03/17/2015 03:30 PM Senate COMMUNITY & REGIONAL AFFAIRS

         SB 56-MUNI ENERGY IMPROVEMNT ASSESSMNTS/BONDS                                                                      
                                                                                                                                
4:01:45 PM                                                                                                                    
CHAIR BISHOP announced the consideration of SB 56.                                                                              
                                                                                                                                
4:02:12 PM                                                                                                                    
GENE  THERRIAULT,  Energy  Policy  &  Outreach  Director,  Alaska                                                               
Energy  Authority,  Anchorage, Alaska,  noted  that  at the  last                                                               
hearing  there  were some  questions  from  committee members  on                                                               
whether  bankers in  the state  had a  position on  the bill.  He                                                               
noted that he had contacted  the Alaska Bankers Association (ABA)                                                               
last fall  on the pending  Property Assessed Clean  Energy (PACE)                                                               
legislation.  He  referred  to  a  letter  from  Steve  Lundgren,                                                               
current ABA  president; that indicated  support as long as  SB 56                                                               
has  a provision  where the  business's  current mortgage  holder                                                               
provides permission for PACE financing.                                                                                         
                                                                                                                                
4:03:26 PM                                                                                                                    
CHAIR BISHOP  thanked Mr.  Therriault for  getting the  letter of                                                               
assignment into the committee bill packets.                                                                                     
                                                                                                                                
SENATOR EGAN noted his appreciation  for Mr. Therriault's work on                                                               
getting the issue regarding PACE  financing solved and noted that                                                               
previous legislation failed.                                                                                                    
                                                                                                                                
MR. THERRIAULT  replied that PACE  financing strictly  applies to                                                               
businesses and  the previous  legislation included  financing for                                                               
residences. He  detailed that secondary lending  institutions are                                                               
still  not willing  to purchase  loan portfolios  for residential                                                               
properties that have PACE financing.                                                                                            
                                                                                                                                
4:04:55 PM                                                                                                                    
CHAIR  BISHOP asked  if  there were  further  questions from  the                                                               
committee or public.                                                                                                            
                                                                                                                                
4:05:20 PM                                                                                                                    
CHAIR BISHOP closed public comment.                                                                                             
                                                                                                                                
4:05:29 PM                                                                                                                    
SENATOR  STEDMAN  moved  to report  SB  56,  [29-GS1021\A],  from                                                               
committee  with   individual  recommendations   and  accompanying                                                               
fiscal notes.                                                                                                                   
                                                                                                                                
4:05:38 PM                                                                                                                    
CHAIR BISHOP  announced that without  objection, SB 56  moved out                                                               
of the Senate Community and Regional Affairs Standing Committee.