02/15/2017 09:00 AM Senate FINANCE

SENATE BILL NO. 9                                                                                                             
                                                                                                                                
     "An Act relating to military facility zones."                                                                              
                                                                                                                                
9:02:09 AM                                                                                                                    
                                                                                                                                
CHAD  HUTCHINSON,  STAFF,   SENATOR  COGHILL,  presented  an                                                                    
overview of the  legislation. He stated that  the bill would                                                                    
maximize  the  benefit  to  Alaskans  in  areas  surrounding                                                                    
military installations. The bill  would create a streamlined                                                                    
process to  obtain military facility zone  designations from                                                                    
the Department  of Military and  Veterans Affairs  (DMVA) by                                                                    
making it  easier for local  municipalities and  boroughs to                                                                    
have  a  quicker application  process.  He  stated that  the                                                                    
military facility  zones were  important, because  the zones                                                                    
allowed  for lower  interest  rates,  credits, and  property                                                                    
reclassifications. The  actions could  occur as long  as the                                                                    
underlying interest  supported the  military mission  on the                                                                    
military instillation. He felt  that the bill was beneficial                                                                    
to national security and the military mission.                                                                                  
                                                                                                                                
Vice-Chair  Bishop   MOVED  to   REPORT  CSSB   9(FIN)  with                                                                    
individual  recommendations  and   the  accompanying  fiscal                                                                    
note. There being NO OBJECTION, it was so ordered.                                                                              
                                                                                                                                
CSSB  9(FIN)   was  REPORTED  out   of  committee   with  no                                                                    
recommendation and  with a previously published  zero fiscal                                                                    
note: FN 1 (MVA).                                                                                                               
                                                                                                                                
9:03:53 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
9:07:47 AM                                                                                                                    
RECONVENED