05/06/1996 06:30 PM Senate FIN

                                                                               
       SENATE CS FOR CS FOR HOUSE BILL NO. 526(FIN)                            
       "An Act relating to the financing authority,  programs,                 
       operations,  and  projects  of  the  Alaska  Industrial                 
  Development    and Export Authority; providing  an exemption                 
  from the  procurement  code  for  certain  projects  of  the                 
  authority; and      providing for an effective date."                        
                                                                               
  D. Randy Simmons,  AIDEA was invited  to join the  committee                 
  and  testified  on  behalf  of  the  bill.    Keith  Laufer,                 
  Assistant A.G.  was also invited  to join the  committee and                 
  answered questions  from members.    Senator Phillips  moved                 
  original  language  on page  5,  lines  8 -  10  and without                 
  objection  it was adopted  as amendment #1.   Senator Donley                 
  moved  amendment  #3 and  it  failed.   Senator  Sharp moved                 
  amendment #2 with deleted section 3 and without objection it                 
  was  adopted.   Senator  Zharoff's conceptual  amendment  to                 
  section 3 failed.  Senator Sharp moved SCS CSHB 526(FIN) and                 
  without  objection  it  was  reported  out  with  individual                 
  recommendations and zero fiscal note, Department of Commerce                 
  and Economic Development.