04/14/2012 01:00 PM Senate FINANCE

CS FOR HOUSE BILL NO. 286(FIN)                                                                                                
                                                                                                                                
     "An Act providing  for and relating to  the issuance of                                                                    
     general obligation bonds for  the purpose of paying the                                                                    
     cost of state transportation projects; and providing                                                                       
     for an effective date."                                                                                                    
                                                                                                                                
4:34:32 PM                                                                                                                    
                                                                                                                                
Co-Chair  Hoffman  MOVED  to ADOPT  the  proposed  committee                                                                    
substitute  for  CS HB  286  (FIN),  Work Draft  27-GH2769\E                                                                    
(Kirsh, 4/14/12).                                                                                                               
                                                                                                                                
WESTON  EILER, STAFF,  SENATOR BERT  STEDMAN, explained  the                                                                    
changes  in the  committee  substitute. He  stated that  the                                                                    
committee  substitute  added  two projects,  and  makes  one                                                                    
elimination.  There is  no total  amount  change put  before                                                                    
voters  as part  of  the  general obligation  transportation                                                                    
bond. He  looked at page 2,  Section 3, line 11  changed the                                                                    
amount  from $191.4  million to  $195.4  million. He  stated                                                                    
that line  20 added  a project for  port improvements  of $3                                                                    
million. He  explained that a  project was added on  line 22                                                                    
for boat  harbor improvements  of $1  million. He  looked at                                                                    
page 3,  Section 4,  line 10 replaced  the total  amount for                                                                    
the section for the  Department of Transportation and Public                                                                    
Facilities  to  $258.5 million.  He  stated  that there  was                                                                    
deletion of  line 27 of  the previous version, which  was $4                                                                    
million for  port clearance  access improvements.  He stated                                                                    
that the changes had been  agreed to by the delegations from                                                                    
western Alaska.                                                                                                                 
                                                                                                                                
Co-Chair Stedman  WITHDREW his OBJECTION. Seeing  NO further                                                                    
OBJECTION it was SO ORDERED.                                                                                                    
                                                                                                                                
Senator   Olson   commented   thanked  the   committee   for                                                                    
considering his district's projects.                                                                                            
                                                                                                                                
4:37:40 PM                                                                                                                    
                                                                                                                                
KAREN REHFELD,  DIRECTOR, OFFICE  OF MANAGEMENT  AND BUDGET,                                                                    
thanked the committee for their work on the bill.                                                                               
                                                                                                                                
Co-Chair Stedman noted the new zero fiscal note.                                                                                
                                                                                                                                
Co-Chair Hoffman MOVED to report SCS  CS HB 286 (FIN) out of                                                                    
committee   with   individual    recommendations   and   the                                                                    
accompanying  fiscal note.  Seeing  NO OBJECTION  it was  SO                                                                    
ORDERED.                                                                                                                        
                                                                                                                                
CS HB 286 (FIN) was REPORTED out of committee with a  "do                                                                       
pass" recommendation and with a new fiscal impact note from                                                                     
the Department of Revenue.                                                                                                      
                                                                                                                                
4:39:03 PM                                                                                                                    
RECESSED