04/11/2008 09:00 AM Senate FINANCE

CS FOR HOUSE BILL NO. 314(FIN) am                                                                                             
                                                                                                                                
     "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."                                                                                                    
                                                                                                                                
Co-Chair Hoffman  MOVED to ADOPT  SCS CSHB 314(FIN),  labeled                                                                   
25-GH2041\O,  Cook, 4/11/08, as  the working document  before                                                                   
the  Committee.   There being  NO OBJECTION,  work draft  25-                                                                   
GH2041\O was adopted.                                                                                                           
                                                                                                                                
5:28:41 PM                                                                                                                    
                                                                                                                                
MILES  BAKER,  STAFF, SENATOR  BERT  STEDMAN,  went over  the                                                                   
changes in the  new Senate Committee Substitute.   On page 2,                                                                   
line 14, the Sawmill project was  moved over from the capital                                                                   
budget.  The  next five projects are Senate  additions.  Page                                                                   
3, lines 1-19, are all House projects.   On line 13 there was                                                                   
a  name  change  to  Craig-Klawock  Highway.    On  line  16,                                                                   
"Gateway  Borough" was  removed for clarification.    On line                                                                   
18, "Matanuska Susitna  Borough" was removed.   Page 4, lines                                                                   
1-8, are Senate additions.  The  total bond bill in the House                                                                   
was $220.6  million, of  which $6.6  million was deleted  for                                                                   
two projects.   The Senate added $101,050,000 for  a total of                                                                   
$315,050,000.                                                                                                                   
                                                                                                                                
5:32:18 PM                                                                                                                    
                                                                                                                                
Co-Chair  Hoffman MOVED  to REPORT  SCS CSHB  314 (FIN)  from                                                                   
Committee  with individual  recommendations and  accompanying                                                                   
fiscal notes.  There being NO OBJECTION, it was so ordered.                                                                     
                                                                                                                                
SCS CSHB  314 (FIN)  was REPORTED from  Committee with  a "do                                                                   
pass" recommendation and fiscal  note #1 by the Office of the                                                                   
Governor and fiscal note #2 by the Department of Revenue.                                                                       
                                                                                                                                
AT EASE:       5:32:59 PM                                                                                                     
                                                                                                                                
RECONVENED:    5:57:59 PM                                                                                                     
                                                                                                                                
ADJOURNMENT                                                                                                                   
                                                                                                                                
The meeting was adjourned at 5:57 PM.