drummond announced that there being no further objection,
Amendment 2 was adopted.
9:19:27 AM
CO-CHAIR STORY moved to report HB 229, as amended, out of
committee with individual recommendations and the accompanying
fiscal notes. [No objection was audible.]
9:19:42 AM
CO-CHAIR DRUMMOND asked if there was any objection. She then
asked Representative Prax if he would like to maintain his
objection.
9:19:47 AM
REPRESENTATIVE PRAX said, "The objection is to moving it out of
committee. Sorry, I'm not, thank you."
CO-CHAIR DRUMMOND asked if there were "any additional
objections." [None were stated.] She then asked Representative
Prax if he maintained his objection.
REPRESENTATIVE PRAX said, "Of moving it out of committee, no."
CO-CHAIR DRUMMOND asked, "You're objecting to moving it out of
committee?"
REPRESENTATIVE PRAX replied, "Correct. No, I'm not. I'm
removing that objection."
9:20:11 AM
CO-CHAIR DRUMMOND announced there being no further objection,
CSHB 229(EDC) was reported out of the House Education Standing
Committee.
9:20:23 AM
The committee took an at-ease from 9:20 a.m. to 9:21 a.m.
9:21:45 AM
CO-CHAIR DRUMMOND restated that CSHB 229(EDC) had been reported
out of committee.
AMENDMENTS
The following amendment to HB 229 was moved for adoption during
the hearing. [Shorter amendments are provided in the main text
only.]
Amendment 1 [32-LS1063\B.2, Marx, 2/8/22] (adopted):
Page 1, line 1, following "investment":
Insert "trust"
Page 4, line 21, following "investment":
Insert "trust"
Page 4, line 29, following "investment":
Insert "trust"
Page 5, following line 1:
Insert a new bill section to read:
"* Sec. 5. AS 14.43.915(c) is amended to read:
(c) Of the total amount available annually to
the commission for payment of grants under
AS 14.43.400 - 14.43.420 and for payment of
scholarships under AS 14.43.810 - 14.43.849, one-third
of the combined amount in the accounts established
under (a) and (b) of this section shall be available
solely for payment of grants awarded under
AS 14.43.400 - 14.43.420. The commission shall
annually allocate to all qualified applicants for
scholarships awarded under AS 14.43.810 - 14.43.849
two-thirds of the combined amount in the accounts. If
an insufficient number of qualified applicants are
awarded grants under AS 14.43.400 - 14.43.420 or
scholarships under AS 14.43.810 - 14.43.849, or both,
before the end of that fiscal year, the commissioner
shall redeposit the remaining funds into the Alaska
higher education investment trust fund established
under AS 37.14.750."
Renumber the following bill sections accordingly.
Page 5, line 3, following "investment":
Insert "trust"
Page 5, following line 26:
Insert new bill sections to read:
"* Sec. 8. AS 37.14.750(d) is amended to read:
(d) In this section, unless the context requires
otherwise, "fund" means the Alaska higher education
investment trust fund established in (a) of this
section.
* Sec. 9. AS 43.20.014(a) is amended to read:
(a) A taxpayer is allowed a credit against the
tax due under this chapter for contributions of cash
or equipment accepted for
(1) direct instruction, research, and
educational support purposes, including library and
museum acquisitions, and contributions to endowment,
by an Alaska university foundation, by a nonprofit,
public or private, Alaska two-year or four-year
college accredited by a national or regional
accreditation association, or by a public or private
nonprofit elementary or secondary school in the state;
(2) secondary school level vocational
education courses, programs, and facilities by a
school district in the state;
(3) vocational education courses, programs,
equipment, and facilities by a state-operated
vocational technical education and training school, a
nonprofit regional training center recognized by the
Department of Labor and Workforce Development, and an
apprenticeship program in the state that is registered
with the United States Department of Labor under 29
U.S.C. 50 - 50b (National Apprenticeship Act);
(4) a facility by a nonprofit, public or
private, Alaska two-year or four-year college
accredited by a national or regional accreditation
association or by a public or private nonprofit
elementary or secondary school in the state;
(5) Alaska Native cultural or heritage
programs and educational support, including mentoring
and tutoring, provided by a nonprofit agency for
public school staff and for students who are in grades
kindergarten through 12 in the state;
(6) education, research, rehabilitation,
and facilities by an institution that is located in
the state and that qualifies as a coastal ecosystem
learning center under the Coastal America Partnership
established by the federal government;
(7) the Alaska higher education investment
trust fund under AS 37.14.750;
(8) funding a scholarship awarded by a
nonprofit organization to a dual-credit student to
defray the cost of a dual-credit course, including the
cost of
(A) tuition and textbooks;
(B) registration, course, and programmatic
student fees;
(C) on-campus room and board at the
postsecondary institution in the state that provides
the dual-credit course;
(D) transportation costs to and from a
residential school approved by the Department of
Education and Early Development under AS 14.16.200 or
the postsecondary school in the state that provides
the dual-credit course; and
(E) other related educational and
programmatic costs;
(9) constructing, operating, or maintaining
a residential housing facility by a residential school
in the state approved by the Department of Education
and Early Development under AS 14.16.200;
(10) childhood early learning and
development programs and educational support to
childhood early learning and development programs
provided by a nonprofit corporation organized under
AS 10.20, a tribal entity, or a school district in the
state, by the Department of Education and Early
Development, or through a state grant;
(11) science, technology, engineering, and
math programs provided by a nonprofit agency or a
school district for school staff and for students in
grades kindergarten through 12 in the state; and
(12) the operation of a nonprofit
organization dedicated to providing educational
opportunities that promote the legacy of public
service contributions to the state and perpetuate
ongoing educational programs that foster public
service leadership for future generations of residents
of the state.
