04/17/2016 08:00 AM Senate FINANCE

HOUSE BILL NO. 290                                                                                                            
                                                                                                                                
     "An Act extending the termination date of the Real                                                                         
     Estate Commission; and providing for an effective                                                                          
     date."                                                                                                                     
                                                                                                                                
10:07:48 AM                                                                                                                   
                                                                                                                                
Co-Chair  MacKinnon recalled  that there  had been  a public                                                                    
hearing on HB 290 on April 16, 2016.                                                                                            
                                                                                                                                
LAURA  STIDOLPH, STAFF,  REPRESENTATIVE  KURT OLSON,  stated                                                                    
that HB 290  would extend the Alaska  Real Estate Commission                                                                    
until June, 2018.  She furthered that the  bill provided for                                                                    
a shortened  extension of the  commission, as it  was unable                                                                    
to  obtain  a  master  errors and  omissions  policy,  which                                                                    
Representative Olson felt was crucial to the commission.                                                                        
                                                                                                                                
Co-Chair MacKinnon  discussed FN 2 (OMB  component 2360) for                                                                    
the   Department  of   Commerce,   Community  and   Economic                                                                    
Development  (DCCED);  noting  that  FY  17  through  FY  19                                                                    
reflected  an  expense  of $8,700.  There  were  no  capital                                                                    
appropriation requests,  no supplemental, and  no regulation                                                                    
change.                                                                                                                         
                                                                                                                                
Senator Dunleavy  asked what  would happen  if the  bill was                                                                    
not passed.                                                                                                                     
                                                                                                                                
Ms. Stidolph explained that if  the bill was not passed, the                                                                    
commission would go in to  wind-down mode over the following                                                                    
year, and  the licensing and  other jobs of the  board would                                                                    
fall to the responsibility of DCCED.                                                                                            
                                                                                                                                
Co-Chair  MacKinnon restated  that  the responsibilities  of                                                                    
the board would  not go away, and would  fall to individuals                                                                    
who  may or  may not  have the  same level  of expertise  as                                                                    
those on the board.                                                                                                             
                                                                                                                                
Ms. Stidolph concurred.                                                                                                         
                                                                                                                                
Senator  Olson  asked  about   the  difference  between  the                                                                    
commission and an oversight board.                                                                                              
                                                                                                                                
Ms.  Stidolph believed  the function  of the  commission was                                                                    
the same as  a board, which included  setting regulation and                                                                    
licensing.                                                                                                                      
                                                                                                                                
Co-Chair Kelly MOVED to report  HB 290 out of Committee with                                                                    
individual  recommendations  and   the  accompanying  fiscal                                                                    
note.                                                                                                                           
                                                                                                                                
HB   290   was   REPORTED   out  of   committee   with   "no                                                                    
recommendation"  and with  one  previously published  fiscal                                                                    
impact note: FN 2(CED).                                                                                                         
                                                                                                                                
10:11:40 AM                                                                                                                   
AT EASE                                                                                                                         
                                                                                                                                
10:13:44 AM                                                                                                                   
RECONVENED