05/12/2007 03:25 PM House FIN

CS FOR SENATE BILL NO. 53(FIN)                                                                                                
                                                                                                                                
     An  Act making  and amending  appropriations,  including                                                                   
     capital  appropriations,   supplemental  appropriations,                                                                   
     and  appropriations   to  capitalize   funds;  ratifying                                                                   
     certain  expenditures; and  providing  for an  effective                                                                   
     date.                                                                                                                      
                                                                                                                                
Co-Chair Meyer stated that the  Senate version of the capital                                                                   
budget had been  received in Committee.  He  advised that the                                                                   
House  Finance   Committee  version   preparation   would  be                                                                   
prepared by late evening.                                                                                                       
                                                                                                                                
FRED FISHER,  STAFF, SENATOR BURT  STEADMAN, spoke to  the CS                                                                   
SB 53(FIN)\N version outline.                                                                                                   
                                                                                                                                
   ·    Sections 1-6 are capital projects and grants                                                                            
   ·    Section 7 is the FY08 operating line for the                                                                            
        monetary terms of the collective bargaining                                                                             
        agreements                                                                                                              
   ·    Sections   10-24    indicates    FY07    supplemental                                                                   
        appropriations                                                                                                          
   ·    Sections 25-31 provides the language sections                                                                           
       pertaining to the FY08 capital appropriations                                                                            
   ·    Sections 32-45(a) indicates reappropriation items                                                                       
   ·    Section 45(b) provides an FY08 operating item                                                                           
   ·    Section 46 indicates a reappropriation item                                                                             
   ·    Section 47 is a supplemental appropriation item                                                                         
   ·    Sections 48 & 49 are reappropriations                                                                                   
   ·    Section 51 is a reappropriation item                                                                                    
   ·    Sections 52 & 53 are appropriations to the remaining                                                                    
        FY07 surplus to the Constitutional Budget Reserve                                                                       
        (CBR) & the Alaska Housing Finance Corporation                                                                          
        (AHFC) components                                                                                                       
                                                                                                                                
5:12:52 PM                                                                                                                    
                                                                                                                                
Mr.  Fisher  noted  the  total  capital  budget  grants  from                                                                   
General  Fund sources  are $458.6 million  dollars, of  which                                                                   
$240.6 million were Governor request  items; $218 million SFC                                                                   
additions  including Railbelt  Energy and National  Petroleum                                                                   
Reserve-Alaska (NPR-A) impact  grants, totaling an additional                                                                   
$85 million dollars.                                                                                                            
                                                                                                                                
5:14:32 PM                                                                                                                    
                                                                                                                                
CS SB (FIN) was HELD in Committee  for further consideration.                                                                   
                                                                                                                                
                                                                                                                                
5:15:26 PM                                                                                                                    
                                                                                                                                
Representative  Gara  inquired  about the  outstanding  bills                                                                   
remaining in Committee.