* Sec. 10. AS 43.55.019(a) is amended to read:
(a) A producer of oil or gas is allowed a credit
against the tax levied by AS 43.55.011(e) for
contributions of cash or equipment accepted for
(1) direct instruction, research, and
educational support purposes, including library and
museum acquisitions, and contributions to endowment,
by an Alaska university foundation or by a nonprofit,
public or private, Alaska two-year or four-year
college accredited by a national or regional
accreditation association;
(2) secondary school level vocational
education courses, programs, and facilities by a
school district in the state;
(3) vocational education courses, programs,
equipment, and facilities by a state-operated
vocational technical education and training school, a
nonprofit regional training center recognized by the
Department of Labor and Workforce Development, and an
apprenticeship program in the state that is registered
with the United States Department of Labor under 29
U.S.C. 50 - 50b (National Apprenticeship Act);
(4) a facility by a nonprofit, public or
private, Alaska two-year or four-year college
accredited by a national or regional accreditation
association;
(5) Alaska Native cultural or heritage
programs and educational support, including mentoring
and tutoring, provided by a nonprofit agency for
public school staff and for students who are in grades
kindergarten through 12 in the state;
(6) education, research, rehabilitation,
and facilities by an institution that is located in
the state and that qualifies as a coastal ecosystem
learning center under the Coastal America Partnership
established by the federal government; and
(7) the Alaska higher education investment
trust fund under AS 37.14.750.
* Sec. 11. AS 43.56.018(a) is amended to read:
(a) The owner of property taxable under this
chapter is allowed a credit against the tax due under
this chapter for contributions of cash or equipment
accepted for
(1) direct instruction, research, and
educational support purposes, including library and
museum acquisitions, and contributions to endowment,
by an Alaska university foundation or by a nonprofit,
public or private, Alaska two-year or four-year
college accredited by a national or regional
accreditation association;
(2) secondary school level vocational
education courses, programs, and facilities by a
school district in the state;
(3) vocational education courses, programs,
and facilities by a state-operated vocational
technical education and training school;
(4) a facility by a nonprofit, public or
private, Alaska two-year or four-year college
accredited by a national or regional accreditation
association;
(5) Alaska Native cultural or heritage
programs and educational support, including mentoring
and tutoring, provided by a nonprofit agency for
public school staff and for students who are in grades
kindergarten through 12 in the state;
(6) education, research, rehabilitation,
and facilities by an institution that is located in
the state and that qualifies as a coastal ecosystem
learning center under the Coastal America Partnership
established by the federal government; and
(7) the Alaska higher education investment
trust fund under AS 37.14.750.
