05/02/2002 04:21 PM House FIN

HOUSE BILL NO. 524                                                                                                            
                                                                                                                                
     "An Act relating  to the issuance of  general obligation                                                                   
     bonds  for the  purpose of  paying the  cost of  design,                                                                   
     construction,  and  maintenance  of  schools  and  state                                                                   
     facilities; and providing for an effective date."                                                                          
                                                                                                                                
Co-Chair  Mulder  provided members  with  proposed  committee                                                                   
substitute,  work draft  22-LS1725\F, dated  5/2/02 (copy  on                                                                   
file).                                                                                                                          
                                                                                                                                
Co-Chair  Williams MOVED  to  ADOPT work  draft  22-LS1725\F,                                                                   
dated 5/2/02. There being NO OBJECTION, it was so ordered.                                                                      
                                                                                                                                
Co-Chair Mulder  reviewed the committee substitute  and noted                                                                   
that duplicative  projects in  the Fairbanks School  District                                                                   
were  deleted  from the  deferred  maintenance  component.  A                                                                   
central  kitchen/operations   and  maintenance   facility  in                                                                   
Fairbanks and  a nutrition services  facility in  Mat-Su were                                                                   
added.                                                                                                                          
                                                                                                                                
DENNY DEWITT,  STAFF, REPRESENTATIVE  ELDON MULDER  explained                                                                   
that  there  were  two technical  changes  corrected  in  the                                                                   
committee substitute.  Bartlett High School was  listed in at                                                                   
$19 million  dollars, which was  an error and was  changed to                                                                   
$1.9 million  dollars. Chugiak  High School was  corrected to                                                                   
show the state  share of $3,655,728 dollars  (the local share                                                                   
had been listed).                                                                                                               
                                                                                                                                
Representative  Hudson  questioned  if overall  education  GO                                                                   
bonds  were expanded.  Representative  Mulder explained  that                                                                   
the Fairbanks central kitchen  project was a substitution for                                                                   
another  project  that  was already  authorized.  The  Mat-Su                                                                   
project  would  require additional  bonding.  He  anticipated                                                                   
that the  Mat-Su project would  have been added in  the other                                                                   
body.                                                                                                                           
                                                                                                                                
Representative Foster  MOVED to report CSHB 525  (FIN) out of                                                                   
Committee with  the accompanying fiscal note.  There being NO                                                                   
OBJECTION, it was so ordered.                                                                                                   
                                                                                                                                
CSHB  524 (FIN)  was REPORTED  out  of Committee  with a  "do                                                                   
pass" recommendation  and with  a fiscal  impact note  by the                                                                   
Department of Revenue.                                                                                                          
HOUSE BILL NO. 524                                                                                                            
                                                                                                                                
     "An Act relating to the issuance of general obligation                                                                     
     bonds for the purpose of paying the cost of design,                                                                        
     construction, and maintenance of schools and state                                                                         
     facilities; and providing for an effective date."                                                                          
                                                                                                                                
Co-Chair Mulder  explained that a technical amendment  to the                                                                   
Department    of   Community    and   Economic    Development                                                                   
appropriation  was  needed  to add  "under  37.05.315"  after                                                                   
"grant" on line 27, page 3.                                                                                                     
                                                                                                                                
Co-Chair Mulder  MOVED to RESCIND  the Committee's  action in                                                                   
passing CSHB 524  (FIN) from Committee for the  purpose of an                                                                   
amendment. There being NO OBJECTION, it was so ordered.                                                                         
                                                                                                                                
Co-Chair  Mulder  MOVED  to  ADOPT  "under  37.05.315"  after                                                                   
"grant" on line 27, page 3. There  being NO OBJECTION, it was                                                                   
so ordered.                                                                                                                     
                                                                                                                                
Vice-Chair  Bunde  MOVED to  report  CSHB  524 (FIN)  out  of                                                                   
Committee with  the accompanying fiscal note.  There being NO                                                                   
OBJECTION, it was so ordered.                                                                                                   
                                                                                                                                
CSHB  524 (FIN)  was REPORTED  out  of Committee  with a  "do                                                                   
pass" recommendation.