04/14/2010 09:00 AM Senate FINANCE

HOUSE BILL NO. 315                                                                                                            
                                                                                                                                
     "An Act relating to public accounting; and providing                                                                       
     for an effective date."                                                                                                    
                                                                                                                                
10:45:53 AM                                                                                                                   
                                                                                                                                
Co-Chair Hoffman introduced the bill  and asked for the will                                                                    
of the committee.                                                                                                               
                                                                                                                                
Senator Egan MOVED TO ADOPT Amendment 1.                                                                                        
                                                                                                                                
     Page 9, line 29, following "renewal":                                                                                      
          Insert ", except that the length of a renewal for                                                                     
          an out-of-state permit may not exceed four years"                                                                     
                                                                                                                                
     Page 10, line 12, following "privilege":                                                                                   
          Insert "shall"                                                                                                        
                                                                                                                                
     Page 12, line 11:                                                                                                          
          Delete "the other  [THIS]"                                                                                        
          Insert "this or the other"                                                                                      
                                                                                                                                
Co-Chair Hoffman OBJECTED.                                                                                                      
                                                                                                                                
Senator Egan explained the amendment  and the changes to the                                                                    
language. The first change limits  renewals for out of state                                                                    
permits. Current  regulations allow  two year  renewals. The                                                                    
second  change  inserts  a  missing  "shall"  correcting  an                                                                    
omission.  The third  change corrects  an inadvertent  error                                                                    
thereby enforcing violations of Alaska law.                                                                                     
                                                                                                                                
JENNIFER  SINNET, STAFF,  REPRESENTATIVE  OLSON stated  that                                                                    
the sponsor agrees with the amendment.                                                                                          
                                                                                                                                
Co-Chair  Hoffman removed  his OBJECTION.   Amendment  1 was                                                                    
adopted.                                                                                                                        
                                                                                                                                
Co-Chair  Hoffman  noted  the new  fiscal  note  from  DCCED                                                                    
reflecting the  cost of hiring  an executive at  $134.200 in                                                                    
receipt supported services.                                                                                                     
                                                                                                                                
Senator  Huggins MOVED  to report  HB 315  out of  Committee                                                                    
with individual recommendations  and the accompanying fiscal                                                                    
note.                                                                                                                           
                                                                                                                                
HB  315 was  REPORTED  out  of Committee  with  a "do  pass"                                                                    
recommendation and with one new  fiscal impact note from the                                                                    
Department of Commerce, Community and Economic Development.