* Sec. 12. AS 43.65.018(a) is amended to read:
(a) A person engaged in the business of mining
in the state is allowed a credit against the tax due
under this chapter for contributions of cash or
equipment accepted for
(1) direct instruction, research, and
educational support purposes, including library and
museum acquisitions, and contributions to endowment,
by an Alaska university foundation, by a nonprofit,
public or private, Alaska two-year or four-year
college accredited by a national or regional
accreditation association, or by a public or private
nonprofit elementary or secondary school in the state;
(2) secondary school level vocational
education courses, programs, and facilities by a
school district in the state;
(3) vocational education courses, programs,
and facilities by a state- operated vocational
technical education and training school;
(4) a facility by a nonprofit, public or
private, Alaska two-year or four-year college
accredited by a national or regional accreditation
association or by a public or private nonprofit
elementary or secondary school in the state;
(5) Alaska Native cultural or heritage
programs and educational support, including mentoring
and tutoring, provided by a nonprofit agency for
public school staff and for students who are in grades
kindergarten through 12 in the state;
(6) education, research, rehabilitation,
and facilities by an institution that is located in
the state and that qualifies as a coastal ecosystem
learning center under the Coastal America Partnership
established by the federal government;
(7) the Alaska higher education investment
trust fund under AS 37.14.750;
(8) funding a scholarship awarded by a
nonprofit organization to a dual-credit student to
defray the cost of a dual-credit course, including the
cost of
(A) tuition and textbooks;
(B) registration, course, and programmatic
student fees;
(C) on-campus room and board at the
postsecondary institution in the state that provides
the dual-credit course;
(D) transportation costs to and from a
residential school approved by the Department of
Education and Early Development under AS 14.16.200 or
the postsecondary school in the state that provides
the dual-credit course; and
(E) other related educational and
programmatic costs;
(9) constructing, operating, or maintaining
a residential housing facility by a residential school
approved by the Department of Education and Early
Development under AS 14.16.200;
(10) childhood early learning and
development programs and educational support to
childhood early learning and development programs
provided by a nonprofit corporation organized under
AS 10.20, a tribal entity, or a school district in the
state, by the Department of Education and Early
Development, or through a state grant;
(11) science, technology, engineering, and
math programs provided by a nonprofit agency or a
school district for school staff and for students in
grades kindergarten through 12 in the state; and
(12) the operation of a nonprofit
organization dedicated to providing educational
opportunities that promote the legacy of public
service contributions to the state and perpetuate
ongoing educational programs that foster public
service leadership for future generations of residents
of the state.
* Sec. 13. AS 43.75.018(a) is amended to read:
(a) A person engaged in a fisheries business is
allowed a credit against the tax due under this
chapter for contributions of cash or equipment
accepted for
(1) direct instruction, research, and
educational support purposes, including library and
museum acquisitions, and contributions to endowment,
by an Alaska university foundation, by a nonprofit,
public or private, Alaska two-year or four-year
college accredited by a national or regional
accreditation association, or by a public or private
nonprofit elementary or secondary school in the state;
(2) secondary school level vocational
education courses, programs, and facilities by a
school district in the state;
(3) vocational education courses, programs,
and facilities by a state-operated vocational
technical education and training school;
(4) a facility by a nonprofit, public or
private, Alaska two-year or four-year college
accredited by a national or regional accreditation
association or by a public or private nonprofit
elementary or secondary school in the state;
(5) Alaska Native cultural or heritage
programs and educational support, including mentoring
and tutoring, provided by a nonprofit agency for
public school staff and for students who are in grades
kindergarten through 12 in the state;
(6) education, research, rehabilitation,
and facilities by an institution that is located in
the state and that qualifies as a coastal ecosystem
learning center under the Coastal America Partnership
established by the federal government;
(7) the Alaska higher education investment
trust fund under AS 37.14.750;
(8) funding a scholarship awarded by a
nonprofit organization to a dual-credit student to
defray the cost of a dual-credit course, including the
cost of
(A) tuition and textbooks;
(B) registration, course, and programmatic
student fees;
(C) on-campus room and board at the
postsecondary institution in the state that provides
the dual-credit course;
(D) transportation costs to and from a
residential school approved by the Department of
Education and Early Development under AS 14.16.200 or
the postsecondary school in the state that provides
the dual-credit course; and
(E) other related educational and
programmatic costs;
(9) constructing, operating, or maintaining
a residential housing facility by a residential school
approved by the Department of Education and Early
Development under AS 14.16.200;
(10) childhood early learning and
development programs and educational support to
childhood early learning and development programs
provided by a nonprofit corporation organized under
AS 10.20, a tribal entity, or a school district in the
state, by the Department of Education and Early
Development, or through a state grant;
(11) science, technology, engineering, and
math programs provided by a nonprofit agency or a
school district for school staff and for students in
grades kindergarten through 12 in the state; and
(12) the operation of a nonprofit
organization dedicated to providing educational
opportunities that promote the legacy of public
service contributions to the state and perpetuate
ongoing educational programs that foster public
service leadership for future generations of residents
of the state.
* Sec. 14. AS 43.77.045(a) is amended to read:
(a) A person engaged in a floating fisheries
business is allowed a credit against the tax due under
this chapter for contributions of cash or equipment
accepted for
(1) direct instruction, research, and
educational support purposes, including library and
museum acquisitions, and contributions to endowment,
by an Alaska university foundation, by a nonprofit,
public or private, Alaska two-year or four-year
college accredited by a regional accreditation
association, or by a public or private nonprofit
elementary or secondary school in the state;
(2) secondary school level vocational
education courses, programs, and facilities by a
school district in the state;
(3) vocational education courses, programs,
and facilities by a state-operated vocational
technical education and training school;
(4) a facility by a nonprofit, public or
private, Alaska two-year or four-year college
accredited by a regional accreditation association or
by a public or private nonprofit elementary or
secondary school in the state;
(5) Alaska Native cultural or heritage
programs and educational support, including mentoring
and tutoring, provided by a nonprofit agency for
public school staff and for students who are in grades
kindergarten through 12 in the state;
(6) education, research, rehabilitation,
and facilities by an institution that is located in
the state and that qualifies as a coastal ecosystem
learning center under the Coastal America Partnership
established by the federal government;
(7) the Alaska higher education investment
trust fund under AS 37.14.750;
(8) funding a scholarship awarded by a
nonprofit organization to a dual-credit student to
defray the cost of a dual-credit course, including the
cost of
(A) tuition and textbooks;
(B) registration, course, and programmatic
student fees;
(C) on-campus room and board at the
postsecondary institution in the state that provides
the dual-credit course;
(D) transportation costs to and from a
residential school approved by the Department of
Education and Early Development under AS 14.16.200 or
the postsecondary school in the state that provides
the dual-credit course; and
(E) other related educational and
programmatic costs;
(9) constructing, operating, or maintaining
a residential housing facility by a residential school
approved by the Department of Education and Early
Development under AS 14.16.200;
(10) childhood early learning and
development programs and educational support to
childhood early learning and development programs
provided by a nonprofit corporation organized under
AS 10.20, a tribal entity, or a school district in the
state, by the Department of Education and Early
Development, or through a state grant;
(11) science, technology, engineering, and
math programs provided by a nonprofit agency or a
school district for school staff and for students in
grades kindergarten through 12 in the state; and
(12) the operation of a nonprofit organization
dedicated to providing educational opportunities that
promote the legacy of public service contributions to
the state and perpetuate ongoing educational programs
that foster public service leadership for future
generations of residents of the state."
[End of amendment - CSHB 229(EDC) was reported out of the House
Education Standing Committee.]
| Document Name | Date/Time | Subjects |
|---|---|---|
| HB 229 University of Alaska Workforce Reports_Summary.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 229 |
| HB 229 University of Alaska Workforce Reports_Combined.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 229 |
| HB 229 2021 Alaska WWAMI One Page.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 229 |
| HB 229 Am 2 HEDC 2.11.2022.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 229 |
| HB 229 Am 1 HEDC 2.11.2022.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 229 |
| HB 229 APS and AEG Figures 2 7 2022.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 229 |
| FY17_22 BSA Chart for ASD.pptx |
HEDC 2/11/2022 9:00:00 AM |
|
| HB 272 invited testimony ISER.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 272 |
| HB 272 MSBSD Written Testimony.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 272 |
| HB 272 NEA Support.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 272 |
| HB 272 Sitka Letter of support.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 272 |
| HB 272 Testimony.docx.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 272 |
| HB 272 invited testimony ISER.docx |
HEDC 2/11/2022 9:00:00 AM |
HB 272 |
| HB 272 2022 ACSA JPS.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 272 |
| HB 272 HB 273 Testimony.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 272 HB 273 |
| HB 272 2022 02 08 ACSA Letter of Support.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 272 |
| HB 272 Support 021122.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 272 |
| HB 273 Support 021122.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 273 |
| HB 273 Aleutians East.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 273 |
| HB 273 Sitka Letter of support.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 273 |
| HB 273 NEA Support.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 273 |
| HB 273 2022 ACSA JPS.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 273 |
| HB 273 AASB Letter of Support.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 273 |
| HB 273 Support 021122.pdf |
HEDC 2/11/2022 9:00:00 AM |
HB 273 |